标题：Story（IP）和AI预言（ACT）代币发生了大量20％的崩溃，随后反弹

故事（IP）和AI预言（ACT）代币发生了大量20％的崩溃，随后在今天早些时候反弹。

The cryptocurrency market saw a chaotic scene earlier today as Story (IP) and The AI Prophecy (ACT) token saw a 20% crash and subsequent rebound. The exact trigger is still unclear, but the pattern has been linked to high trade volumes on Binance Futures.

今天早些时候，加密货币市场将故事（IP）和AI预言（ACT）代币视为20％的崩溃和随后的反弹。确切的触发因素仍不清楚，但该模式与二元期货的贸易量相关。

This comes after MANTRA’s OM token crashed 90% yesterday, and its co-founder blamed Binance.

这是在Mantra的OM代币昨天坠毁了90％之后，其联合创始人责备Binance。

While both ACT and IP are largely unrelated token projects, they saw similar patterns of crashing and rebounding at the same time.

尽管ACT和IP都在很大程度上是无关的代币项目，但他们同时看到了类似的崩溃和反弹模式。

Both tokens saw massive drops of over 20%, which was linked to activity on Binance Futures. However, both tokens shot back up shortly after.

这两个令牌的大量下降都超过20％，这与对二元期货的活动有关。但是，两个令牌不久之后都重新射击。

At the time of writing, ACT had a 2.5% increase in the past 24 hours, while IP saw a 10.48% drop. However, over the past seven days, IP still saw a 168% growth.

在写作时，ACT在过去24小时内增加了2.5％，而IP下降了10.48％。但是，在过去的七天中，IP仍然增长了168％。

For several months now, IP has been a top-performing asset, and its sudden drop sparked fear among holders.

几个月来，IP一直是表现最佳的资产，其突然下降引发了持有人的恐惧。

However, the subsequent recovery suggested that the volatility was short-term.

但是，随后的恢复表明波动率是短期的。

According to Coinglass data, over 1.27 million ACT futures trades were executed on Binance—more than double the second-highest exchange, BingX. Binance also holds over $20.4 million in ACT futures open interest.

根据Coinglass的数据，二元公司执行了超过127万的ACT期货交易，这是Bingx第二高的交易所的两倍。 Binance还持有超过2040万美元的ACT期货开放利息。

This extreme concentration makes Binance a critical price discovery engine, especially for mid-cap tokens. When large positions are quickly liquidated—often triggered by stop-losses, margin calls, or algorithmic trading—it can create an outsized impact on underlying token prices.

这种极端的集中度使得binance成为关键的价格发现引擎，尤其是对于中型令牌。当大量职位快速清算时（通常是由停止损失，保证金电话或算法交易引发的），它可能会对基础代币价格产生巨大影响。

Futures markets now frequently surpass spot markets in volume and velocity. While this enhances liquidity, it also increases fragility. A liquidation cascade—where long positions are forcefully closed due to declining prices—can accelerate downward momentum.

期货市场现在经常超过现货市场的数量和速度。尽管这提高了流动性，但也会增加脆弱性。清算级联由于价格下降而被强行关闭的清算级联，可以加速向下势头。

Today’s synchronized drop in both IP and ACT suggests that excessive leverage and crowded positions may have triggered such a cascade on Binance.

当今的IP和ACT同步下降表明，过度的杠杆作用和拥挤的位置可能引发了这样的融资。

These moves reaffirm that token prices, particularly for emerging or mid-cap assets, are increasingly shaped by derivatives markets. As more projects are listed on futures platforms early, volatility driven by short-term positioning rather than long-term value creation is becoming the norm.

这些举动重申，令牌价格，尤其是对于新兴或中型资产的价格，越来越多地由衍生品市场塑造。随着越来越多的项目在期货平台上列出，由短期定位而不是长期价值创造驱动的波动率正在成为常态。