News: Binance's official account @BinanceHelpDesk responded on the X platform, stating that the incident was primarily caused by three VIP users collectively selling tokens worth approximately $514,000 in the spot market, and a non-VIP user transferring and quickly selling ACT tokens worth $540,000 from an external platform. These selling actions triggered partial forced liquidation of futures contracts and caused a market chain reaction. Binance stated that after investigation, no single account was found to have gained significant profits from this event. Since the related tokens are fully circulating in the secondary market, the platform cannot intervene in normal market trading behaviors. To prevent risks, Binance has proactively reduced the leverage multiple of ACT/USDT perpetual contracts and emphasized that it will continue to improve market liquidity through market maker programs. Previously, ACT's 50% flash crash had sparked community discussion.