Binance Delisting Sparks Unprecedented 1,000% ALPACA Rally: Manipulation Suspected
In a bizarre turn of events, the cryptocurrency ALPACA experienced a staggering 1,000% price surge following its delisting announcement by Binance, the world’s largest crypto exchange. This counterintuitive rally has sparked widespread speculation about potential market manipulation, as tokens typically decline in value when facing exchange removal. The unusual price action saw ALPACA climb relentlessly for seven days before correcting 34.5% as the May 2 delisting deadline looms. Market analysts are closely examining the situation, noting that such extreme volatility in a delisting scenario is highly irregular and warrants investigation. The incident raises important questions about market integrity in the cryptocurrency space, particularly for lesser-known tokens like ALPACA that may be vulnerable to price manipulation. As the crypto community awaits Binance’s final delisting execution, this event serves as a stark reminder of the wild volatility and potential risks inherent in altcoin trading.
ALPACA’s 1,000% Surge Sparks Market Manipulation Concerns Amid Binance Delisting
ALPACA, a lesser-known cryptocurrency, defied market logic with a 1,000% price surge following its delisting announcement by Binance. Typically, delistings trigger sell-offs, but ALPACA’s counterintuitive rally has raised eyebrows among analysts. The token’s value climbed sharply over seven days before retracing 34.5% as the May 2 delisting deadline approaches.
Market watchers point to potential manipulation, noting the anomaly where ALPACA alone gained among four delisted tokens. Binance’s decision normally reduces liquidity and visibility, making such price action highly unusual. The pattern echoes classic pump-and-dump schemes, where coordinated buying creates artificial demand before inevitable collapse.
Bitcoin Holders on Binance Show Resilience Amid Price Pullback
Bitcoin’s brief retreat to $93,000 on Wednesday failed to dampen investor sentiment, with long-term holders on Binance notably reducing sell pressure. The flagship cryptocurrency rebounded above $94,000 within hours, signaling underlying market strength.
On-chain data reveals a strategic shift among Binance’s BTC holders, who are accumulating positions in anticipation of further upside. This behavior contrasts with typical panic selling during pullbacks, suggesting growing sophistication among market participants.
Veteran investors appear to be interpreting the price dip as a buying opportunity rather than a trend reversal. The restrained selling activity from long-term holders creates a stabilizing effect, potentially laying groundwork for the next leg up.
