The AI Prophecy $ACT experienced a significant price drop, plunging approximately 58% from $0.19 to $0.08 within an hour. This decline resulted in a market capitalization loss of around $96 million.

The sharp decrease in ACT's value has been linked to Binance's recent update to its leverage and margin tiers for several tokens, including ACT. This adjustment led to the liquidation of a significant position worth $3.79 million at a price of $0.1877 per ACT token.

In response to the abrupt price movement, the $ACT team has initiated an investigation to understand the underlying causes and address potential issues.

As $ACT is trading at approximately $0.080584 USD, reflecting a slight intraday increase of about 14% from the previous close.