Before being delisted, $ALPACA surged 400%, harvesting again
The curtain of this capital game began on April 10, when Binance launched the second round of voting for new tokens, with alpaca ranking seventh among 17 candidate projects. Signs of delisting risk emerged, and on April 24, Binance officially announced it would delist on May 2 and would liquidate perpetual contracts on April 30.
Based on past experience, tokens selected for the delisting list usually drop by 50% first, followed by a few days of gradual decline. However, alpaca behaved unusually; within 10 minutes of the Binance delisting announcement, it dropped less than 20%, far below market expectations.
Starting from 12:10 PM that day, the price quickly rebounded, surging over 100% within an hour, followed by intense fluctuations, turning retail investors' long and short battles into a feast for the main players.
Even more exaggerated, the amount of liquidation continued to soar in the following days; on the 25th, alpaca increased by 400% in one day. The project team pulled a stunt to propose increasing the token supply, speculating they may have already sold off early at a low price, and at this moment, they used the market frenzy to threaten an increase in supply, creating panic. This induced retail investors to sell, creating value for the main players to accumulate at low prices.
The news of the increased supply triggered a brief market correction, causing retail investors to panic sell. Subsequently, the project team tweeted to announce they would heed the community's opinion and decided not to increase the supply; however, this negative news struck a fatal blow again.
On April 26, alpaca's liquidation amount exceeded that of Bitcoin, primarily consisting of short liquidations. This is the drama of a capital game.
Today, it surged again by 400%, nearing 1 dollar.
Retail investors, do not enter blindly! If you are blindly guessing trends in the market alone, it will always backfire! Follow me and let's discuss together, take profits when you can.
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