Several tokens experienced a sudden crash on Binance. The causes could be related to a glitch in a market making bot or changes to the rules on derivatives.

-making bot error or misconfigured automated strategy for tokens on Binance?

Several tokens on Binance have experienced a sudden crash this morning, with some prices halving within minutes.

Several tokens on Binance have experienced a sudden crash this morning, with some prices halving within minutes.

The causes could be related to a glitch in a market making bot or changes to the rules on derivatives.

Some tokens on Binance have experienced a sudden and synchronized drop this morning, shortly after 11:00 UTC, without apparent reasons.

The price of Act I, the Prophecy (ACT) fell by 50%, followed by DeXe (DEXE) with -30% and dForce (DF) with about -20%.

Also other minor tokens such as:

* AnChain Tokens (ANT)

* KAVA

* and Arise (ARISE)

have shown strong declines within a few minutes.

Many observers suspect a malfunction of a trading bot, which would have triggered massive uncontrolled sales, generating a market imbalance between derivatives and spot.

The founder of DWF Labs, Andrei Grachev, commented on X:

“Has someone been hacked or banned? Otherwise, I can’t explain the dump on such disconnected assets.”

The possible trigger: an update from Binance

At 10:30 UTC, Binance announced changes to the leverage and margin requirements for perpetual contracts on several pairs, including ACT/USDT. The announcement specified that the new rules would also apply to existing positions.

According to some analysts, this could have:

A pseudonymous user on X, Game, explained:

“The update hit the perpetual, but it also sent the spot into a panic. Those who had connected positions began to close them quickly, amplifying the crash.”

The phenomenon has spread beyond Binance, with similar movements recorded on:

* Bittrex

* Gate.io