Crypto crash: spectacular drops on Binance

On April 1, 2025, several altcoins lost up to 50% of their value within minutes on Binance. ACT, DEXE, and DF are among the most affected crypto assets.

April 1, 2025, saw several altcoins lose up to 50% of their value within minutes on Binance. ACT, DEXE, and DF are among the most affected crypto assets. The causes remain unclear. Nevertheless, marginal adjustments and the actions of market makers seem to be responsible.

This crash occurred despite a generally rising cryptocurrency market. Enough to fuel questions about its causes! According to data, crypto assets ACT, DEXE, and DF recorded losses of 20 to 50% within a few minutes. ACT, in particular, lost 50% of its value.

The marginal adjustments made by the crypto exchange Binance could be a key explanation. The platform has indeed modified the margins for several perpetual contracts, including that of ACT. According to cryptocurrency experts, these adjustments may have created a leverage effect. This triggered automatic liquidations of positions. Hence the drop in the token.

According to data from Arkham, a major market maker known as Wintermute allegedly sold a large quantity of ACT tokens on the same day. This favored the drop in the price of this crypto asset.

Indeed, this kind of action is likely to create a squeeze. This results in massive selling which amplifies the price decline even further.

Among the most affected crypto assets, we also find DEXE, an airdropped governance token for the DeFi ecosystem. According to data, the token lost 30% of its value in a few minutes.

As for DF, it is an emerging crypto asset focused on the decentralized DNS sector. It is used to manage and resolve domain names on the blockchain.

The rapid crash of several altcoins on April 1 sparked reactions among members of the cryptocurrency community. Some expressed surprise at the speed and magnitude of the price drops.

According to cryptocurrency experts, the actions of market makers and the adjustments made by crypto exchanges can have a significant impact on token prices, especially in a highly leveraged market. These adjustments may have contributed to the rapid price changes observed.

However, it is important to note that the crypto market is constantly evolving and that the causes of such crashes are often multifaceted and can be subject to interpretation.