ALPACA plunges 50% after 800% surge amid Binance delisting fears

Binance took it to X on April 24 to confirm it will delist four altcoins, ALPACA, PDA, WIND, and VIB, on May 2, 2025. The decision is part of the exchange’s routine reviews, where it evaluates listed tokens and removes assets that do not meet industry standards, user safety requirements, and regulatory expectations. Binance stated : When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics. Binance indicated it considers multiple factors when deciding whether to delist an asset from its platform. These include developer activity, team commitment, network stability, and trading volume. Meanwhile, the highlighted tokens remained on trader and investor radar following the Binance announcement. While negative sentiments weighed on PDA, WING, and VIB, catalyzing double-digit losses, ALPACA stole the show with massive growth, which even attracted market manipulation allegations. ALPACA’s wild ride: 800% surge followed by a significant crash DeFi project Alpaca Finance recorded impressive performance following Binance’s delisting announcement. The alt grabbed the attention of crypto enthusiasts as it gained more than 800% within a day. The remarkable rally attracted new players looking to capitalize on the volatility. However, ALPACA could not remain elevated throughout the weekend as it witnessed a swift 50% decline late on Sunday. That saw it losing most of the gains accrued during the speculative rally, leaving most latecomers with significant losses. Meanwhile, ALPACA’s wild price actions have sparked debates about what triggered the massive surge before a brutal crash. Market manipulation rumors surface ALPACA’s wild price actions triggered various speculations across social media. Some believe the Alpaca Finance team hired market makers to inflate the altcoin’s price to grab attention and generate liquidity ahead of Binance’s May 2 delisting. Despite no evidence to support these claims, ALPACA’s unusual surge and timing raised eyebrows. Market participants highlighted suspiciously massive buy positions and coordinated investment patterns that indicate manufactured demand drove the altcoin’s performance. If confirmed, such allegations might tarnish the project’s reputation further after Binance’s delist. That could see ALPACA losing more value. The alt trades at $0.2105 with significant bearishness. Chart by Coinmarketcap The declining 24-hour volume confirms faded interest in the altcoin, signaling further downtrends in the upcoming sessions. Meanwhile, all eyes remain on May 2. Generally, assets suffer liquidity crises after delisting from top trading platforms like Binance. That makes it challenging to sell the tokens, often triggering significant price dips. The post ALPACA plunges 50% after 800% surge amid Binance delisting fears appeared first on Invezz

Source: Invezz