「Has Binance's Delisting Voting Become a Hot Topic? $ALPACA Brings a 'New Attention Paradigm'」
- Analysis of the skyrocketing price of $ALPACA after delisting and the underlying manipulation logic
Llamas should be a textbook for manipulators. $ALPACA has sparked two magical trends:
1️⃣ Delisting has instead attracted attention
2️⃣ The price of Binance's altcoin skyrockets; the more it collapses, the more valuable it becomes?
Future speculation: Will seeking delisting become a new trend?
「Core Manipulation Logic Behind Llama Manipulators: Funding Rate + Liquidity Trap」
- Funding Rate Mechanism: Shorts need to pay fees to longs, with an extreme rate of -2% + hourly settlement, leading to skyrocketing short costs and accelerating liquidation panic.
- Liquidity Trap: Although contract trading is still ongoing before delisting, liquidity gradually dries up, making the price easily controlled. After the manipulators drive up the price to lure in more buyers, retail investors cannot escape before delisting, ultimately leading to the price crashing to zero.
「Dissecting the Manipulation Path of Llama Manipulators」
1. Pre-arranged Layout, Accumulating at Low Prices
As early as around April 19, ALPACA's trading volume suddenly surged but the price stagnated, clearly indicating that the manipulators had received insider information about the delisting and quietly built positions at low prices.
2. Reverse Harvesting, Creating Illusions
Retail investors generally expect a drop upon delisting, with shorts reaching as high as 75%. The manipulators took advantage of this to buy at the bottom, violently driving up the price to create the illusion of a “rebound.” The exchange also shortened the contract funding rate settlement period from 8 hours to 1 hour, with rates dropping to -2%, causing shorts to pay high interest (a $100,000 short position losing $2,000 per hour), dramatically increasing costs, forcing liquidations, and pushing prices up.
3. Coordinated Messaging, Precisely Harvesting Retail Investors
The project party first released negative news about “increased token issuance,” causing panic selling among retail investors, allowing manipulators to accumulate; then they announced the cancellation of the increase, reversing the negative news and leading to another round of short liquidations. Manipulators profited significantly through low buying and high selling in the spot market + contract funding rate earnings, harvesting on two fronts.
Finally, I sincerely want to ask, why is Binance cooperating so much with $Alpaca's manipulative funding rate?
If this trend continues, will there come a day when project parties directly pay people to spread FUD or even solicit votes for delisting? After all, the attention brought by delisting can be much more lucrative than honestly developing the project.
