Coins Collapse! ACT’s Alarming Plummet Post Binance’s Leverage Shuffle 📉😱

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In the most astonishing display of financial acrobatics, the once lauded AI Prophecy (ACT) has tumbled with all the grace of a tipsy ballerina, shedding a staggering 70% of its value in a mere three days. The culprit? None other than the grand adjustments to leverage and margin tiers by the almighty Binance, which has sent the ACT/USDT pair spiraling into a maelstrom of liquidations and forced sales.

As if the ACT token were not already in the throes of a most undignified swoon, it now trades at the paltry sum of $0.05, a further 24% decline in the past 24 hours. This dramatic descent began on April 1, a day that will surely live in infamy, amidst a broader market fiasco that saw several altcoins on Binance take a rather unpleasant tumble between 20% to 50%. Poor ACT, however, bore the brunt of the fall, collapsing nearly 60% from $0.19 to $0.08 in less time than it takes to brew a proper cup of tea, and its market cap bid farewell to a cool $96 million.

In a desperate bid to restore order, the ACT team has launched an inquiry most vigorous, intent on uncovering the root of this sudden and most unseemly crash. And lo, an update was posted, attributing the disaster to Binance’s recent meddlings with leverage and margin tiers for an unlucky multitude of tokens, ACT among them.

Post Mortem

Dear ACT Community,

It is with a heavy heart that we must acknowledge the ACT token’s most precipitous fall from grace.
We strive to address this incident with the utmost transparency and provide the necessary context.
As you are well aware, we are a community-driven project, devoid of centralized leadership, and our…

— Act I : The AI Prophecy (@ACTICOMMUNITY) April 2, 2025

On April 1, Binance, in its infinite wisdom, saw fit to slash the maximum leverage position for ACT/USDT futures to a mere $4.5 million and altered the margin tiers with a mere three hours’ notice. Such a hasty rearrangement left traders with leveraged positions in a most precarious state, compelling them to cut their losses, which in turn unleashed a veritable flood of sell orders. The Binance inquiry has conveniently pinned the blame on four individuals—threeVIP traders and one rather unfortunate non-VIP—who collectively offloaded over $1 million worth of ACT on the Binance spot market.

The fateful day of April 1 saw ACT’s price fall by a whopping 57%, from a once noble $0.19 to a most humbling $0.08. April 2 brought no respite, as ACT continued its downward spiral, losing an additional 35% and finally stabilizing at the rather undignified price of $0.05. Its market cap now stands at a mere $49.5 million, a far cry from its zenith of $890 million, a reduction that would make even the most seasoned spendthrift blush.

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2025-04-03 11:31