Binance Reveals Cause of ACT Token Price Drop Following VIP User Sales

Binance has clarified the sudden price drop of the ACT token, attributing it to sales made by three high-volume users. The exchange noted that these transactions resulted in substantial market volume and triggered liquidation of some positions in futures markets. 514,000 USDT worth of ACT tokens were sold on Binance’s spot market, followed by a separate transaction of 540,000 USDT by another user.