ALPACA has shown remarkable resilience in the market, with the price reaching a peak of $0.91, marking an extraordinary increase of over 3000% since the infamous “Binance delisting” announcement. Currently, it is trading at $0.75, reflecting a substantial 24-hour gain of 214%. Market analysis from Coinglass reveals that the total trading volume for ALPACA within the last 24 hours has surged to $4.45 billion, with an open interest hovering around $167 million.
In just the past four hours, there has been a staggering $26.87 million in liquidations across the network, representing the highest liquidation total for a particular trading pair within this timeframe. Notably, longs accounted for $0.786 million, while shorts dominated with $26.09 million in liquidations. This dramatic figure outstrips the combined liquidation totals of BTC, ETH, and SOL, which amounted to only $15.17 million, asserting ALPACA’s prominence in recent trading activities.