ACT Token Plunges 50% After Binance Margin Update and Market Maker Sell-Off

The cryptocurrency market experienced another dramatic shakeup as the ACT token plummeted almost 50% in a single day. The decline followed Binance’s announcement of significant margin rate reductions for various tokens, including ACT. This triggered forced liquidations, panic selling, and aggressive sell-offs by market makers, leading to the drastic price drop. The details were reported on Twitter by Lookonchain. [Note: please replace with a relevant source link]