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Alpaca Finance (ALPACA) Skyrockets by Over 2,000% in a Week: What’s Going on?

  • Alpaca Finance (ALPACA) experienced an unexpected 2,300% price surge despite being delisted by Binance.
  • The surge was possibly due to a 'short squeeze' scenario where traders betting on a price decline were forced to buy back, driving prices up.
  • Alpaca Finance's burning program, reducing token supply, and potential demand increase contributed to the rally.
  • Traders are advised caution as the Relative Strength Index (RSI) for ALPACA has reached 93, suggesting an overbought situation.

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