Alpaca Finance rallies 40% as INDODAX’s August delisting deadline nears
Main Idea
Alpaca Finance (ALPACA) surged 40% ahead of its delisting from INDODAX on August 7, 2025, despite the team ceasing operations in May and broader market volatility.
Key Points
1. ALPACA gained over 40% in 24 hours, reaching $0.02713, with a 300% surge in trading volume.
2. INDODAX will delist ALPACA on August 7, suspending deposits and trading, though withdrawals remain open.
3. Alpaca Finance's team announced the cessation of operations in May, following Binance's delisting in April.
4. The rally occurred despite the impending delisting, driven by broader market recovery and speculative activity.
5. Top 10 wallets control nearly 75% of ALPACA's supply, raising concerns about liquidity and sustainability.
Description
Cryptocurrencies gained bullish momentum over the past day after news like the US Project Crypto boosted sentiments over the weekend. While most altcoins recorded substantial surges, Alpaca Finance (ALPACA) grabbed attention due to the upcoming delisting. ALPACA soared around 43% from yesterday’s $0.02234 to an intraday high of $0.03204. It displays impressive performance even as Indonesia’s leading exchange prepares to delist the coin. INDODAX announced that it will remove ALPACA from its platf...
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