Binance To Delist Alpaca Finance (ALPACA), PlayDapp (PDA), Wing Finance (WING), and Viberate (VIB)

Binance, the world's largest cryptocurrency exchange, has announced that it will delist four tokens. These include Alpaca Finance (ALPACA), PlayDapp (PDA), Wing Finance (WING), and Viberate (VIB).

Binance, the world’s leading cryptocurrency exchange, is set to delist four tokens: Alpaca Finance (ALPACA), PlayDapp (PDA), Wing Finance (WING), and Viberate (VIB). The delisting will take effect on May 2 at 03:00 UTC, with users no longer able to deposit the tokens after May 3 and withdrawals closing on July 4.

The exchange is periodically reviewing the coins and tokens listed on its platform to ensure they continue to meet the required criteria, which includes sufficient volume, liquidity, and project team activity, among other factors.

“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics,” Binance explained in a statement.

The move comes shortly after Binance concluded the second round of its “Vote to Delist” campaign, where community members voted on which tokens they preferred to see delisted from the exchange.

Of the 17 tokens up for community voting, FTT Token attracted the highest percentage of votes for delisting, with 11.1% of the total votes going towards its removal.

However, Binance has decided against delisted FTX Token despite the community vote. Instead, the exchange will be removing four other tokens: ALPACA, PDA, WING, and VIB.

Out of the four tokens, PDA, WING, and VIB saw a significant drop in value following the announcement, with WING being hit the hardest. According to BeInCrypto research, WING shed 31.8% of its value.

VIB followed closely with a 29.7% decrease, while PDA's value depreciated by 17%.

However, ALPACA's price surged 71.3%, and its trading volume increased by 417.2%. The rise wasn't typical for a token up for delisting, raising concerns.

Most of the time, a delisting announcement triggers substantial drops in price, as seen in previous cases.

In the latest X post, an analyst highlighted ALPACA's unusual reaction, which he said was likely manipulated.

"ALPACA after a major dump showed immense squeeze. Rised to over 100%; liquidated some heavy shorters, heavy manipulation out there," the post stated.

The analyst urged users to exercise caution and avoid falling for potential "exit scams," where prices are artificially inflated to benefit manipulators at the expense of unsuspecting investors.