Alpaca Finance (ALPACA), which Binance recently decided to delist, fell to $0.065 after a 70% drop yesterday, but today it jumped to $1.227 with a massive 1770% increase.
Alpaca Finance (ALPACA), which was announced to be removed from the platform by Binance, the world's largest cryptocurrency exchange, continues to surprise investors with its extraordinary price movements. While delisting news is known to cause significant drops in cryptocurrency prices, ALPACA moved in the opposite direction, attracting market attention. The token initially increased its price eightfold, rising from $0.029 to $0.24, but then experienced a significant drop again shortly after.
Yesterday afternoon around 14:00 UTC, the price of ALPACA lost approximately 70% of its value, dropping to $0.065. However, after this level, ALPACA experienced a surprising rise and as of today, it has raised its price back to $1.227, thus increasing approximately 18.8 times (18.8x).
Big Risk for Investors!
Experts emphasize that these extraordinary and highly volatile movements of ALPACA are extremely risky for investors. They especially point out that speculation and manipulation attempts that occur after delisting decisions by large exchanges like Binance can trigger such sudden rises and falls.
Trading of the ALPACA token on Binance will end on May 2, 2025. Experts warn investors to be cautious, stating that price fluctuations may continue until this date.