TechFlow, April 1 - According to on-chain analyst Lookonchain (@lookonchain), Binance recently updated the leverage and margin tiers for multiple tokens including ACT, causing a whale's position to be forcibly liquidated. The whale's address was liquidated when ACT was priced at $0.1877, resulting in a loss of up to $3.79 million.
Following this, the price of ACT token plunged over 50%, intensifying market volatility.
Investors should closely monitor exchange policy adjustments and carefully manage their leverage risks.
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