#### **📌 Key Facts**
- **ALPACA surged 1000%** after the Binance delisting announcement (May 2).
- **Price**:
- Before delisting: **$0.02** → Peak: **$1.27** → Now: **$0.55** (down 34.5% in a day).
- **Three other delisted tokens fell**, but ALPACA skyrocketed instead.
#### **🔍 Manipulation Analysis**
- **"Liquidity hunting"**:
- **Whales deliberately pump & dump** to take the last liquidity before delisting.
- **Similar pattern** occurred on Upbit (example: Bitcoin Gold +112% before delisting).
- **Trading tactics**:
- **Spot buy + futures long** for demand manipulation.
- **Minimal selling pressure** because whales control supply.
#### **🚨 Risks for Traders**
- **No real accumulation** – The rally is purely a whale game.
- **Post-delisting**, ALPACA could become **illiquid** or crash deeper.
### **📌 Conclusion**
- **Don't FOMO!** ALPACA's volatility is very risky.
- **Important lesson**: Delisting can trigger manipulation – always do your research before entering.
