Alpaca Finance announced the termination of all product operations after being delisted by Binance

Mars Finance News, according to The Block, Alpaca Finance announced that it will gradually terminate all product operations, planning to stop opening new liquidity mining positions in the first week of June 2025 and automatically close all remaining active positions by June 30. Previously reported, after Binance delisted its ALPACA token in April, the token's liquidity and capital deployment capabilities were severely limited, coupled with the intensifying competition in the DeFi field, ultimately leading to the decision to shut down. The team stated that the decision was made after careful internal assessment, aiming to ensure the safe and orderly exit of user assets. Binance had not previously specified the delisting reason, but typically makes decisions based on comprehensive factors such as project progress, liquidity, and team commitment. Coingecko data shows that the ALPACA token price dropped by 26.2% in 24 hours.