The multiple altcoins on April Fools is disrupted, Crypto Market has a fixed – Tradingview News

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 related to the project that focuses on 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 data from CoinMarketcap.

The acute decrease from ACT with a noticeable red movement came in the Altcoin market, with memecoins such as Suding (HipPo), Dog’s Dog (Broccoli), Kishu Inu (Kishu), Dexe (Dexe), DFORCE (DF) and more visible in prices.

The broader encryption market did not interact negatively with pancuin market btcusd It 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 the relevant parties to address this issue,” she wrote the law that I wrote, adding that it 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.

“The Binance updated the levels of leverage and the margin on the symbols such as ACT – and the whale hot was ranked by $ 3.79 million at a price of $ 0.1877,” Loconchin said in the X Publishing.

According to Binance Blog, its derivative platform, Binance Futures, has been updated to leverage levels and margin for couples like ACT against Tether USDT (USDT) at 10:30 World time.

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 to have liquidated many Altcoin sites 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.

Davi Kadic commented: “MMS is not only limited to their own books for fun. Either it is a penetration, insolvency, or someone who gets a margin called heavily.”

Some also speculated about the winter reaction with Stablecoin USD1 by the Donald Trump associated with World Liberty Financial.

“Being a major deal for them, they make fun of all the assets that may be incompatible or inconsistent in the direction of the new brand taken by an institutional player,” the X.

The co -founder and CEO of Wintermute Evjini Givwe denied the company’s participation in the Altcoin massacre on April 1 in social media exchange with ILIKEBLOCKS from the X.

“Not [for what it’s worth]”

ILIKEBLOCKS later published to express their initial claims about Wintermute.

They added: “They make the markets better for all of us and compared to their competitor, they are in fact not this shade.”

Cointelegraph is approaching Wintermute to comment on the market’s procedure but he did not receive a response by publishing time.