The ALPACA project is truly eye-opening... When Binance announced its delisting, the market value was only 5 million dollars, but within a week it skyrocketed to 200 million dollars, and then exploded to over 300 million dollars in liquidations. Such blatant market manipulation is no longer just a simple case of harvesting retail investors.
Most newcomers looking to arbitrage have been buried, and seasoned investors tend to avoid such obvious market actions. Those who were flaunting their profits just a few days ago have now vanished without a trace. What good does it do to make money in such a way? Activities that flirt with danger will eventually have to be paid back.
What role did Binance play this time? It all depends on whether these market manipulators can smoothly withdraw their USDT. This level of market manipulation goes beyond simple issues of project teams exploiting retail investors. It is advisable for everyone to stay away from such delisted coins, and certainly not to engage with leverage.