Why is ALPACA Price Up 422% in Less Than 8 Hours?

Alpaca Finance’s ALPACA price is up 422% in less than eight hours today, jumping from $0.181 to $0.950. To everybody’s surprise, this altcoin suddenly dropped 92% on Tuesday, leading to speculation that another crypto ‘cabal’ or holders were offloading their tokens simultaneously.

Why is ALPACA Price Up 422%? 

Alpaca Finance’s website claims it is the “largest lending protocol allowing leveraged yield farming on BNB Chain and Fantom.” However, the token dropped more than 92% in a single four-hour candlestick on April 29. In an interesting turn of events, the ALPACA price is up 422% in just seven hours, climbing from $0.181 to $0.950. This sudden rally has caught investors off guard.

Due to the sudden collapse, many compared Alpaca’s altcoin condition to that of OM, another cryptocurrency that suddenly dropped more than 90% a few weeks ago. Even before this announcement, Binance announced plans to delist ALPACA.

Many crypto KOLs and investors speculate that the 422% rally is mainly due to the Binance delisting, which will take place on May 2.

Alpaca’s 90% Crash and 422% Rally Timeline

Here’s the exact timeline of events surrounding Alpaca Finance’s ALPACA token’s 90% crash and 422% rally.

April 24 – Binance Announces Delisting Plans.

• Binance announces on April 30 plans to delist 4 tokens, including Alpaca.
• This caused a short-term, volatile movement that crashed ALPACA price by 52% on the same day.
• The same day, this altcoin soared 171% and set a high of $0.105.

April 25 – Accelerated Settlement Induces Long-Short Competition

• Due to the delisting announcement, competition between bulls and bears erupted, pushing the ALPACA token to clock in 245% gain on April 25.

April 26 – ALPACA Price Doubles Anticipating Delisting

• The April 25th rally continues, pushing Alpaca Finance’s token to double in value from $0.155 to $0.347.

April 27 – 29 – Sustained Downtrend 

• For the next three days, the ALPACA token continued its downtrend despite attempts from buyers to sustain the uptrend.
• On April 29, Binance announced adjustment to funding rate due to the massive rally and crashes. i.e., Binance raised the funding rate cap to ±4%.

April 30 – Today

• Today ALPACA price shot up 422% from a low of $0.181 to $0.950.

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Akash Girimath

Senior Cryptocurrency Analyst & Market Strategist
Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts.

A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise.

Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.