ALPACA Short-Term Price Breaks $0.91, Surges Over 3000% Since "Binance Delisting" Announcement, Liquidates $26.87M in the Past 4 Hours

BlockBeats News, April 30, according to market data, ALPACA briefly broke through $0.91, once again hitting a new high in the upward trend since the "delisting from Binance" announcement (with a cumulative increase of about 3000%), currently priced at $0.75, a 24-hour increase of 214%.

According to Coinglass data, the total 24-hour contract trading volume of ALPACA across all platforms has reached $4.45 billion, with the current contract open interest at $167 million. In the past 4 hours, there have been $26.87 million worth of liquidations across all platforms, making it the highest liquidation amount for a coin pair in the past 4 hours. Among them, long positions liquidated $0.786 million, while short positions liquidated $26.09 million. It is worth noting that this liquidation amount significantly exceeds the sum of liquidations for BTC, ETH, and SOL during the same period ($9.88 million + $4.06 million + $1.23 million = $15.17 million), accounting for the vast majority of the total liquidations across all platforms in the past 4 hours ($58.27 million).

It is worth noting that the ALPACA spot trading delisting from Binance (scheduled for 11:00 AM on May 2) has been less than 24 hours.