$ACT
update from binannce.
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Binance Announcement
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Preliminary Investigation into Price Volatility of Low Market Cap Tokens
This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
A preliminary investigation has found that:
Three VIP users sold ACT token worth approximately 514,000 USDT on the Binance spot market, A non-VIP user transferred a large amount of ACT into their account and then sold approximately 540,000 USDT worth of ACT on the Binance spot market.
The ACT price drops resulted in liquidation of some users' futures positions and led to declines in other low market cap tokens as well. We are currently conducting further investigation on reasons for the other token declines. So far, we have not identified any single account which made significant profits from this incident. As the ACT token’s supply is already fully circulating on the secondary market, Binance cannot restrict or intervene in users' selling behaviors. However, please rest assured that we will continue to investigate this incident, and will provide further updates if there are any new developments.
Binance regularly adjusts the leverage levels of all futures trading pairs based on liquidity, market sentiment, and trading volume. To proactively prevent potential volatility and risks, we have taken precautionary measures to lower the leverage of ACTUSDT USDⓈ-M perpetual contract and there were no market anomalies during the adjustments.
Call for Market Makers
Market makers are an important part of the ecosystem, and Binance provides a comprehensive market maker program to incentivize more market makers to join Binance and enhance market liquidity.
Given the recent significant market volatility and to mitigate against risks for user protection, Binance will continue to adjust different pairs’ leverage based on market conditions. Binance wishes to take this opportunity to remind all users to adopt appropriate risk management measures when trading with digital assets.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-04-01
Fellow Binancians,
A preliminary investigation has found that:
Three VIP users sold ACT token worth approximately 514,000 USDT on the Binance spot market, A non-VIP user transferred a large amount of ACT into their account and then sold approximately 540,000 USDT worth of ACT on the Binance spot market.
The ACT price drops resulted in liquidation of some users' futures positions and led to declines in other low market cap tokens as well. We are currently conducting further investigation on reasons for the other token declines. So far, we have not identified any single account which made significant profits from this incident. As the ACT token’s supply is already fully circulating on the secondary market, Binance cannot restrict or intervene in users' selling behaviors. However, please rest assured that we will continue to investigate this incident, and will provide further updates if there are any new developments.
Binance regularly adjusts the leverage levels of all futures trading pairs based on liquidity, market sentiment, and trading volume. To proactively prevent potential volatility and risks, we have taken precautionary measures to lower the leverage of ACTUSDT USDⓈ-M perpetual contract and there were no market anomalies during the adjustments.
Call for Market Makers
Market makers are an important part of the ecosystem, and Binance provides a comprehensive market maker program to incentivize more market makers to join Binance and enhance market liquidity.
Given the recent significant market volatility and to mitigate against risks for user protection, Binance will continue to adjust different pairs’ leverage based on market conditions. Binance wishes to take this opportunity to remind all users to adopt appropriate risk management measures when trading with digital assets.
Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-04-01
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
DEXE
14.41
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ACT
0.0529
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