Analysts raise red flags on ALPACA’s 1,000% rally after delisting news
Alpaca Finance (ALPACA) is at the centre of controversy after a sudden 1,000% rally in the days following Binance’s announcement to delist the token.
While such a notice usually triggers a steep decline in asset value, ALPACA’s price trajectory defied market norms.
The spike has raised concerns over potential manipulation, with experts pointing to deliberate strategies by large traders to drain market liquidity.
Binance stated on 24 April that it would delist ALPACA and three other assets, effective 2 May.
In contrast to the expected outcome, ALPACA’s value rose sharply, then dropped 34.5% in a single day.