🚨 ACT Token Dump – Investigation Update! 🚨
A preliminary investigation has revealed key reasons behind the $ACT token price drop:
🔹 Three VIP users sold approximately 514,000 USDT worth of $ACT 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.
📉 These massive sell-offs triggered a sharp price drop, leading to liquidations in futures positions and affecting other low market cap tokens.
🔍 Binance is investigating the situation but has not found any single account making significant profits from the event. As $ACT's supply is already circulating, Binance cannot restrict or intervene in users' selling behavior.
⚠️ Stay alert and manage risks accordingly! More updates will follow as the investigation continues.
