📍 ALPACA increased 35 times after the delisting announcement on Binance, then split in half

📌 $ALPACA – the token of the Alpaca Finance project – unexpectedly surged 35 times, from 0.034 USD to 1.26 USD in just a few hours after the announcement of its delisting from the Binance exchange.

📌 However, shortly after, the price quickly plummeted over 50%, currently trading around 0.53 USD – marking a classic pump & dump.

📌 The fierce volatility caused over 54 million USD to be liquidated in the derivatives market, including one trader who was liquidated with a position worth nearly 4 million USD.

📌 Notably, at one point, the trading volume of ALPACA on Binance even surpassed BTC – raising many suspicions of price manipulation and insider trading.

📌 This is a clear example of the risks of trading altcoins during a delisting period: one side accumulates all the liquidity, while the other becomes exit liquidity.