On April 1, 2025, there was a significant drop in prices for a number of altcoins, causing concern among investors. This crash affected over a dozen crypto assets, with the Act I The AI Prophecy (ACT) token losing more than 50% of its value, while DeXe (DEXE) and dForce (DF) fell by 30% and 20% respectively.
This is reported by Business • Media
Causes of Market Volatility
Changes in margin requirements at Binance became the catalyst for this widespread volatility, leading to a mass sell-off of assets. This sparked outrage in the community, where some experts began to suspect that a major market maker was involved in the events.
Suspicions About Wintermute
Wintermute found itself at the center of suspicions regarding possible market manipulation. Despite this, company representatives firmly deny any allegations of wrongdoing. Experts and analysts continue to investigate the situation to uncover the real reasons behind the crash in the altcoin sector. The Incrypted team conducted a detailed investigation to clarify the circumstances of this incident.
“Wintermute may have deliberately manipulated the market or fell victim to hacking,” users note.