🔥 Trading bot incident? A series of tokens plummeted 50% in just 30 minutes on Binance
📉 On April 1, 2025, a series of tokens on Binance suddenly dropped sharply by 50% in just 30 minutes, causing shockwaves in the market.
📌 What happened?
Data from Binance recorded:
🚨 Act I, The AI Prophecy (ACT): -50%
🚨 DeXe (DEXE): -30%
🚨 dForce (DF): -20%
⏰ Time of the incident: Started around 18:00 VN and occurred extremely quickly.
💥 Other tokens like HIPPO, BANANA31, TST, LUMIA also dropped sharply, but not as deeply as ACT.
🧐 Noteworthy points:
There was no negative news or major events occurring beforehand.
The affected tokens are unrelated, raising suspicions about a trading bot error or market maker algorithm.
Not only Binance, other CEX and DEX exchanges were similarly affected.
💡 What could be the cause?
👀 Hypothesis 1: Trading bot malfunction?
Some experts believe that the market-making bot malfunctioned, executing mass sell orders out of control.
Previously, there have been trading bot incidents causing flash crashes on major exchanges.
⚡ Hypothesis 2: Large position liquidations?
Some funds or whales may have been liquidated, triggering a domino effect across the market.
📊 Hypothesis 3: Technical error from Binance?
Binance has not confirmed the incident, but the fact that only certain tokens were affected may indicate an issue related to the trading system.
🚀 What will happen next?
🔎 Investors are waiting for Binance to speak out about this incident.
💰 Some quick traders have bought back the sharply dropped tokens in hopes of a recovery.
⚠️ This event serves as a warning about the dangers of algorithmic trading and unexpected volatility in the crypto market.
