Date: Fri, April 30, 2025 | 08:45 AM GMT
Over the past four days, Alpaca Finance (ALPACA)—a lending protocol enabling leveraged yield farming on Binance Smart Chain—has delivered wild swings that many traders are calling outright manipulation. After suffering a sharp crash, the token has now shocked the market with an explosive upside move
It all started after Binance announced on April 24 that it would delist Alpaca Finance (ALPACA) on May 2. This triggered a brutal 80% sell-off between April 27–29, with ALPACA crashing from $0.31 to as low as $0.065. The sharp decline blindsided holders and looked like a complete capitulation event.
But just when everyone thought it was game over for ALPACA, the tables flipped.
Today, ALPACA rocketed upward by over 2,160% in less than a day, exploding to at the peak of $1.47. The price surge was so steep it mimicked a classic short squeeze—leaving traders stunned and liquidations pouring in.
Alpaca Finance (ALPACA) 4H Chart/Coinsprobe (Source: Tradingview)
$50M in Liquidations – Short Sellers Obliterated
According to Coinglass , the sudden rally triggered over $51 million in total liquidations—surpassing even Bitcoin (BTC) in daily wipeouts. Out of this, short sellers were hit the hardest, accounting for $43 million in losses, while long traders lost around $8 million during the volatile reversal.
ALPACA Token Liquidation/Source: Coinglass
The timing and scale of the move have led to widespread skepticism in the crypto community.
Users Cry Foul – “Pure Manipulation”
On social media platforms like X (formerly Twitter), users have been quick to label the movement as “manipulation.” Many pointed to the convenient timing of the price bottom just before the delisting date and the subsequent massive reversal—suggesting that whales or insiders may have taken advantage of extreme market conditions to liquidate short positions.
Source: X
What’s Next?
With the delisting on Binance only days away, ALPACA’s price is likely to stay highly volatile. While today’s move brought back temporary attention to the token, it may be short-lived.
Traders must be extremely cautious and consider staying away from tokens showing such erratic and suspicious price behavior. These kinds of moves—whether intentional or not—often
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
