- Binance is delisting ALPACA, PDA, WING, and VIB, but ALPACA defied expectations with a 90% price surge following the announcement.
- Analysts suspect market manipulation, warning traders of potential exit scams and short squeezes.
In a routine cleanup of underperforming assets, Binance announced it will delist four tokens—ALPACA, PDA, WING, and VIB—starting May 2 at 03:00 UTC. While such announcements typically spark sell-offs, one token defied the odds. ALPACA surged by more than 90% in 24 hours, stunning analysts and traders alike.
The decision follows Binance’s latest “Vote to Delist” campaign, where the community backed the removal of PDA (8.2%), ALPACA (6.3%), and WING (3.8%). Oddly, FTX Token (FTT) led the poll with 11.1% of delisting votes but managed to escape the chopping block. Meanwhile, VIB was delisted without ever being listed in the vote, raising eyebrows across the crypto community.
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While PDA, WING, and VIB suffered steep drops—down 17%, 31.8%, and 29.7% respectively—ALPACA went parabolic. The DeFi token saw a staggering 417.2% spike in trading volume and now trades at $0.4779. Over the past seven days, it has rallied over 1,000%, and it’s up more than 1,423% over the past month.
Analysts believe ALPACA’s rally is anything but organic. “This looks like a classic short squeeze,” one trader posted on X, warning of potential manipulation. With such rapid gains and extreme volatility, some fear the move could be a calculated pump to trap over-leveraged short positions and dump on retail investors.
Despite the explosive rebound, ALPACA remains well below its all-time high of $8.78. Still, with a $72 million market cap and $493 million in daily volume, the market’s interest is unmistakable. Its role as the first leveraged yield farming protocol on Binance Smart Chain may be fueling renewed speculative demand, particularly as BNB Chain DeFi shows signs of revival.
Binance has urged users to manage their positions before final withdrawal deadlines on July 4. As crypto markets continue to evolve, ALPACA’s surprising run highlights both the risks and opportunities of trading in high-volatility environments.
