While most coins tend to crash at the mere rumor of a major exchange delisting, ALPACA has defied expectations by going against the trend. Recently, Alpaca Finance’s ALPACA token stole the spotlight. In less than eight hours, its price skyrocketed by 422%, surprising many investors.
This surge comes as the broader crypto market turns green and Bitcoin hovers around $95K. With Bitcoin performing strongly, short-term profit traders are now eyeing low-cap assets like ALPACA, which have become attractive opportunities for quick gains.
$ALPACA: The only asset that sends you to therapy… then pays for it
– $0.03 → $0.34 → $0.06 → $0.95 all in just 6 days. – Over $5B in trading volume on a token with just a $126M market cap.
It all started when Binance announced it would delist ALPACA along with three other tokens. Following the news, ALPACA crashed by over 90%, falling as low as $0.18. Traders panicked, thinking the project might be done for. However, the coin quickly bounced back dramatically, jumping to nearly $0.95, a 422% gain in less than a day.
The Short Squeeze Effect
One big reason for this crazy rally was a short squeeze. After the delisting news, many traders placed bets that the price would fall. But when it started rising instead, those traders had to buy back the token quickly to avoid losses. This pushed the price up even more.
Delisting Triggers Frenzy
While a delisting usually signals the end for many altcoins, in ALPACA’s case, it ignited a speculative frenzy. Traders rushed in, hoping to catch a quick rebound before Binance officially removes the token on May 2. The result was a tug-of-war between buyers and sellers that pushed prices to extreme levels.
Timeline of Chaos
After Binance’s initial delisting plans were announced on April 24, ALPACA’s price became extremely volatile. It first dropped 52%, then jumped 171% on the same day. The next few days saw similar moves, a 245% spike, followed by another surge that nearly doubled the price again. But from April 27 to 29, the token trended down until a surprise move from Binance adjusting its funding rate limit to ±4% set the stage for today’s explosive rally.
Though the future of ALPACA is still unclear. While the token saw a sharp rise, it was largely driven by speculation and short-term trading activity. With Binance delisting the token on May 2, ALPACA holders now face an uncertain road ahead.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee for an intriguing dive into what experts say about growing stablecoin adoption. With dollar-pegged digital assets demonstrating significant growth, the threat is real, enough for the US Treasury to take notice.
Crypto News of the Day: Stablecoin Market To Reach $2 Trillion by 2028, US Treasury Projects
In its Q1 2025 report, the US Treasury Borrowing Advisory Committee (TBAC) projected that stablecoins could attain a market capitalization of $2 trillion by 2028.
“Evolving market dynamics, structures, and incentives have the potential to accelerate stablecoins’ trajectory to reach ~$2 trillion in market cap by 2028,” read an excerpt in the report.
As BeInCrypto reported, this would constitute a eightfold increase from its current level of approximately $234 billion, with USD-pegged stablecoins dominating (99%) the market.
MEXC exchange COO Tracy Jin agrees, adding that the milestone may be achieved as soon as 2026.
The US Treasury acknowledged that stablecoin issuers would be required to hold [short-dated] T-bills under new regulations. They said this would strengthen the correlation between US Treasury bill demand and stablecoin adoption.
Current state of the stablecoin market. Source: US Treasury
However, the US Treasury also pointed out that stablecoin growth could compel retail banks to pay higher interest rates to depositors.
Against this backdrop, BeInCrypto contacted Max Keiser, who warned about the growing stablecoin market. The Bitcoin pioneer suggested it could exacerbate US debt levels and undermine the dollar’s value.
“Stablecoins are a financial hospice where fiat money like the US dollar goes to die,” Keiser told BeInCrypto.
Keiser argued that increased stablecoin usage dilutes the dollar’s value. In his opinion, the expansion and growth of stablecoin usage will eventually “work the US dollar to death.”
