🕵️ #ACT #BNB Binance’s initial probe into the ACT price drop revealed that three VIP users sold ACT worth ~514,000 USDT, while a non-VIP user dumped ~540,000 USDT of ACT on the spot market. This sparked futures liquidations and dragged down other low-cap tokens.
No major profiteers have been identified yet. As ACT is fully circulating, Binance can’t control sales but is still investigating. Leverage on ACTUSDT futures has been reduced to curb risks.
Market Hit: ACT crashed ~60%, with #DF, #UFT, #HIPPO, #LUMIA, #QUICK, and #HMSTR dropping ~40%.
