The platform has issued a notice regarding $ACT . The content is roughly as follows: Four individuals jointly sold tokens worth 2 million U, which directly caused the market value of the token to evaporate by 70 million. At the same time, the contract holdings faced a liquidation of 80 million.
Binance has stated that due to the token being fully circulated, they cannot intervene in the selling behavior. This clearly appears to be a premeditated hunting operation targeting the bulls. By merely selling 2 million tokens, they successfully exchanged it for a profit of over 80 million from the liquidation of the bulls. This is essentially a realization of 40 times profit in an instant; anyone would likely be tempted to take action, especially since all of this was conducted within a compliant, reasonable, and legal framework.
Whenever I engage in any trading, I always set a mandatory stop-loss point to control risk. But then again, if one really encounters extreme market fluctuations, such as a flash crash, can one truly escape unscathed?
Recently, I've mainly been sharing information internally, so those I've met should pay more attention.
