$ALPACA Finance ALPACA Surges 254 Percent Before Binance Delisting
Alpaca Finance ALPACA recently recorded a dramatic 254 percent price increase, driven by Binance’s delisting notice, a short squeeze, and whale accumulation. Contrary to typical market behavior following a delisting announcement, ALPACA spiked from around 0.03 dollars to over 0.84 dollars intraday, before settling at its current gains.
The rally was fueled by traders covering shorts during a sudden reversal, along with large holders accumulating tokens prior to the delisting. Additionally, Alpaca Finance conducted a burn of 188888 tokens, reducing supply and adding upward pressure on price.
Technical indicators remain mostly bullish. Bitget reports 16 out of 17 indicators signaling a buy, although RSI shows signs of potential overbought conditions. Trading volume also surged, suggesting strong short-term interest.
Despite the momentum, investors should be cautious. Delisting from Binance may reduce liquidity, and speculative forces driving the price could reverse just as quickly. ALPACA's future will depend on whether it secures listings on other exchanges or expands its DeFi utility.
In short, ALPACA’s surge is a case study in crypto volatility, offering both risk and opportunity.
