Alpaca Surges 12x Before Delisting as Short Liquidations Exceed BTC and ETH Combined

# Alpaca Finance (ALPACA) Skyrockets Amid Delisting News, Dominates Liquidation Charts Alpaca Finance (ALPACA), a cryptocurrency scheduled for delisting, has seen a surge in price volatility and now tops the liquidation rankings, catching the market's eye. According to CoinGlass liquidation data from April 30, ALPACA reached $6.06 million in liquidation within an hour—surpassing the combined liquidation amounts of Bitcoin (BTC) and Ethereum (ETH) during the same period. Despite the impending delisting, extreme price fluctuations and over-leveraged trading have kept traders fixated on the token. On April 24, Binance announced plans to delist Alpaca Finance (ALPACA) alongside three other tokens, effective May 2. Normally, delisting news leads to a price drop, and Alpaca initially followed this pattern, falling by roughly 30% post-announcement. However, the token then defied expectations, rising sharply from $0.029 to $0.3477—an almost 12-fold increase in three days. # Binance Implements Aggressive Funding Adjustments In response to the price surge, Binance modified the funding rates for Alpaca Finance (ALPACA) contracts, adjusting them hourly and expanding range caps to ±4%. This created difficult conditions for short sellers, who faced funding fees of up to -2% hourly. Traders using 1x leverage could lose nearly half their principal within a day. Despite this, high-leverage short positions continued, resulting in significant liquidations for some prominent traders. # Unique Dynamics in the Alpaca Finance Case The Alpaca Finance (ALPACA) case has disrupted the typical "bad news equals price drop" notion. Instead, the delisting news triggered a short-term price surge. Factors including low market capitalization, meme-like appeal, excessive leverage, and price psychology led to this remarkable market movement. Critics have termed this as "liquidity hunting," suggesting organized trades aimed at retail investor positions. However, others believe the extreme price swings provided high-risk traders with opportunities for significant short-term gains. # Broader Market Implications Alpaca Finance (ALPACA) prices are again climbing, remaining central to market speculation. Foresight News commented, "This event blurs the line between good and bad news in today’s market. It highlights that timing can outweigh information in determining outcomes." As volatility continues, the Alpaca Finance story illustrates the evolving nature of the cryptocurrency market, with participants evaluating opportunities against risks amid unprecedented scenarios.