On April 2, Binance responded to the crash of some meme coins like ACT yesterday, stating, "After preliminary investigation, we discovered a series of price drops for some small-cap tokens, including 3 VIP users cross-selling tokens worth approximately 514,000 USDT in the spot market within and a and 1 non-VIP user transferring a large amount of ACT from other platforms and selling tokens worth 540,000 USDT in the spot market within a short time. During the price decline, some users' futures contracts were liquidated, causing a decline in other tokens. Currently, no single account with significant profits.. the token is fully circulating in the secondary market, the intervuser selling behavior.. to andize details if updates. Binance will regularly adjust leverage multiples based on liquidity, market sentiment, and trading volume of all trading. To proactively prevent potential volatility and risks, we taken preventive leverage multiple reduction measures. Binance's contracts have recently issued adjustment announcements for ACTUSDT perpetcontracts,, during no which market has no abnormal movements and has not actively reduced any user's positions. Market makers are an important part of the industry ecosystem, also market maker plan market Improve. Given the recent market volatility, to ensure user asset safety and reduce trading risks, Binance will timely adjust leverage according to market conditions to avoid systemic risks in the entire trading market. Binance also reminds all users to manage corresponding risks appropriately."