ALPACA Token Plunges 50% Amid Bizarre 650% Surge and Delisting Concerns
30.04.2025 11:48
ALPACA token's price experienced extreme volatility as it soared by 650% due to short covering and a temporary token issuance freeze, only to collapse by 50% within hours, dropping to $0.50 before rebounding to $0.70 on Binance. The dramatic price swing occurred in the wake of Binance's announcement on April 24 that it would remove all spot trading pairs for four tokens, including ALPACA, citing concerns over project commitment, trading volume, and compliance. This development, combined with the unexpected surge and subsequent plunge, has heightened alarm among investors, particularly because the token’s rally and drop coincide with the impending delisting, which is expected to further impact liquidity and market confidence.
The news is expected to have a negative immediate impact on ALPACA's price. The initial 650% surge, driven by short covering and a halt in token issuance, set the stage for heightened volatility. The subsequent 50% drop underscores market uncertainty compounded by Binance’s delisting announcement, which has already reduced trading volume and liquidity. In the short term, the looming delisting is likely to trigger further sell-offs and price pressure. Historically, coins facing similar delisting scares have experienced sharp declines followed by sporadic rebounds if investor trust can be partially restored. The combination of a dramatic pump and crash, along with a high-profile exchange pullback, weighs negatively on both short-term and long-term investor sentiment.