Alpine Price Surge Over 190% in 24 Hours as Token Breaks $5 Mark

• Alpine price surge over 190% in 24h lifted token to $5 with $480M turnover
• Thin float and whale flows drove ALPINE trading volume 3,000% higher
• Alpine Price ranks among top gainers after rally pushed market cap near $92 million

The Alpine F1 Team Fan Token staged one of the sharpest rallies in the market this week. On September 27, the Alpine price surged more than 190% in 24 hours, swinging from lows near $2.12 to an intraday peak around $6.13 before consolidating near the $5 mark. 

The move pushed the token’s market capitalization to roughly $91.6 million, while its fully diluted valuation approached $195.8 million, according to CoinMarketCap data.

Why Is Alpine Surging?

The mechanics of the rally were clear. Trading activity exploded, with 24-hour turnover rising more than 3,000% to $483 million, lifting the volume-to-market-cap ratio past 500%. 

When daily flow eclipses the entire market cap five times over, each incremental order has an outsized impact on price. Only 18.7 million ALPINE were in circulation out of a 40 million maximum supply, which meant a thin float amplified the surge.

At the same time, on-chain data showed just 5,721 holders of ALPINE. That limited base concentrated flows into fewer hands. Several of the largest wallets were labeled as exchange addresses, reinforcing the idea that liquidity shock could move the token faster than more distributed assets.

Alpine Price Levels and Market Context

TradingView charts of the ALPINE/USDT pair on Binance captured the vertical leg from $2 through $4 and $6, followed by a pullback toward $5. 

The rally came after a 76-day stretch in which Alpine had already gained more than 875%, climbing from $0.57 in July to late-September highs above $5.60.

The all-time high for Alpine, recorded in March 2022, remains $11.48, leaving technical room above if momentum persists. But traders note that moves with volume ratios this high often retrace as speculative interest cools.

Risks Behind ALPINE Price Rally

Alpine’s supply structure also contributed to volatility. With less than half the max supply unlocked, any future release of tokens could add sell pressure. On-chain distribution showed a high concentration of supply in a handful of wallets, raising the chance of large-holder influence over short-term price action. 

Market analysts added that fan tokens often trade around event-driven narratives. Evening Trader Group noted that similar rallies in sports-linked tokens tend to appear just before major announcements, with centralized holdings amplifying volatility.