Why ALPACA Token’s 650% Surge and 50% Crash Will Make Your Head Spin

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Well, well, well. ALPACA token decided to give us a wild ride last Wednesday, as it plummeted by a jaw-dropping 50%—but not before making a short-lived splash with a ridiculous 650% surge. It was almost like watching a rollercoaster at an amusement park, except, you know, with money on the line. 🎢

So, in a matter of hours, the price of ALPACA crashed to $0.50, erasing nearly all the recent gains, only to rebound to $0.70 like a cat that just refuses to die (metaphorically speaking). According to data from Binance—because who else could be the source of such glorious volatility?—this little drama all went down in record time. 🐱💸

Now, if you’re wondering what caused this madness, the answers are as mysterious as a missing sock. The 650% surge was allegedly due to a short squeeze. Yeah, nothing says “stability” like a good ol’ short squeeze, right? Add to that the surprise decision to halt new ALPACA token issuance, and suddenly, you’ve got yourself a cryptocurrency crisis cocktail. 🧐

“[…] please note, our Market Maker had requested more ALPACA from the warchest to support today’s high volume, but after feedback from the community, we decided not to mint it.”

Binance

And there you have it. Just when you thought things couldn’t get any weirder, the Alpaca Finance team decided, “Hey, let’s cancel that planned token issuance after Binance pulls the plug on us.” Nothing says “we’ve got everything under control” like impromptu decisions made on the fly, right? 🤷‍♂️

Of course, the real mystery here is what exactly triggered the sixfold surge and the inevitable plunge. But, let’s be honest, in the world of crypto, surprises are just part of the fun. Just ask Alpaca Finance, a decentralized finance app on BNB Chain that was probably just trying to keep a low profile, but ended up in the middle of a high-stakes crypto drama.

And, as if this wasn’t enough to make your brain explode, Binance announced on April 24 that it would be removing all spot trading pairs for four tokens—including ALPACA—because, well, reasons. It had to do with everything from project commitment to trading volume and compliance, but who really knows what goes on behind the scenes at Binance? 🤔

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2025-04-30 14:32