Binance Delists Four Altcoins, Alpaca Finance Surges 1858%

Binance has announced the delisting of four altcoins: Alpaca Finance (ALPACA), PlayDapp (PDA), Viberate (VIB), and Wing Finance (WING). The delisting will take effect on May 2, 2025, at 03:00 UTC. The decision comes after routine asset quality reviews, with reasons including low development activity, poor trading liquidity, lack of transparency, or concerns regarding regulations or tokenomics.

The delisting process involves the complete removal of spot trading pairs, trading bot support, and copy trading services. Deposits for these tokens will no longer be credited after May 3, and withdrawals will cease on July 4, 2025. Users holding these tokens are advised to convert or withdraw them before the deadlines to avoid asset losses. Binance has noted that any remaining tokens after the July 5 cutoff may be converted into stablecoins, but this process is not guaranteed.

Despite the delisting announcement, Alpaca Finance experienced a significant price surge, rallying 1858% from $0.029 to $0.8312 within days. This unexpected rally was driven by a short squeeze, where traders expecting a price collapse overleveraged shorts and were subsequently liquidated, forcing them to buy back at higher prices. However, the momentum has since reversed, with ALPACA down 53% in the past 24 hours, currently trading at $0.5110.

Other delisted tokens have also seen price fluctuations. PDA fell 7.35% to $0.01131, with immediate resistance at the 20-day EMA of $0.01171 and stronger rejection likely at the 50-day EMA of $0.01452. VIB cratered 50% to $0.01294, currently hovering near the lower Bollinger Band at $0.01056, a possible rebound zone. WING, though down 26% to $0.8424, has remained resilient over the week, still posting a 7% gain in 7 days. It faces key resistance at the 20-day EMA of $1.2.

This delisting underscores Binance's commitment to maintaining high standards for the projects listed on its platform. The exchange has emphasized that metrics such as developer commitment, liquidity, network safety, and community transparency are crucial in their evaluation process. The sudden price action around ALPACA highlights the unpredictable nature of markets, where even in the face of delisting, opportunities for profit can arise, often punishing shorts and rewarding opportunists.