Why Alpaca Finance (ALPACA) Price is Up Today?

Most crypto tokens crash at the slightest rumor of a delisting. But ALPACA has flipped the script. In a surprising twist, Alpaca Finance’s token surged 422% in less than eight hours, leaving many traders stunned.

This sudden spike came as the broader crypto market turned bullish. Bitcoin is holding strong around $95,000, and with momentum building, short-term traders are now turning to low-cap coins like ALPACA for fast profits.

The Binance Delisting That Sparked a Rally

Everything kicked off when Binance announced plans to delist ALPACA along with three other tokens. The reaction was immediate. ALPACA dropped over 90%, sinking to just $0.18. Many thought the project was finished.

But the price didn’t stay down for long. In less than a day, ALPACA shot back up to nearly $0.95, marking a 422% rebound. This was triggered by a classic short squeeze.

Short Squeeze in Action

After the delisting news, traders rushed to short ALPACA, expecting the price to fall even further. But when it unexpectedly started rising, those traders had to quickly buy back the token to avoid bigger losses. This sudden wave of buying pushed the price up even more.

Normally, a delisting is a death sentence for smaller altcoins. But in ALPACA’s case, it sparked a wave of speculative trading. Many jumped in, hoping to catch a rebound before Binance officially removes the token on May 2. The result was a chaotic tug-of-war between buyers and sellers that sent prices soaring.

Huge Price Swings Keep Traders on Edge

Since Binance’s delisting announcement on April 24, ALPACA has been extremely volatile. That day alone, it dropped 52% and then jumped 171%. The following days brought more action, with a 245% spike and another rally that nearly doubled the price again.

From April 27 to 29, the token started trending down. But then Binance adjusted ALPACA’s funding rate limit to ±4%, which helped fuel another sharp rally. This move brought fresh energy to the market and helped set the stage for the explosive price action that followed.

Despite the impressive rebound, the future of ALPACA remains unclear. The recent surge was largely driven by speculation and short-term trades—not long-term fundamentals. With Binance set to delist the token on May 2, ALPACA holders now face an uncertain path.

Still, the token’s dramatic comeback has grabbed the attention of the crypto world. It’s a reminder that in crypto, even a delisting can spark opportunity – if you time it right.