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Another Bad News from the Altcoin Delisted by Binance: It's Being Closed!
Alpaca Finance, one of the leading projects in the DeFi ecosystem, announced that it has decided to gradually terminate all of its products.
The company stated that this decision was made as a result of comprehensive internal assessments to protect its community and conduct the process in an orderly manner.
The statement was made through Alpaca Finance's social media platform X, formerly known as Twitter (. The post stated, "After comprehensive internal evaluations and a thorough analysis of potential future paths, we made an extremely difficult decision to terminate Alpaca Finance and all of its products. This decision was not made lightly; however, we believe it is the most responsible step to protect our community and complete the process safely."
The decision comes shortly after Binance delisted the ALPACA token. Alpaca Finance expressed pride in its success on the BNB Chain and its role in shaping leveraged yield farming during the early days of DeFi, reminding everyone of its past achievements.
Following the development, there was a sudden drop in the price of the ALPACA token. Currently, the token has a market value of 20 million dollars and has lost 33% of its value over the past week.