Binance Altcoin Crash: Sudden Sell Orders and Unusual Whale Activity Spark Fears

On April 1, 2025, several altcoins on Binance experienced abrupt and severe price drops. The ACT/USDT pair plunged more than 50% within minutes, while DEXE/USDT and DF/USDT saw declines of 23% and 16% respectively, triggered by simultaneous large-scale sell orders. An emerging theory suggests these drops may be connected to manipulative actions on the decentralized exchange Hyperliquid, where unknown whales reportedly opened large short positions in a low-cap altcoin, JELLYJELLY, attempting to induce liquidations. Although no official statement has been released by either exchange, the incident has raised concerns about potential market manipulation and its implications for altcoin trading stability.