Farcaster

🧵 The $ACT Token Crash 😱📉 — What Really Happened?

The Drop Heard Around Crypto 🧨

On April 1st, 2025, $ACT — the token behind Act I: The AI Prophecy — went into free fall.
Price dropped from $0.19 → $0.08 in minutes.
That’s a -58% crash. 🤯

₿itcoiner 🟧 Support anything decentralised 🟪

One Big Whale Took a Hit 🐋💀

One large $ACT holder got liquidated for a whopping $3.79M at $0.1877.
Painful.
When whales bleed, markets tremble. 🩸📉

Not Just $ACT 

It wasn’t alone.
$DEXE, $DF and other small caps tanked too — all on Binance.
Rumors swirled: trading bots gone wild? 🤖⚠️
Or too much leverage in a thin market? 🤔

Project Response 🧑‍💻📢

The ACT I team responded quickly:
They're “investigating the situation” and “in contact with partners.”
Translation: they’re trying to figure it out like the rest of us. 😬

What Triggered It? 🧮🔧

Binance updated leverage + margin tiers for multiple tokens, including $ACT.
That meant… 💥 forced liquidations.
Traders using leverage were wiped out fast.

Liquidations = sell pressure = crash. 💸