Alpaca Finance Token Surges 40% as INDODAX Delisting Nears

Alpaca Finance’s native token, ALPACA, surged over 40% in a single day amid heightened speculation and market volatility as Indonesian exchange INDODAX announced its delisting on August 7, 2025 [1]. The price climbed from $0.02234 to an intraday high of $0.03204, with 24-hour trading volume spiking by over 300% [1]. The rally occurred despite the generally bearish sentiment associated with delistings, suggesting that broader market recovery and short-term speculative trading are key drivers of the price action [1].

INDODAX, the largest cryptocurrency exchange in Indonesia, confirmed it would remove ALPACA from its platform at 2:00 pm UTC+7 on the specified date [1]. After that time, users will no longer be able to trade or deposit ALPACA, though withdrawals will remain accessible until further notice [1]. This follows a similar move by Binance in April 2025, which removed ALPACA after the project team officially announced its shutdown in May 2025 due to financial difficulties and increasing competition in the decentralized finance (DeFi) space [1].

The delisting has triggered concerns about the token’s liquidity and future. Over 75% of ALPACA’s supply is currently controlled by the top ten wallets, making it highly susceptible to further price instability and potential liquidity crises [1]. Additionally, ALPACA has lost more than 85% of its value since Binance’s delisting, underscoring the challenges faced by defunct or struggling DeFi projects [1].

Despite the sharp rise in price, the underlying fundamentals remain weak. The recent rally appears to be driven more by market speculation than by any structural improvement in the project’s viability. Traders are taking advantage of the uncertainty and heightened volatility surrounding the token’s future, viewing the delisting as a potential profit-making opportunity [1].

As the August 7 delisting deadline approaches, the market remains closely watching ALPACA’s price movements. While the short-term bullish momentum may persist due to speculative demand, the broader implications of the delisting are expected to weigh on the token’s long-term prospects [1].

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[1] Alpaca Finance rallies 40% as INDODAX’s August delisting deadline nears (https://invezz.com/news/2025/08/04/alpaca-finance-rallies-40-as-indodaxs-august-delisting-deadline-nears/)