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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 platform on August 7, 2025.
Such news triggers bearish sentiments and panic exits.
However, Alpaca Finance sees sharp rallies as the delisting deadline looms.
The swift price move has attracted attention across the cryptocurrency space.
INDODAX ceases ALPACA support
Alpaca Finance has been in the spotlight over the past months, especially after its team confirmed shutting down the project due to intensified competition in the DeFi sector and financial woes.
Last month, INDODAX declared it would remove the altcoin from its platform on August 7 at 2 pm (UTC+7).
Individuals can only withdraw after this Thursday, as the exchange suspends ALPACA trading and deposits.
Alpaca Finance was a key player within DeFi yield farming but struggled to ensure consistent growth in the dynamic crypto world.
The team closed the chapter in May, a move that prompted INDODAX’s announcement.
Binance ceased support for ALPACA in April, and it was only a matter of time before other leading exchanges followed suit.
INDODAX will suspend deposits and trading for Alpaca Finance this week.
Meanwhile, the trading platform guaranteed users the safety of their funds, stating:
Don’t worry, your crypto assets are still safe, and withdrawal access will remain open until further notice.
The platform urged users to contact customer support for more details.
Meanwhile, attention remains on ALPACA’s price actions as the delisting deadline approaches.
ALPACA rallies ahead of delisting
Delisting news, especially for a non-operating project, would trigger notable price dips.
Nevertheless, ALPACA exhibits a notable bullish momentum ahead of INDODAX’s suspension.
It has gained over 40% amidst amplified volatility.
What’s behind the upsurge? The ongoing broad market recovery bolstered ALPACA’s momentum in the past day.
Also, traders speculating on prevailing volatility drive the temporary demand.
ALPACA trades at $0.02713 with an over 300% surge in 24-hour trading volume.
Chart by CoinmarketcapThe current sentiments signal further gains for Alpaca Finance.
However, the altcoin remains poised for wild volatility as INDODAX’s August 7 delisting looms.
The massive volume spike indicates intensified speculative activity.
Also, the top ten wallets control nearly 75% of ALPACA’s supply.
The significant whale concentrations make the digital token prone to unsustainability as it braces for a liquidity crisis.
ALPACA has lost more than 85% of its value since we reported Binance’s delisting.
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