Alpaca Soars 129.2% to US$0.08195 Today, What's the Catalyst?

Alpaca Finance (ALPACA) skyrocketed 129% in the last 24 hours, making it now priced at US$0.08195.
Currently, ALPACA shows signs of being overbought ( technically. The RSI indicator is very high at 95.95, which is its highest level since the big surge in April 2025.
The price has also risen significantly, at 328% above its 200-day average, and the MACD indicator is still showing positive signals even though its main trend has not fully strengthened.
From a technical analysis perspective, there is potential resistance point ) at prices of US$0.119 and US$0.148, based on Fibonacci levels. However, the current price has not yet surpassed the previous high of US$0.0963 reached on July 12.
In the market, the trading activity of ALPACA is very high. Every US$1 market value is traded up to US$3.39, which means the price can easily change if there are large transactions.
In addition, 76.76% of the total ALPACA tokens are held by the top 10 wallets, so there is a possibility that they could move the price simultaneously.
Moreover, market sentiment is currently in a state of "Greed" ( the Fear & Greed index at the figure 68), making investors more willing to take risks and interested in smaller assets like ALPACA.