The ALPACA token’s price has experienced a dramatic decline of 50% following a bizarre surge of 650%. This unexpected volatility was triggered by short covering and a sudden freeze on token issuance.

Market Response: Investors are left questioning the stability of ALPACA, as such erratic movements reflect broader market sentiment. The swift rise and subsequent fall highlight the precarious nature of cryptocurrency investments.

As the market processes this event, ALPACA’s future remains uncertain. Investors need to exercise caution and assess their exposure to such volatile assets.