Binance News: AI Prophecy (ACT) Crashes 70% Following Binance Leverage Adjustment

In a significant market event, the AI Prophecy memecoin (ACT) has suffered a steep decline in value due to changes implemented by Binance.

AI Prophecy (ACT) Price Crashes 70% After Binance Leverage Shake-up

The AI Prophecy memecoin (ACT) has experienced a significant price drop, crashing over 70% in three days. The decline was triggered by Binance’s adjustment of leverage and margin tiers for the ACT/USDT pair, leading to liquidations and forced sell-offs. The coin is currently trading at $0.05, down by 24% in the past 24 hours. The crash began on April 1, as part of a broader market downturn that affected several altcoins on Binance. ACT saw the largest drop, crashing almost 60% from $0.19 to $0.08 in less than an hour, and losing $96 million in market cap. The ACT team has launched an investigation and attributed the crash to Binance’s recent changes.

CZ Donates $1.2M in Crypto to Earthquake Victims

Binance founder CZ has donated 1,000 BNB ($600K) each to Myanmar and Thailand to support earthquake relief efforts. The combined $1.2 million donation aims to provide urgent aid to affected communities. This move highlights the growing role of crypto philanthropy in disaster response, offering fast and borderless support. Binance continues to use its resources to make a real-world impact in times of crisis.