Can Stablecoins Supplant the US Dollar’s Reign? Standard Chartered Weighs In
Keiser linked the rise of stablecoins to increasing national debt, countering political promises of debt reduction.
“It also means that US indebtedness goes up, not down, as Trump has promised,” he added.
BeInCrypto also contacted Standard Chartered Head of Digital Assets Research Geoff Kendrick, who noted the Treasury’s adoption of their $2 trillion stablecoin forecast.
“US Treasury is using our $2 trillion stablecoin forecast for their own projection, as per this TBAC Presentation. The tail is really wagging the dog now,” Kendrick told BeInCrypto.
Kendrick anticipates a surge in stablecoin issuance following upcoming US legislation. While he agrees with the US Treasury’s forecast, there is a caveat, with Kendrick citing implications for the US Treasury bill (T-bill) market.
“Specifically, I think stablecoins will go from $230 billion to $2 trillion by the end of 2028. That growth will require an extra $1.6 trillion of US T-bills to be held as reserves, and that is all of the planned new T-bill issuance over that period,” he added.
Meanwhile, amidst these projects, Tether, the issuer of the world’s largest stablecoin USDT, is considering launching a US-only stablecoin by late 2025 or early 2026.
“We are just exporters of what we believe to be the best product the United States ever created — that is, the US dollar,” Ardoino said in an interview.
With growing stablecoin adoption expected to give more legitimacy to crypto, Bitcoin (BTC) could benefit from the resultant liquidity. Institutional investors are already pivoting to crypto over traditional assets, as a recent US Crypto News publication indicates.
Chart of the Day
USDT stablecoin market cap vs. USD in circulation. Source: TradingView
The chart shows the market cap of USDT (blue), which accounts for over 60% of the total stablecoin market cap. It has grown significantly since November 2023 compared to the Federal Reserve’s currency in circulation (red), which remains almost flat.
This illustrates the rapid rise of stablecoins relative to the US dollar, highlighting their increasing dominance in the market.
Here’s a summary of more crypto news to follow today:
Bitcoin worth $61 billion nears profitability as early bull signs appear. BTC price shows signs of recovery, with the MVRV ratio bouncing off a historically strong level, signaling potential early bull market conditions.
Base surpasses Arbitrum as the largest Ethereum Layer-2 after a transition from Stage 0 to reach Stage 1 level maturity.
XRP’s price has declined significantly over the past week. The token currently trades at a seven-day low of $2.09, and key indicators suggest that the downtrend may continue in the near term.
Market data shows a steady rise in the demand for short positions. This trend reveals growing trader confidence in further downside movement, with short sellers increasing their exposure in anticipation of the XRP token’s continued weakness.
XRP Faces Prolonged Sell Pressure
XRP’s long/short ratio reflects the bearish bias dominating its futures market. At press time, the ratio stands at 0.98, indicating more traders are betting against the altcoin.
This ratio compares the number of long and short positions in a market. When an asset’s long/short ratio is above 1, there are more long than short positions, indicating that traders are predominantly betting on a price increase.
Conversely, as seen with XRP, a ratio below one indicates that most traders are positioning for a price drop. This reflects heightened bearish sentiment and growing expectations of continued downside movements.
According to Coinglass, XRP last recorded a long/short ratio above one on April 22. This means it has been over two weeks since bullish positions outnumbered bearish ones in the XRP futures market. The extended period of bearish dominance suggests that market participants have grown increasingly pessimistic about XRP’s short-term prospects.
On the daily chart, the newly formed “death cross” by XRP’s Moving Average Convergence Divergence (MACD) indicator supports this bearish outlook. Readings from the XRP/USD one-day chart have revealed that XRP’s MACD line (blue) closed below its signal line (orange) on Monday, forming a death cross.
This pattern is a notable marker of a sustained downtrend and is widely viewed by traders as a sign of weakening price strength. Hence, XRP risks plummeting further.
XRP Holds Key Support at $2.09 — But for How Long?
