According to PANews, the token Irys (IRYS) experienced a severe price decline of approximately 85% shortly after its listing on Binance Alpha. Such extreme volatility immediately post-listing is often observed in lower liquidity environments or due to aggressive selling pressure from early holders. The sharp drop highlights the elevated risks associated with new exchange listings in the current market environment. Traders should exercise caution as price discovery continues. No specific fundamental reason for the crash beyond the listing dynamics has been detailed in the immediate reports.