Solana Meme Coin Act I:aiThe prophecy (bill) crashed 55% in less than an hour as millions of dollars worth of used cars were liquidated for millions of dollars. This led to a campaign across social media to stop using the hashtag's popular focused communication #boycottbinance.

Traders perceive these liquidations as changing their leverage and margin layers after the exchange. In short, Binance has increased the number of collateral traders needed to maintain leveraged positions for both long and short periods. Users who did not adjust their margin accordingly saw that their account was liquidated.

In the hour following the change, according to the small shop, more than $389,000 worth of ACT positions were liquidated at the second-hand box office due to a 55% drop in the token, most of which were long-term contracts – causing a flurry of liquidations on other exchanges, including $785,540 on Bybit and $612,600 on OKX. According to the time of 24 hoursDEXScreener, ACT fell from $179.4 million in market capitalization to 66% to $60.5 million.

Later Binance claimed in a blog post that the drop was caused by the sale of about $1,0150,000 on the exchange by four users, adding that it is opening an investigation into the incident.

"We understand the ACT community's concern about today's unforeseen price action and would like to clarify that these market shifts are beyond our control." Publication. "We will issue an autopsy report as soon as the situation in the resolution we are working on and finality are finalized."

As the coin plummeted, market makers were caught in the winter when traders saw it sell bills in the chaos. Specifically, the company has four sales publicspurseatSolanaDecentralized exchange rays, totaling $255,503. But this was followed up 15 minutes later, with three purchases of $377,656 in ACT through Binance.

Evgeny Gaevo, founder and CEO of Wintermute, tolddecrypt  This is a "basic arbitrage" move taken by its algorithm to automatically sell when buying a second-hand body. Gaevoy describes an arbitrage strategy that takes advantage of the behavioral price difference between two liquidity pools. Wintermute effectively balanced the pool by selling tokens in more expensive pools and buying tokens in cheaper pools.

At the same time, #boycottbinance开始遍及社交媒体, as traders found many other meme coins in exchanges that also crashed, includingSUIThe base token, SUDG (Hippo), dropped by 36.5% in an hour.

"If the entire space collectively stopped using Binance, they would no longer be the absolute horror of the industry, crypto carpet chewing published on X." All they do is list scams, and despite their market share, they're no better than any other rotten CEX. Stop giving them your money, they quickly become irrelevant. ”

Binance is the largest centralized exchange in the industry, with a market share of 34.7% in December. Coingecko reports,Crypto.com ranked second with only 11.2%. Based on the last 24 hours, Binance has processed the most trading volume in the last 24 hours, processing at a price of more than $16.3 billion, and the recent uproar hasn't changed much.CoinMarketCap, while Bebit only came in second with $2.4 billion.

Another pseudonymous chain detective, deprived of sex, emphasized,In 2025Most binary lists are currently red, with an average loss of 44%. A similar digital dune dashboard can be seen through A. Some traders believe that this is because the exchange only lists "scams" instead of focusing on legitimate projects.

ACT, listed by Binance in November, sent the token soaring by more than 2,000% in 10 hours, from a market cap of just $21 million to about $460 million. This is the original creator of the Web2 ACT fundraising project, known as amp, which is condemned to crypto tokens. In fact, they still call the project a "scam" to this day.

"I hereby announce my personal decision to boycott Binance," said a user under the pseudonym X, in response to the recent controversy. "I have withdrawn all assets from the platform and will no longer have any trading activity on binary."

When the pressure is installed on the exchange,BNB(BNB), the native token Binance Smart Chain, despite a 2.5% drop in the last 24 hours, Vaneck filed in order to create a BNB ETF on Tuesday.

Binance did not responddecryptRequest a comment.

Edited by Stacy Elliott.