Latest Update – Clarification Needed on the $ALPACA Incident
I am genuinely surprised and disappointed by the recent developments.
What has happened to this once-reliable CEX?
It is evident that there was price manipulation involved, yet instead of addressing it seriously, vague comments about "demand and supply" are being made. How can demand surge when 24-hour data clearly shows a massive outflow? Still, no clarification has been provided.
Funding Fee Capitalization:
The moment the delisting announcement was made, the price began to rise — a move that should have immediately triggered concern. This isn’t normal market behavior. At the very least, monitoring or a trading halt should have been implemented. But instead, Binance appeared to capitalize on funding fees, creating a favorable environment for market makers.
Sudden Dump and Pump:
Within just 12 hours, the price saw a suspicious 2000%+ spike. Yet, Binance attributes this to demand. Where exactly is this demand coming from when there’s minimal buying activity and significant outflows? With 70% of $ALPACA tokens held in Binance hot wallets, it’s clear where the movement originated.
If Binance can label certain assets as "high risk," why not take further measures like halting trading when clear manipulation is happening and investors are at risk?
This platform claims to offer neutral and fair trading conditions, but in the post-CZ era, it increasingly seems like a playground for manipulators. There’s little to no protection for regular users and no timely updates or actions on emerging issues.
To the community — keep demanding answers.
The bigger the brand becomes, the less it seems to care about its users.
#BinanceAlphaAlert #AbuDhabiStablecoin #TrumptaxCuts #AirdropFinderGuide
