Ihtisham_Ul Haq
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๐จ๐๐๐ฃ๐๐๐ ๐ฝ๐๐บ๐ฝ๐ฒ๐ฑ ๐ณ๐ฟ๐ผ๐บ $๐ฌ.๐ฌ๐ฏ ๐๐ผ $๐ฌ.๐ฎ๐ญ๐ณ ๐ถ๐ป ๐ท๐๐๐ ๐ฎ ๐ฑ๐ฎ๐๐.
Want to know whyโ
Here is how this all happened: ๐
Binance announced the delisting of ALPACA on 24th April, along with a few more tokens.
Traders started to short ALPACA heavily as they were expecting a dump.
But #ALPACA started to pump after this news.
Shorts got rekt and more liquidation caused the price to go up.
Now $ALPACA is up 7 times in just the last 2 days.
Despite this, it is still down 98% from its ATH.
Now its funding rate is -24.4%/day on #Binanceย ; it indicates how aggressively ALPACA is getting shorted.
Whales are just manipulating the price and liquidating shorts.
We have seen this multiple times when whales pump the prices just to attract more retailers to make them exit liquidity.
My advice is to stay away from trading such tokens and protect your portfolio.
Want to know whyโ
Here is how this all happened: ๐
Binance announced the delisting of ALPACA on 24th April, along with a few more tokens.
Traders started to short ALPACA heavily as they were expecting a dump.
But #ALPACA started to pump after this news.
Shorts got rekt and more liquidation caused the price to go up.
Now $ALPACA is up 7 times in just the last 2 days.
Despite this, it is still down 98% from its ATH.
Now its funding rate is -24.4%/day on #Binanceย ; it indicates how aggressively ALPACA is getting shorted.
Whales are just manipulating the price and liquidating shorts.
We have seen this multiple times when whales pump the prices just to attract more retailers to make them exit liquidity.
My advice is to stay away from trading such tokens and protect your portfolio.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.ย See T&Cs.
