CoinoMedia
--
Binance Update Triggers $3.79M Liquidation in $ACT
Binance adjusted leverage and margin tiers for $ACT
A whale was liquidated for $3.79M at $0.1877
$ACT price dropped over 50% after the event
Binance recently adjusted the leverage and margin tiers for several tokens, including $ACT. While these changes aim to manage market risk, they had unintended consequences for some traders — especially large holders.
Shortly after the update, a whale holding a significant amount of $ACT was liquidated at the price of $0.1877. The position was worth a staggering $3.79 million. This liquidation sparked panic across the market, triggering a sharp sell-off.
$ACT Plunges Over 50%
The immediate aftermath of the liquidation saw a rapid decline in the price of $ACT. Within a short period, the token lost more than 50% of its value, putting smaller investors and late buyers at risk of heavy losses.
This kind of volatility isn’t uncommon in the crypto world, especially when major exchanges like Binance make structural changes. Adjustments in margin and leverage tiers can lead to a domino effect — particularly when large leveraged positions are in play.
Binance updated leverage & margin tiers on tokens like $ACT — and a whale got liquidated for $3.79M at $0.1877.
Since then, the price of $ACT has plunged more than 50%.https://t.co/MT0EgNW8ib pic.twitter.com/CRuTR9bwSh
— Lookonchain (@lookonchain) April 1, 2025
Risk Management Becomes Crucial
Events like this highlight the importance of risk management, especially when trading with leverage. While the allure of high returns is tempting, sudden changes from exchanges or volatile price movements can lead to massive losses in seconds.
For Binance, the update may have been routine. But for traders using high leverage, especially whales with millions at stake, the impact was anything but.
Read Also :
Binance Update Triggers $3.79M Liquidation in $ACT
Cardano’s Leios Upgrade Promises Solana-Speed with Full Decentralization
Bitcoin Liquidations Surge as Traders Fight the Trend
Circle Files for IPO Amid Growing USDC Adoption
DeFi Stablecoin Yields Drop to Historic Lows
The post Binance Update Triggers $3.79M Liquidation in $ACT appeared first on Coinomedia.com.
A whale was liquidated for $3.79M at $0.1877
$ACT price dropped over 50% after the event
Binance recently adjusted the leverage and margin tiers for several tokens, including $ACT. While these changes aim to manage market risk, they had unintended consequences for some traders — especially large holders.
Shortly after the update, a whale holding a significant amount of $ACT was liquidated at the price of $0.1877. The position was worth a staggering $3.79 million. This liquidation sparked panic across the market, triggering a sharp sell-off.
$ACT Plunges Over 50%
The immediate aftermath of the liquidation saw a rapid decline in the price of $ACT. Within a short period, the token lost more than 50% of its value, putting smaller investors and late buyers at risk of heavy losses.
This kind of volatility isn’t uncommon in the crypto world, especially when major exchanges like Binance make structural changes. Adjustments in margin and leverage tiers can lead to a domino effect — particularly when large leveraged positions are in play.
Binance updated leverage & margin tiers on tokens like $ACT — and a whale got liquidated for $3.79M at $0.1877.
Since then, the price of $ACT has plunged more than 50%.https://t.co/MT0EgNW8ib pic.twitter.com/CRuTR9bwSh
— Lookonchain (@lookonchain) April 1, 2025
Risk Management Becomes Crucial
Events like this highlight the importance of risk management, especially when trading with leverage. While the allure of high returns is tempting, sudden changes from exchanges or volatile price movements can lead to massive losses in seconds.
For Binance, the update may have been routine. But for traders using high leverage, especially whales with millions at stake, the impact was anything but.
Read Also :
Binance Update Triggers $3.79M Liquidation in $ACT
Cardano’s Leios Upgrade Promises Solana-Speed with Full Decentralization
Bitcoin Liquidations Surge as Traders Fight the Trend
Circle Files for IPO Amid Growing USDC Adoption
DeFi Stablecoin Yields Drop to Historic Lows
The post Binance Update Triggers $3.79M Liquidation in $ACT appeared first on Coinomedia.com.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.