Crypto Trader Loses $3.79M After Binance's ACT Token Leverage Change

An anonymous crypto trader has incurred a significant loss of $3.79 million due to a sudden change in leverage and margin tiers for Acet (ACT) tokens implemented by the popular crypto exchange Binance. The updates, which took effect on April 1, 2025, had a profound impact on investors holding ACT tokens before the changes. The trader's loss highlights the risks associated with sudden adjustments in leverage, as those who fail to adjust their positions can face massive liquidation losses.

This incident is not an isolated case. Another investor lost nearly $2.17 million due to the ACT price crash. The value of this individual's holdings, which were worth $2.49 million months ago, had plummeted to $320,000 by the time of the report. The community views Binance's exchange update as a major mistake, as it led to a significant crash in the ACT price, resulting in major liquidations and a more than 50% drop in the token's value. The token is still down, bearing a 15% loss on the 24-hour frame, with a current trading price of $0.06137 and a market capitalization of $77.2 million.

This event underscores the importance of staying informed about market news and managing risk exposure carefully. Investors must be vigilant and make trades cautiously, especially around volatile tokens like ACT. The high volatility in the current scenario, exacerbated by external factors, further emphasizes the need for prudent trading strategies. The selling sentiments are high, as investors' confidence in the asset is declining, showcasing fearful investor sentiments.

This serves as a reminder that investors should stay informed about market news and manage their actions accordingly. More importantly, manage their risk exposure carefully. More importantly, trades should be made carefully around this token. This is because volatility is high in the current scenario, especially as the trade war escalates. Although this is a standard part of the crypto trading industry, investors must manage their risk exposure carefully. More importantly, trades should be made carefully around this token. This is because volatility is high in the current scenario, especially as the trade war escalates.