XRP currently trades at $2.10, resting above the support formed at $2.03. If selloffs strengthen, the support floor could weaken, making way for a price decline toward $1.61.
Another Viral Elon Moment — Another Meme Coin Surge
This week, Elon Musk once again broke the internet with his new online alter ego: “Kekius Maximus.” The post — an absurd, gladiator-themed meme shared with his 182M+ X followers — immediately sent speculative tokens soaring.
Several Doge-style meme coins launched overnight. Twitter spaces lit up. Volume on DEXs surged.
But while the headlines follow Elon’s memes, the smarter capital is watching something else entirely:
What blockchain infrastructure will support the next generation of viral, meme-driven crypto activity?
Every cycle, meme coins get attention. But only the blockchains that host, scale, and enable them capture long-term value.
Dogecoin was a meme. Ethereum made it programmable. Solana made it fast. Now, the next evolution is underway — and investors are turning to new Layer 1s that:
Handle viral volumes without crashing
Enable user-owned identities
Integrate with NFTs, DeFi, and payments
Bridge across chains instantly
Offer cheap, fast, permissionless tools to build communities and dApps
That’s why Kaanch Network is attracting builders and capital — not just for meme coins, but for the tech that makes them possible.
Kaanch Network: Scalable L1 Tech for Viral Crypto Culture
Currently in Stage 5 of presale, Kaanch is a Layer 1 designed to power high-volume, community-driven crypto ecosystems — including meme tokens, NFTs, and social-Fi apps.
1.4 Million TPS – Handles meme coin surges without network collapse
0.8-Second Finality – Instant swaps, trades, and airdrops
3600 Validators – Decentralized and highly resilient
Ultra-Low Fees – Meme coins and community tokens need micro-gas
.knch Domains – Meme identities, vanity wallets, on-chain personas
Interoperability – Memecoins can bridge between Solana, ETH, and more
DAO Governance – Communities can vote, upgrade, and shape their dApps
Staking Rewards Live – Up to 119% APY during presale
Meme Culture Is Loud — But Infrastructure Makes It Last
Elon Musk’s memes can send tokens flying. But long-term value will flow to blockchains like Kaanch, where meme builders can:
Launch tokens instantly
Customize domains
Create gamified, high-speed smart contracts
Build communities that scale cross-chain
With a public team, real tech, and a presence at TOKEN2049 Dubai, Kaanch is infrastructure-level exposure to viral Web3 culture.
FAQs
1. What is the best crypto to buy now in the meme coin hype? Kaanch Network. Meme coins come and go — but the blockchains that host them (like Kaanch) offer lasting value and builder incentives.
2. Which crypto has 100x or 1000x potential from early adoption? Kaanch is still in presale at $0.16 with staking, identity, multichain bridges, and community governance — all signs of explosive upside.
3. Can Kaanch support meme coin ecosystems? Yes — its 1.4M TPS, sub-second finality, and ultra-low gas fees make it perfect for viral activity, gaming, and community tokens.
4. How do I buy Kaanch tokens? Via the official presale at https://presale.kaanch.com using ETH, SOL, BNB, USDT, or credit card.
5. Is staking live during presale? Yes — early investors earn up to 119% APY by staking now.
6. Is Kaanch a public and legit project? Absolutely. Kaanch’s founders are doxxed and recently presented the protocol at TOKEN2049 Dubai.
The post Elon Musk’s ‘Kekius Maximus’ Persona Reignites Interest in Meme Coins and Underlying Technologies appeared first on Coinpedia Fintech News
Another Viral Elon Moment — Another Meme Coin Surge This week, Elon Musk once again broke the internet with his new online alter ego: “Kekius Maximus.” The post — an absurd, gladiator-themed meme shared with his 182M+ X followers — immediately sent speculative tokens soaring. Several Doge-style meme coins launched overnight. Twitter spaces lit up. …
