Crypto Tokens Drop Up to 50% Within Minutes on Binance
On Tuesday, several tokens experienced sharp declines on Binance:
- Act I, the Prophecy (ACT) fell 50%
- DeXe (DEXE) dropped 30%
- dForce (DF) decreased nearly 20%
The declines occurred within 30 minutes after 1100 UTC, with no clear catalyst identified. A notable surge in selling volumes was observed, but it did not affect other tokens on Binance.
This downward trend also impacted these tokens on other centralized and decentralized exchanges. Speculation surrounds the possibility of a misconfigured trading bot causing the price drops, though this has not been confirmed.