Alpaca Finance’s token ALPACA is being delisted by Binance, along with PDA, VIB and WING from May 2, 2025. According to the exchange, these tokens are being delisted as they do meet the standards for liquidity, security and regulatory compliance.
ALPACA can be Traded on Other Exchanges
Right after the delisting announcement, all open token orders on Binance will be cancelled, and spot trading pairs will be removed. However users will still be able to withdraw tokens until July 4, 2025. The company has also encouraged users to trade the token on alternative exchanges such as CoinW, Gate.io, Bitunix, Bitget, PancakeSwap and many more.
As a response to the delisting news, the token’s market saw extreme volatility. The value of the token initially dropped but suddenly surged to over 200% within 24 hours and the trading volume exceeded 1 billion ALPACA tokens.
Alpaca Finance Mints tokens Amid Binance Delisting
Alpaca Finance addressed this unusual market activity in a tweet and revealed that their market maker requested the minting of additional tokens from the project’s warchest. This move was to support liquidity and enable users to continue trading the token on Binance during the remaining time before delisting.
The project has assured the community that these minted tokens will be returned to reserve once trading volume stabilizes.
However, this announcement led to confusion and concern within the community members. An X (formerly known as Twitter) user ai_9684xtpa, expressed his skepticism regarding the project’s actions. He pointed out that the market makers requesting more tokens right before the delisting could indicate a potential plan to dump tokens which could harm the retail investors.
Token Surges by 200%
The user further questioned the transparency of the project and Binance, suggesting that the sudden 200% price increase might be a warning sign for the traders. Usually, delisting leads to price drops, this unusual price pump amid bad news confuses investors where the token’s value is organically increasing or if it is driven by speculative or manipulative trading.
At press time, the price of the token stands at $0.1609 with a surge of 247.8% in the last 24 hours as per CoinGecko.
The X users also warned the traders buying or going long on the token. The user also described the situation as “confusing behavior,” highlighting the mixed signals sent by the project’s minting of tokens amidst impending delisting.
These actions by the project have had the investors confused as to how to interpret these actions. Are these actions protective measures, market manipulation or warnings, only time will tell.
Update:
The Alpaca Finance has stated that they will not be minting new ALPACA tokens. However, there has not been any drop in the price of the token and the surge is still over 200%. This raises concerns about market manipulation and investors are now very cautious because of this strange activity.
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