Binance Altcoin Plunges: Unclear Theory Points to Hyperliquid’s Role

A sudden drop in prices for several altcoins on Binance trading platform has sparked speculation. Data suggests the ACT/USDT, DEXE/USDT, and DF/USDT pairs experienced significant losses of over 50%, 23%, and 16% respectively within a short time frame. The declines were reportedly triggered by the simultaneous execution of large sell orders, driving up trading volumes on Binance for these affected assets.