The recent surge in Alpaca Finance (ALPACA) following Binance's delisting announcement has been attributed to a critical system flaw, leading to substantial losses for retail investors. According to on-chain analyst ai_9684xtpa, the price of ALPACA surged dramatically, reaching up to 60 times its initial value, with perpetual futures trading volume hitting $3 billion. This sudden spike attracted numerous retail investors to short positions, who were subsequently liquidated. While Binance attempted to mitigate the impact by reducing the funding fee settlement cycle, the system proved vulnerable to the abnormal surge. The analyst suggests implementing restrictions on position openings for delisted coins to prevent future market manipulation. Binance delisted ALPACA spot trading pairs on May 2nd and perpetual futures on April 30th. Despite the delisting, ALPACA's price skyrocketed before retracting significantly. This highlights the need for robust risk management protocols and proactive measures to protect retail investors during such events. ```