Binance Margin Rule Changes Lead to Crypto Market Volatility

Binance’s recent update on leverage and margin levels has triggered significant volatility in the cryptocurrency market, resulting in sudden liquidations and sharp price drops across various crypto assets. Notably, Solana-based memecoin ACT saw a more than 50% decline following this change. Reports indicate that other major cryptocurrencies traded on Binance also experienced substantial losses, with DEXE and DF dropping by approximately 23% and 16% respectively. The rapid sell-offs are attributed to the large sell orders triggered in response to the margin rule adjustments.