The trend of Alpaca Coin is truly insane! Binance originally planned to delist it on May 2. Normally, when this news comes out, the coin price is likely to plummet, but Alpaca Coin defies logic. After Binance officially announced the delisting on April 24, it first briefly dropped by 30%, and then, the narrative changed dramatically, entering a bull run mode, with the price skyrocketing from $0.029 to $0.3477 in just 3 days, an increase of nearly 12 times. This volatile market has left many in the industry bewildered.
The trading volume is astonishing; at its lowest, it had a circulating market cap of less than $4 million, yet this 'small cap' has triggered over billions in trading volume. In the futures market, it’s bustling with activity, with both bulls and bears fighting fiercely, and liquidation data topping the charts daily, even leaving Bitcoin and Ethereum, the 'big brothers', in the dust. Exchanges were so shocked by this crazy pace that they quickly reduced the funding rate settlement period from 8 hours to 1 hour, raising the rate cap to ±4%. Even so, this crazy battle between bulls and bears could not be stopped.
If this continues, Binance may have to reconsider its decision to delist Alpaca Coin. After all, such frequent price surges and the jaw-dropping trading volume make Alpaca Coin stand out in the crypto space, earning the title of 'conscientious copycat.' However, the price fluctuations are too extreme; investing in it feels like riding a roller coaster, thrilling yet with risks that are frighteningly high.