OTC Weekly Trading Insights (05/01/2025)
Top Interest of the Week
Alpaca Finance ($ALPACA) stands out as a lending protocol that facilitates leveraged yield farming on the BNB and Phantom chains. Recently, there was an announcement that the $ALPACA token is being delisted from the exchange, which typically leads to a decline in price as investors sell off their holdings. Contrary to expectations, the price surged by over 1,000% just before the delisting deadline, resulting in significant liquidations of short sellers in both margin and futures trading. This unexpected price movement triggered a wave of FOMO buying among traders and investors. The combination of short covering and FOMO purchases propelled the price even higher, leading to another cycle of short liquidations. The market experienced extreme volatility, prompting traders to utilize our OTC channel to secure prices and mitigate the impact of price swings.
Sam Altman's World ($WLD) has officially launched in the U.S., aiming to deploy 7,500 eye-scanning orbs in cities nationwide by year-end. Residents will be able to confirm their identity using this Orb technology and earn WLD tokens in exchange. These tokens are linked to the establishment of a World ID, which the company claims is crucial for distinguishing between genuine humans, AI bots, and digital personas. Additionally, the recent excitement in the AI sector has further fueled investor interest in this project, as it is one of the largest market-cap initiatives in the industry.
