Binance Leverage Changes Trigger 70% Altcoin Drop – ACT Team Explains

A significant drop of over 70% was experienced by several altcoins listed on Binance, leaving investors feeling the effects. While the sudden price decline remains a major topic in the market, the ACT team, known for its meme-based Solana (SOL) token, has released an official statement offering insights into the event. The statement attributed the drop to changes in Binance’s leverage and margin settings implemented on March 31 and April 1st.