Alpaca Finance Closes: Token Plummets Following Shutdown Announcement

After four years of operation, Alpaca Finance, a prominent decentralized finance (DeFi) project on the BNB Chain, has announced its shutdown. The platform, known for enabling users to earn increased yields through leverage, faced financial difficulties and market challenges that ultimately led to this decision. 😓 Binance’s recent move further complicated matters, prompting the team to wind down operations in a responsible manner. The ALPACA token experienced a sudden 30% drop following the announcement, reflecting the gravity of the news.