What Triggered the $ACT Flash Crash?

The Solana-based meme coin "Act I: The AI Prophecy" (ACT) suffered a devastating 49% crash within minutes on Binance, catching traders off guard and triggering widespread speculation throughout the cryptocurrency market. CoinGlass highlighted the sharp decline in a tweet, showing ACT/USDT plummeting from $0.19 to $0.10 in a single long candlestick, prompting them to question what was happening behind the scenes.

This dramatic price action has left investors scrambling to understand the catalyst behind such a significant market movement for a token that was only listed on Binance in November 2024.