Original

Binance delists four tokens, ALPACA surges 71%, while other tokens plummet

This article is machine translated
Show original

Follow the WeChat official account: Lazy King Squirrel

The world's largest cryptocurrency exchange Binance announced the delisting of four tokens, including Alpaca Finance (PlayDapp (PDA),DA Finance (WING), and Viberate (VIB). Binance WillhElist ALPPDA, WING, and

According to the official announcement, the delisting will take effect at 03:00 UTC on May 2, and users will no to these tokens after May 3.

Additionally, withdrawals will be prohibited after July 4. Finally, open positions related to these tokens in Binance Futures will be closed before April 30.

Add V: jmay1160 Add QQ: 3788353562

The decision complies with Binance's periodic review process, which evaluates tokens based on trading volume, liquidity, project team activity, and regulatory compliance. The exchange stated that these tokens failed to meet the required and wereisted>>>stated: "When a token or token no longer meets these standards, or the industry landscape changes, we conduct a more in-depth review and may ddelisting it. Our primary goal is to ensure the best service and protection for users while continuously adapting to changing market dynamics."ance Binance made this decision shortly after completing the second round of "voting delisting". 8.2% of votes supported delisting PDA. Following that, ALPreceived 6% and WING received .8%. VIVIB was not in the in the 17 tokens listed in the bincommunity vote>>Estthe F() with 11.1% support, excluded it fromisting the platform removal p>

ALPACA Surge After H binanceisting Concerns

After theDA, and experienced double-plummets. BeInCrypto data shows WING suffered the largest, market cap shrinking by 31.8%. VIB followed, with market cap declining by 29.7%. Additionally, PDA's market cap dropped by 17.0%.

However,, ALPACA surged by 71.3% shortly after the announcement. Moreover, trading its trading by .2%. Such a surge for a to is uncommon and raised concerns.

In most most cases, delisting announwouldncemens typically trigger significant stock price declines, as seen in previous previous instances.

In a recent X X (formerly Twitter an analyst theormal of, suggesting it was likely manipulated.qu>post read: "ALPACA experienced a massive squeeze after price after a significant sell-off.. The price increased by over 100%; some short positions were liquidated, indicating serious market manipulation."

>users cautavoid potential "sc"ams prices are artificially inflated to benefit manipmanipunsuspecting investors.

Sector:
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments