Binance Customer Support provided insights into the recent price drops across various altcoins on its platform. A preliminary investigation revealed that a series of rapid sell-offs by small market cap tokens contributed to the instability. Three VIP users initiated cross-sales totaling $514,000 worth of tokens in the spot market within a short timeframe, followed by one non-VIP user transferring a substantial amount of ACT and subsequently selling $540,000 worth of tokens on the spot market shortly after. These transactions triggered cascading liquidations as prices dropped further. Binance has yet to identify any single account that profited significantly from this incident. As these tokens are already fully circulated on secondary markets, they can’t intervene in user selling activities. Binance will continue its investigation and provide updates as they become available. Furthermore, Binance regularly adjusts leverage limits based on trading pairs’ liquidity, market sentiment, and volume. Notably, the recent adjustments to ACTUSDT perpetual contracts did not trigger any unusual market behavior, with Binance refraining from forcefully reducing user positions during this period.