What to Know:
- Oh, the joy of crypto! Multiple tokens at Binance decided to take a nosedive, plummeting up to 50% in just 30 minutes. 😱
- The tokens Act I, the Prophecy (ACT), DeXe (DEXE), and dForce (DF) took a trip to the bottom of the barrel, all without any clear reason. 🤷♂️
- Some clever folks are whispering about a misbehaving trading bot, but we’re still scratching our heads. 🤔
Imagine sitting in your comfy chair, sipping your tea, and suddenly your crypto tokens decide to play a game of jump and fall. That’s exactly what happened on Binance, where several tokens tumbled as much as 50% in just 30 minutes. Market watchers are scratching their heads and wondering if a glitchy trading bot might be the culprit. 🤣
The Act I, the Prophecy (ACT) token took a 50% nosedive, DeXe (DEXE) dropped 30%, and dForce (DF) fell nearly 20% within minutes after 1100 UTC on Tuesday. No immediate reason was found to explain this sudden and dramatic plunge. 🙃
Around 18:30, multiple altcoins on Binance experienced sharp declines. ACT/USDT dropped over 49% within 30 minutes, DEXE/USDT fell more than 23%, and DF/USDT declined over 16% in the same period. The sudden dips were triggered by large sell orders executed in a short time frame,…
— Wu Blockchain (@WuBlockchain) April 1, 2025
These tokens are as unrelated as a banana, a scooter, and a singing hamster. Data showed a sudden surge in selling volumes at the same time, with no other tokens on Binance seeing similar spikes in selling volumes. Odd, isn’t it? 🤨
The ripple effect spread to other exchanges, with these tokens taking similar hits on other centralized and decentralized exchanges. It’s like the whole crypto world decided to have a synchronized swimming competition. 🏊♂️
Reactions on X ranged from surprise to wild speculations about a market-making bot gone rogue due to a misconfiguration. CoinDesk, however, couldn’t confirm these wild theories as of writing time. So, the mystery remains unsolved. 🕵️♂️
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2025-04-01 14:55