Sharp decline in alternative currency prices on Binance.

📌 Some alternative currencies on the Binance platform experienced a sudden drop, with the ACT (Act 1 The Prophecy) currency losing nearly 50% of its value in just a few minutes.

❌ Key points:

✅ Notable decline: Currencies like DeXe (DEXE) and dForce (DF) decreased by between 20% and 50%.

✅ Reasons for the decline: The collapse of ACT may be linked to Binance's adjustments to the margin of perpetual contracts, leading to unexpected pressure on market maker positions.

✅ Market movements: According to sources, automated trading robots may have liquidated other tokens as a hedge against their losses.

✅ Additional data: OnchainData Nerd reported that the market maker Wintermute sold a large amount of ACT tokens in early April.

✅ Currency background:

〰 ACT was one of the key players in the spread of meme-based AI currencies on the Solana platform, peaking in market value at over 890 million dollars, but it has now declined by over 85% to around 95 million dollars.

🔴 What do you think is the reason ❗️