Alpaca Surges 12x Pre-Delisting; Short Liquidations Top BTC and ETH Combined

# Alpaca Finance (ALPACA) Surges Amid Delisting News, Tops Liquidation Charts Alpaca Finance (ALPACA), a cryptocurrency facing delisting, has experienced dramatic price volatility and topped the liquidation rankings, capturing the market's attention. According to CoinGlass data on April 30, ALPACA's liquidation amounts soared to $6.06 million within an hour, surpassing the combined liquidation totals of Bitcoin (BTC) and Ethereum (ETH) during the same timeframe. Despite the upcoming delisting, intense price fluctuations and high-leverage trades have kept market participants riveted. On April 24, Binance announced the delisting of Alpaca Finance (ALPACA) along with three other tokens, effective May 2. Such announcements typically trigger a steep price drop, and Alpaca's price initially fell by approximately 30% post-announcement. However, defying predictions, the token rebounded sharply from $0.029 to $0.3477—a nearly 12-fold increase within three days. # Binance Implements Aggressive Funding Mechanisms In response to the price surge, Binance recalibrated the funding rates for Alpaca Finance (ALPACA) contracts on an hourly basis, extending the range caps to ±4%. This adjustment created challenges for short sellers, who faced funding fees of up to -2% per hour. Under these conditions, traders leveraging 1x could lose almost half of their principal within a day. Despite the disadvantage, high-leverage short positions persisted, resulting in substantial liquidations for major traders. # Unprecedented Dynamics in the Alpaca Finance Case The Alpaca Finance (ALPACA) scenario defies the traditional belief that "bad news equals price declines." Instead, the delisting announcement acted as a short-term catalyst for price surges. Factors such as low market capitalization, a meme-like reputation, overheated leverage, and price psychology culminated in this extraordinary market behavior. Critics describe this as "liquidity hunting," claiming organized trades aimed to exploit retail investor positions. Conversely, others argue that the extreme price movements offered high-risk traders the chance for significant short-term gains. # Market Implications Highlighted Alpaca Finance (ALPACA) prices are once again on the rise, remaining at the center of market speculation. Foresight News commented, "This incident blurs the divide between good and bad news in today's market. It highlights that timing often outweighs information in determining outcomes." As volatility persists, the Alpaca Finance saga emphasizes the shifting dynamics of the cryptocurrency market, urging participants to balance opportunity against risk amid these unparalleled developments.