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Jakarta, Pintu News – Alpaca Finance (ALPACA) was first released in February 2021 at a price range of USD 1.00 (~Rp 16,300). The project was born as a leveraged yield farming platform running on Binance Smart Chain (BSC). In the initial period, investor interest was quite high thanks to the booming yield farming trend in DeFi.
In its early weeks of trading, ALPACA recorded high volatility due to speculation and FOMO. This prompted prices to spike sharply before the market began to adjust.

ALPACA’s all-time high price occurred in March 2021 at USD 8.57 (IDR 139,111). This spike was triggered by a wave of yield farming adoption and rampant liquidity in BSC at the time. However, the high price did not last long as a major correction hit the global crypto market.
Since that ATH peak, ALPACA’s price has entered a gradual downward trend, following the bearish crypto market cycle of 2022-2023.
| Year | Average Price (USD) | Highest Price (USD) | Lowest Price (USD) |
|---|---|---|---|
| 2021 | 3.12 (~$50,856) | 8.57 (~$139,111) | 0.85 (~Rp 13,855) |
| 2022 | 0.52 (~$8,476) | 1.20 (~$19,560) | 0.22 (~Rp 3,586) |
| 2023 | 0.24 (~$3,912) | 0.35 (US$5,705) | 0.15 (~$2,445) |
| 2024 | 0.035 (~$571) | 0.07 (~Rp 1,141) | 0.025 (~$408) |
| 2025* | 0.021 (~$342) | 0.027 (~$440) | 0.018 (~$293) |
Some of the factors that affect the price of ALPACA include:

ALPACA’s release coincided with the DeFi hype on BSC, prompting an initial price spike to ATH $8.57 (IDR139,091). Many new users were attracted by the offer of high yields and low transaction fees compared to Ethereum (ETH).

The crypto market downturn triggered by the Bitcoin (BTC) mining ban in China brought down ALPACA’s price drastically from its peak. This negative sentiment caused the market capitalization to shrink significantly.
The emergence of new DeFi protocols on various chains, such as Avalanche (AVAX) and Fantom (FTM), made Alpaca’s TVL (total value locked) drop. The price of ALPACA stabilized at around $0.5 before finally going back down.
Alpaca is trying to make a comeback with cross-chain integration and features like auto-compounding. Despite a brief boost, the price only rose briefly to $0.35.

The sluggish state of the crypto market, coupled with declining interest in leveraged yield farming, has kept ALPACA’s price depressed below $0.03. Despite this, the core community remains actively developing the protocol.

As of August 2025, ALPACA’s price was around USD 0.020 (~Rp 326), down about 99.7% from its highest price. The daily trading volume was recorded at around USD 616K, indicating that despite declining investor interest, ALPACA is still actively traded in the market.
ALPACA’s price journey shows how a DeFi token can soar high early on but also be vulnerable to sharp declines due to market cycles. For investors, it is important to understand the risks, industry trends, and the role of global sentiment in influencing prices.
Also Read: Top 3 Token Unlock August 2025: Redacted, Dappad, and GameGPT in the Spotlight
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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