Just past 5 o'clock, ALPACA started to plummet. It is obvious that the price is being maliciously manipulated, with the aim of liquidating short positions and waiting for the contracts to be delisted, after which the exchange will automatically settle the profits and offload the spot.

The ALPACA project team and market makers are certainly involved, and the loophole in Binance's delisting system has given them an opportunity to commit wrongdoing. Retail investors, who habitually rush in to short upon seeing delisting information, have become the victims of this harvest.