Binance Update Triggers $3.79M Liquidation in $ACT

A Binance leverage change led to a $3.79M $ACT whale liquidation, causing the token to crash over 50%.

  • Binance adjusted leverage and margin tiers for $ACT
  • A whale was liquidated for $3.79M at $0.1877
  • $ACT price dropped over 50% after the event

Binance recently adjusted the leverage and margin tiers for several tokens, including $ACT. While these changes aim to manage market risk, they had unintended consequences for some traders — especially large holders.

Shortly after the update, a whale holding a significant amount of $ACT was liquidated at the price of $0.1877. The position was worth a staggering $3.79 million. This liquidation sparked panic across the market, triggering a sharp sell-off.

$ACT Plunges Over 50%

The immediate aftermath of the liquidation saw a rapid decline in the price of $ACT. Within a short period, the token lost more than 50% of its value, putting smaller investors and late buyers at risk of heavy losses.

This kind of volatility isn’t uncommon in the crypto world, especially when major exchanges like Binance make structural changes. Adjustments in margin and leverage tiers can lead to a domino effect — particularly when large leveraged positions are in play.

Risk Management Becomes Crucial

Events like this highlight the importance of risk management, especially when trading with leverage. While the allure of high returns is tempting, sudden changes from exchanges or volatile price movements can lead to massive losses in seconds.

For Binance, the update may have been routine. But for traders using high leverage, especially whales with millions at stake, the impact was anything but.

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Disclaimer: The content on CoinoMedia is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments carry risks, and readers should conduct their own research before making any decisions. CoinoMedia is not responsible for any losses or actions taken based on the information provided.

Aurelien Sage

Aurelien Sage is a blockchain enthusiast and writer, crafting insightful articles on decentralized technologies, Web3, and the future of finance. His work simplifies complex concepts, empowering readers to navigate the evolving crypto landscape with confidence.

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