On April 1, 2025, several altcoins experienced significant price drops. Changes in margin requirements on the Binance exchange triggered widespread volatility in the market.
This is reported by Finway
Altcoins, particularly the Act I The AI Prophecy (ACT) token, lost over 50% of their value, while DeXe (DEXE) and dForce (DF) fell by 30% and 20% respectively. This situation raised concerns among market participants, and some experts speculated about the possible involvement of a major market maker in these events.
In particular, the company Wintermute, known in the cryptocurrency space, came under suspicion of market manipulation. Although representatives of Wintermute firmly denied these accusations, the situation left many questions unanswered.
“The Incrypted team investigated the situation and uncovered the true reasons behind the April Fool’s Day crash in the altcoin segment.”