Is this statement reasonable?
According to Binance's announcement, three VIP users and one non-VIP user collectively sold more than 1.05 million USDT worth of ACT tokens in the spot market, causing a significant drop in the price of ACT, triggering some users' futures positions to be liquidated, and affecting the prices of other low market cap tokens. No accounts have been found to profit from this so far, and Binance is further investigating. Since ACT is fully circulated, the platform cannot restrict trading activities. To mitigate risks, the leverage for ACTUSDT contracts has been reduced. Binance reminds users to manage risks well. Previously, it was reported that ACT plummeted by about 50% in half an hour.
