"DIAIProphecy(ACT) Plummets Over 53% on Binance… Cause Unknown"
Son Min
Summary
- It was reported that the DIAIProphecy(ACT) token plummeted 52.11% on Binance.
- The cause of the plunge is unclear, but the cryptocurrency community speculates sell-offs by market makers.
- Wintermute denied the malfunction allegations, and attention is focused on verifying the facts moving forward.
The decline of DIAIProphecy(ACT) token is intensifying.
As of 8:17 PM, on Binance USDT market, ACT is trading at $0.0906, down 52.11% from 24 hours ago.
The exact cause of the sharp drop has not yet been identified. However, the cryptocurrency community speculates that it is due to sell-offs by market makers.
Some suggest that a market-making bot from Wintermute malfunctioned. A well-known cryptocurrency influencer, ilikeblocks, stated on X, "One of Wintermute's market-making bots might have crashed or malfunctioned," adding, "Many small altcoins have dropped."
However, Evgeny Gaevoy, CEO of Wintermute, stated, "It's not us," drawing attention to the verification of facts in the future.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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