<ul><li>Several altcoins, including ACT, experienced a sudden crash on Binance, with ACT dropping 50% in less than an hour.</li><li>The crash was speculated to be a result of changes in Binance's position limits and recent update of leverage and margin tiers on altcoins.</li><li>ACT's team is actively investigating the matter and working on a response plan.</li><li>The crash was triggered by three VIP users cross-selling tokens and a non-VIP user selling a large amount of ACT, causing a chain reaction in the market.</li></ul>

ACT Memecoin Crashes 50% As Several Altcoins Suddenly Tank On Binance – What’s Going On?

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