ALPACA's 600% jump in just 8 hours

On April 30, the price of the Alpaca token (ALPACA) jumped dramatically from $0.181 to $1.25 in less than 9 hours, a growth of approximately 600%.


This sudden increase came just a day earlier, when the token had experienced a 92% drop in 4 hours.

The main reason for this extreme volatility was the announcement of the delisting of the ALPACA token from the Binance exchange, which is scheduled to take effect on May 2.

The Alpaca Finance platform has introduced itself as the largest lending protocol for leveraged yield farming on the Binance Chain and Fantom networks.


However, the sharp drop in the price of the platform’s native token on April 29 has led some analysts to compare the situation to the sudden drop in the price of Mantra (OM) token in the past few weeks.

To better understand the situation, here is a timeline of events surrounding the 92% drop and 600% increase in the Alpaca token:

• April 24: Binance announced that it would delist four tokens, including ALPACA. The news caused the price of Alpaca to drop by 52%, but its price rose by 171% on the same day.

• April 25: Competition between buyers and sellers caused the price of the token to increase by 245%.

• April 26: The upward trend continued, with the price of Alpaca rising from $0.155 to $0.347.

April 27-29: The downward trend continued. On April 29, Binance increased the funding rate cap to ±4%.

• Finally, on April 30, the price of Alpaca jumped again, reaching $1.25.

This sharp volatility has caught the attention of many cryptocurrency market participants.