Retail investors are always just the toys of the big players; for small cryptocurrencies, big players can summon retail investors at will and reap them repeatedly.

Jessy, Golden Finance

According to common logic, the delisting of a token by an exchange is a significant bearish signal.

However, this pattern was not perfectly replicated with the ALPACA token that was delisted from Binance on May 2. Initially, when the news of ALPACA's delisting came on April 24, it did experience a brief drop, but then over the next three days, its price surged more than tenfold.

By April 30, the price had increased nearly 50 times from when the delisting was announced. According to Coinglass data, the liquidation amount of ALPACA tokens reached $50 million in the past 24 hours, surpassing Bitcoin.