On a day when the market is experiencing a sharp decline for several cryptocurrencies, ALPACA caught attention after recording an unprecedented rise of +381.75% within 24 hours, reaching a price of $1.1080 after touching a daily high of $1.1900, compared to a daily low of just $0.0659.
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Key indicators and analyses:
Current market value: $152.75 million.
24-hour trading volume: $837.9 million, indicating high liquidity and intensive market activity.
Trading to market cap ratio: 548.53%, an abnormal ratio showing a large speculative volume.
The amount of the currency traded: 150.46 million ALPACA out of a maximum of 188 million.
All-time high price: $8.6011 (March 2021).
All-time low price: $0.0289 (April 17, 2025), which is less than a week ago!
What is happening?
This rocket-like rise may be due to:
A surprising positive news not yet leaked to the general market.
Temporary manipulation or money pumping (Pump) aimed at quick profits.
New interest in the currency project or upcoming updates have driven investors to buy heavily.
Is it a buying opportunity or a risk?
Opportunity:
The current price is still relatively low compared to the previous high (8.6 dollars).
High activity may indicate the beginning of a medium-term upward wave.
Risk:
The very sharp rise in a short time carries the risk of collapse (strong price correction).
There may be manipulation by whales or Pump & Dump groups.
A late entry after a 380% rise puts the investor in a risky position.
Recommendation:
For new investors or those with a short-term focus, it is preferable to wait until the movement calms down and the trend is confirmed. Experienced speculators may find quick opportunities with high risk.