Wintermute’s Sell-Off Tanks ACT and Other Meme Coins, Binance Allegedly Involved

Market maker Wintermute sold off huge quantities of ACT and other BNB meme coins on April 1, tanking their prices by as much as 50%. Wintermute CEO denied intentionally selling these assets and started re-buying them. Community sleuths believe that Binance is to blame, quietly lowering the leverage position limit for ACT and other tokens. This incident may cause further mistrust and uncertainty in a shaky meme coin market source: https://beincrypto.com/wintermute-act-binance-meme-bnb-selloff/