ALTCOINS multiple disruption on the day of April lie, the encryption market is fixed

A number of Altcoins and Memecoins witnessed a sharp sale on April 1, April 1, with some distinctive symbols, including Act I The Ai Propecy, where about 60 % decreased in minutes.

Act I The Ai Propecy (ACT), a symbol linked to the project -called artificial intelligence, decreased by 58 % from $ 0.19 to $ 0.08 in less than an hour on April 1, with a market roof of $ 96 million, According to To data from Coinmarketcap.

The sharp work drop came with prominent red work in Altcoin MarketWith mimokines like Sudindg (hippo), Check Telzel (Brocoli), Kisho Ino (Kisho), Dicks (DexDFORCE (DF) and the most vision of a significant decrease in prices.

The broader encryption market did not interact negatively with the panic in Altcoin markets, with large encrypted currencies like Bitcoin (BTCIt remains green at the time of writing this report.

I am fully aware of the situation.

The huge code in ACT did not pass without anyone noticing it on social media, as ACT I took to X to ensure its community that the project is fully aware of the current situation.

“Our team is achieving actively and working cooperatively with all relevant parties to address this matter,” the first law booksAdding that she also started developing a “response plan” with its trusted partners.

Some commentato commentato links sudden price up to the margin modernization by Binance.

Binance’s financial leverage update leads to a $ 3.8 million whale

According to data from the Blockchain Lookonchain Analysis tool, the Binance update for the leverage and the margin on the symbols such as ACT on April 1 may cause some huge references among whales.

“Binance has been updated the leverage and margin on the symbols like ACT – and a whale that was filtered for $ 3.79 million at a price of $ 0.1877,” Lookonchain He said In the X.

According to Binance Blog, its derivative platform, Binance Futures, to update To take advantage of the margin levels and margin for husbands like ACT against Tether usdt (USDT) At 10:30 World time.

Related to: Altcoin trapped exchange on “Forever Hamster Wheel” – the CEO of the river

Binance indicated that the update affected the current positions that were opened before the update, which may lead to the end of some situation.

Speculation of selling winter

Altcoin’s bleeding came amid the speculation of the community surrounding the sale by the global algorithm company Wintermute, which was reported filtering Altcoin’s multiple positions on April 1.

Some market monitors even suggested that the sale was due to penetration, while many expressed confusion about the possible reasons for the root cause of sale.