Binance's Delisting News Caused an 8x Coin to Drop Over 50% in One Hour!
Alpaca Finance (ALPACA), which was announced to be delisted by Binance, lost more than 50% of its value in just one hour after increasing its price by 8 times in two days.
The world's largest cryptocurrency exchange, Binance, recently announced a surprising decision to delist the Alpaca Finance (ALPACA) token from its platform. Typically, such news leads to sharp declines in the prices of the affected cryptocurrencies, while ALPACA exhibited the opposite movement, rising from $0.029 to $0.24. It is noted that this sudden increase was driven by attempts from large investors (whales) to harm investors taking short positions.
However, following this rapid increase, the ALPACA price experienced a significant decline in a short period. Just one hour after the peak, ALPACA lost more than 50% of its value, shocking its investors. Experts emphasize that such movements in the markets carry high risks and that investors need to be cautious.
The delisting decisions made by Binance generally have a serious impact on cryptocurrency prices. However, the unusual rise of ALPACA followed by a sudden drop has raised allegations of manipulation in the markets. It is crucial for investors to be careful in such volatile movements and to take precautions against sudden price fluctuations.
The trading of the Alpaca Finance token on Binance will cease on May 2, 2025. It is indicated that volatility may continue until this date and that sudden price movements may occur. Experts warn investors, especially against excessive price fluctuations occurring after the delisting decision.
