Oh, the comedy of errors that is the Binance April Fool’s debacle! π Imagine, if you will, a world turned upside down by a jest gone awry, where the very fabric of the crypto market trembles like a leaf in the wind. The once mighty Act I The AI Prophecy (ACT) has plummeted, a fall from grace so dramatic it’d make Icarus blush, now trading at a paltry $0.06987. And all this, amidst the Western markets’ opening yawn. π
But wait, there’s more! A carnival of declines, where tokens like DEXE, KAVA, HIPPO, TST, LUMIA, and QUICK play the role of the tragic heroes, each dropping over50 percent. A veritable symphony of liquidations, as Binance, in its infinite wisdom, decided to tinker with leverage limits. Market makers, akin to Wintermute, found themselves in a forced dance of liquidation. πΊπΈ
Binance’s Mea Culpa?
In the wake of this April Fool’s fiasco, the cry for a Binance boycott reverberates across the digital plains. The hashtag #BoycottBinance trends on the X platform, a digital uprising of sorts. Crypto enthusiasts, once loyal subjects, now brandish their virtual pitchforks, demanding accountability. π
Friends, I’ve bid adieu to #Binance, for they’ve turned the market into a puppet show. Coins filled and emptied like mere playthings! This exchange ought to face the music.
Let’s unite and…
β DXC Foundation (@Dxc_Foundation) April1,2025
Enter Evgeny Gaevoy, Wintermute’s maestro, who spins a tale of arbitrage gone awry, not some nefarious scheme. Meanwhile, Yi He, Binance’s own, hints at a tangled web involving another player, adding layers to this already complex farce. Memecoins, the jesters of the crypto court, bear the brunt, their laughter turned to tears. π’
And lo, the accusations fly! Binance, once heralded, now stands accused of chasing profits over purpose, volume over virtue. π€
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2025-04-02 10:39