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🚨 Binance Responds to Act I Coin ($ACT) Price Drop: Investigation Underway 🚨
On April 1, 2025, the cryptocurrency community witnessed a shocking price drop in Act I Coin ($ACT) and several other altcoins on Binance, with ACT plunging 58% within an hour ⏳📉. Now, Binance has issued an official statement explaining the cause of the sudden market movement.
🔍 What Happened?
According to Binance, the sharp decline was triggered by:
👉 Massive Spot Market Sales – Four accounts executed significant sell orders within a short timeframe. 💰📤
👉 Large Transactions – Three VIP users sold approximately $514,000 worth of various altcoins, while a non-VIP user transferred ACT from another exchange and sold $540,000 worth on Binance. 🏦📊
👉 Chain Reaction – These sales caused futures liquidations, triggering even more sell-offs and affecting low-market-cap tokens. ⚠️📉
🏦 Binance’s Response
🔹 No Signs of Manipulation – Binance stated that no single account made significant profits from the event. ❌💸
🔹 Hands-Off Approach – Since these tokens are fully circulating in the secondary market, Binance cannot interfere with user trading activity. 🙅♂️⚖️
🔹 Risk Management Adjustments – Binance has adjusted leverage and margin tiers for ACT and other affected tokens to stabilize the market. ⚙️📏
🔥 $ACT Team Speaks Out
The Act I Coin development team has also addressed the situation, stating:
“We are fully aware of the current circumstances and are actively investigating in collaboration with relevant parties. We have begun developing a response plan alongside our trusted partners and will provide updates as soon as possible.” 🛠️🔬
⚠️ What’s Next for Traders?
💡 Stay Informed – Follow official Binance and ACT updates. 📢
📉 Be Cautious – Cryptocurrency markets can be highly volatile. Manage your risks wisely. 🤔📊
📈 Possible Recovery? – If confidence returns, ACT may regain stability over time. ⏳💪
While Binance continues to monitor the situation, traders are urged to exercise caution and proper risk management. Stay tuned for further updates! 🚀🔥
#ACT #WhaleMovements #Alpha2.0ProjectEvaluation #Saylor500KClub
🔍 What Happened?
According to Binance, the sharp decline was triggered by:
👉 Massive Spot Market Sales – Four accounts executed significant sell orders within a short timeframe. 💰📤
👉 Large Transactions – Three VIP users sold approximately $514,000 worth of various altcoins, while a non-VIP user transferred ACT from another exchange and sold $540,000 worth on Binance. 🏦📊
👉 Chain Reaction – These sales caused futures liquidations, triggering even more sell-offs and affecting low-market-cap tokens. ⚠️📉
🏦 Binance’s Response
🔹 No Signs of Manipulation – Binance stated that no single account made significant profits from the event. ❌💸
🔹 Hands-Off Approach – Since these tokens are fully circulating in the secondary market, Binance cannot interfere with user trading activity. 🙅♂️⚖️
🔹 Risk Management Adjustments – Binance has adjusted leverage and margin tiers for ACT and other affected tokens to stabilize the market. ⚙️📏
🔥 $ACT Team Speaks Out
The Act I Coin development team has also addressed the situation, stating:
“We are fully aware of the current circumstances and are actively investigating in collaboration with relevant parties. We have begun developing a response plan alongside our trusted partners and will provide updates as soon as possible.” 🛠️🔬
⚠️ What’s Next for Traders?
💡 Stay Informed – Follow official Binance and ACT updates. 📢
📉 Be Cautious – Cryptocurrency markets can be highly volatile. Manage your risks wisely. 🤔📊
📈 Possible Recovery? – If confidence returns, ACT may regain stability over time. ⏳💪
While Binance continues to monitor the situation, traders are urged to exercise caution and proper risk management. Stay tuned for further updates! 🚀🔥
#ACT #WhaleMovements #Alpha2.0ProjectEvaluation #Saylor500KClub
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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