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On Tuesday morning, many altcoins were subjected to 50 % on the global Binance encryption, which caused confusion among investors. Many members of the community shared the theories of the accident, with speculation that the recent amendments within the limits of the stock exchange may be responsible.
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Altcoins see Q2 Opening Binance
Altcoins has seen a strange start to Q2 after its price was launched on Binance on Tuesday morning. A stimulant encryption community raised after the Solana -based Solana ACA (AC) decreased to less than an hour in less than an hour.
The cryptocurrency, which was one day, has moved 722 million dollars, has moved sideways to most March, as it hovers between the price of $ 0.18 to $ 0.19 until today. In 30 minutes, ACT was shattered by a 0.189 dollar sign to the level of $ 0.087, recording a decrease of 53 %.
Likewise, Dexe, Kava, DF, Hippo, Banas31, Lumia, TST and Quick also recorded a sudden decrease in prices, losing between 10 % and 35 % of its value in one hour.
Act team Recognized The accident, saying: “Dear business community, we want to assure you that we are fully aware of the current situation. Our team is achieving actively and working cooperatively with all the relevant parties to address this matter.” The post also indicated that they started developing a response plan alongside their trusted partners.
Altco Sherpa analyst Proposal It seems that the prices are most likely to reaction, but he indicated that “PPL may realize that they really don't want to keep this currency and this is presented as a forced re -balance. No one is buying. No one sells.”
No joke April is a lie
With the publication of Binance about a different joke from April Fool, investors began to speculate the cause of sudden bleeding, with some joke that the joke went very far. The encryption community guessed that Wintermute was responsible for the altcoin massacre, as it was reported that he had liquidated many of its positions today.
However, the CEO of trading company, Evgeny Gaevoy, to reject Rumors, saying, “We are not FWIW, but also my curiosity about this death.”
Meanwhile, Lokonchain suggested that the last update of Binance for the leverage and margin on many Altcoins, including ACT, could be the cause of the distinctive code crash.
Six hours later, Binance customer support to the Wu Blockchain report, Detection The reason for unloading is that three pre -VIP users worth $ 514,000 in the instant market and a non -VIP user transfer a large amount of work from other platforms and sold at a value of $ 540,000 of the distinctive code in a short period.
As a result, the price of Cryptocurrency decreased, prompting some users to close their future contracts, leading to other ALTCOINS. The encryption exchange indicated that they recently took a “initiative to take preventive measures to control the complications of the leverage down.”
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Binance Contracts recently released successive Actusdt Perpetual contract, which there was no movement in the market and then any active reduction in the position of any user, “
Binance added that he will continue to investigate the accident and update the relevant details if there was any news, and concluded that the encryption market was recently volatile and asking investors to be careful.
Distinctive photo of Unsplash.com, Chart from Tradingview.com