Caution: High Risk Associated with Trading $ALPACA
Contrary to the common expectation that tokens scheduled for delisting on Binance experience continuous declines, $ALPACA has been rallying since Binance announced its upcoming delisting on May 2nd.
Many traders, anticipating a rapid drop, entered aggressive short positions. However, due to sustained buying pressure—likely driven by large holders—these traders are facing significant losses.
Important considerations:
Funding fees are currently elevated.
Price volatility remains high.
The risk of liquidation is considerable.
Given the current conditions, it is advisable to exercise caution and consider avoiding trading $ALPACA until market dynamics stabilize.
What has been your experience with this token? Are you planning to close your position at a loss, or wait for a potential retracement?
