Binance Update Sparks 50% Decline For Solana Meme Coin ACT: Details

Quick Summary:

At first, pundits blamed market maker Wintermute for the jarring declines but Binance’s update to leverage and margin tiers appears to be the culprit.

A recent Binance update has triggered massive liquidations while sending Solana memecoin ACT into a steep correction.

Others turned to market maker Wintermute as the trigger for the selloff.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Aliyu Pokima

Category: Crypto

Markets: India

Topics: Altcoin News 24/7 Cryptocurrency News Binance Memecoins Binance Exchange

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-01 @ 14:37:08 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 372 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 27516331

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 38 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions