Binance released an initial report stating that four users sold $ACT tokens worth $1.05 million in the spot market, causing the $ACT price to plummet by about 50%. Among them, three were VIP users and one was a non-VIP user. This action led to the liquidation of some users' futures positions and impacted the prices of other low market cap tokens. Binance has not found any accounts that profited from this and is conducting further investigations. Due to the full circulation of $ACT, the platform is unable to restrict trading activities. To mitigate risks, the leverage on the ACTUSDT contract has been reduced. Binance reminds users to manage their risks accordingly.
#Alpha2.0ProjectEvaluation $ACT
