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

# Alpaca Finance (ALPACA) Surges Amid Delisting News, Tops Liquidation Charts Alpaca Finance (ALPACA), a cryptocurrency facing potential delisting, has experienced skyrocketing price volatility, leading the liquidation charts and capturing market interest. According to CoinGlass liquidation data on April 30, ALPACA saw liquidation amounts reaching $6.06 million within an hour, surpassing the combined liquidation totals of Bitcoin (BTC) and Ethereum (ETH) during the same time frame. Despite the impending delisting announcement, extreme price fluctuations and over-leveraged trading have kept market participants focused on the token. On April 24, Binance announced plans to delist Alpaca Finance (ALPACA) along with three other tokens, effective May 2. Typically, delisting news leads to a sharp price drop, and Alpaca initially followed this trend, plunging by approximately 30% right after the announcement. However, defying expectations, the token rebounded sharply, soaring from $0.029 to $0.3477—a nearly 12-fold increase within just three days. # Binance Adopts Aggressive Funding Mechanisms In response to the price frenzy, Binance adjusted the funding rates for Alpaca Finance (ALPACA) contracts, recalibrating them on an hourly basis and expanding the range caps to ±4%. This change created adverse conditions for short sellers, requiring them to pay funding fees of up to -2% hourly. Under these dynamics, traders using 1x leverage could lose almost half of their principal in a single day. Despite this disadvantage, high-leverage short positions persisted, leading to substantial liquidations among major traders. # Unprecedented Dynamics in the Alpaca Finance Case The Alpaca Finance (ALPACA) case has challenged the conventional wisdom that "bad news equals price declines." Instead, the delisting announcement acted as a short-term catalyst for soaring prices. A combination of low market capitalization, a meme-like image, overheated leverage, and price psychology culminated in this dramatic market movement. Critics have referred to this as "liquidity hunting," alleging that organized trades aimed to target retail investor positions. However, others suggest that the extreme price swings also provided high-risk traders with opportunities for substantial short-term gains. # Market Implications Highlighted Alpaca Finance (ALPACA) prices are once again on an upward trajectory and remain at the center of market speculation. Foresight News noted, "This incident blurs the line between good and bad news in the current market landscape. It underscores that timing often trumps information in determining outcomes." As the volatility continues, the Alpaca Finance saga reflects the evolving dynamics of the cryptocurrency market, leaving participants weighing opportunity against risk amid unprecedented developments.