Recently, there was more to the unexpected altcoin drop on Binance
Recently, there was more to the unexpected altcoin drop on Binance than meets the eye.
Binance was merely manipulating the market.
It all began when Binance changed the $ACT leverage position limit.
The maximum position that could be opened with 1x leverage before the adjustment was $4.5M.
Market makers didn’t have much time after the Binance change, which took less than three hours to implement.
The price fell as a result of the cascading liquidation.
Additionally, Binance provoked a flash crash by changing the leverage limit for other #alts as well.
The biggest exchange in the world, Binance, did not anticipate this.
Binance first shocked the market by listing superfluous memecoins, and now the abrupt shift in leverage.
It’s time for #Binance to come forward and repay those traders who lost their money due to Binance’s fault.
Let’s make the crypto industry safe and great again.
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