ALPACA briefly breaks through $0.51, setting a new recent high, with $10.89 million in liquidations in the past 4 hours, ranked Top 1 across the network

Blockbeats news, on April 30, according to market data, ALPACA briefly broke through $0.51, marking a new high in the upward trend since "delisting from CEX" (a cumulative increase of over 1600%), currently quoted at $0.4486, with a 24-hour increase of 81.6%.

According to Coinglass data, ALPACA's 24-hour contract trading volume across the network reached $3.352 billion, with the current contract open interest at $115 million. In the past 4 hours, the network saw liquidations totaling $10.89 million, becoming the contract pair with the highest liquidation volume in the past 4 hours. Specifically, long positions were liquidated for $225,000, and short positions for $10.66 million. Notably, this liquidation amount also exceeded the combined total of BTC, ETH, and SOL data for the same period ($4.68 million + $3.66 million + $1.05 million = $9.39 million).