AI Prophecy price crashes 70% in 3 days after Binance leverage shake-up

The AI Prophecy memecoin has crashed over 70% in 3 days after Binance’s adjustment of the leverage and margin tiers for ACT/USDT pair had triggered liquidations and forced sell-offs. The AI Prophecy ( ACT ) continues to bleed, currently trading at $0.05, down by 24% in the past 24 hours. The crash began on April 1, as part of a broader market downturn that saw several altcoins on Binance drop between 20 – 50% in a single day. ACT saw the largest drop, crashing almost 60% from $0.19 to $0.08 in less than an hour and its market cap losing $96 million. In response, the ACT team launched an investigation to identify the cause of the crash. Yesterday, they posted an update attributing it to Binance ’s recent changes to leverage and margin tiers for multiple tokens, including ACT. Post Mortem Dear ACT Community, Over the past 24 hours, the ACT token experienced a significant and sudden price drop. We want to address the incident transparently and provide context. As you know, we are a community-driven project with no centralized leadership, and our… — Act I : The AI Prophecy (@ACTICOMMUNITY) April 2, 2025 You might also like: ACT team launches investigation into near 50% price drop on Binance On April 1, Binance reduced the maximum leverage position for ACT/USDT futures to $4.5 million and changed margin tiers, announcing the changes only 3 hours before implementation. As a result, traders who held leveraged positions on ACT were forced to reduce them, which triggered massive sell pressure. Binance’s investigation attributed the price crash to four users—three VIP traders and one non-VIP—selling a combined total of over $1 million worth of ACT on Binance spot market. The incident wiped 57 % from ACT price on April 1 alone, as the price opened at $0.19 and closed at $0.08 on that day. On April 2, ACT continued to bleed, losing further 35% and stabilizing at around $0.05. Its market cap now stands at $49.5 million, down by 94% since its zenith at $890 million. Source: crypto.news You might also like: Hyperliquid will adjust leverage limits for BTC and ETH after the recent 50X ETH liquidation event