Several tokens cratered as much as 50% within 30 minutes of Crypto Exchange Binance on Tuesday, with market -clads wondering if a wrong configured trade bot could have caused the fall.

ACT I, the prophecy (ACT) dropped 50%, Dexe (Dexe) dropped 30%, and DFORCE (DF) fell almost 20%within minutes of 1100 UTC on Tuesday, Binance data shows without immediate catalyst or explanation behind the sudden fall.

The drop led to the fact that $ 6.28 million was liquidated on ACT-Tracked Futures across exchanges Coinglass data shows, with a single trader hit with a liquidation of $ 3.2 million.

Meanwhile, Hippo, Banana31, TST and Lumia similar falls shortly after 1100 UTC, but not as big as ACT, with dips in some tokens like Kava, which was quickly purchased by fast -fingered dealers.

Tokens are not related or in the same sector. Data showed an increase in selling quantities at about the same time, without no other symbols of binance so similar spikes in the sale of quantities.

The scene of volatility was probably set by Binance’s announcement at. 10:30 AM, which introduced changes in leverage requirements and margin levels for eternal contracts for multiple symbols, including ACT/USDT.

The message said the new rules will apply to existing positions. It probably spurred position adjustments by shopping with bots, which led to award volatility in Eternal, which quickly wasted over to see prices.

The cascade spread over to other exchanges, with these tokens down equivalent amounts on other centralized exchanges as well as on decentralized exchanges.

Early reactions to x ranged from surprise to speculation about a market -making bot that may cause falls due to an incorrect configuration of how they act, though Coindesk could not independently confirm the claims from writing time.

“Seems someone has been hacked or banned or IDK,” said Andrei Grachev, founder at DWF Labs on X. “Otherwise I can’t explain why for many non -related assets are dumped.”

“Although the update was on the Perps, the influence that was wasted to the site. Traders using cross-cutting margin setups or running ARB strategies were probably forced to relax both sides. Panic from the Perp Caskic also spread, algae and discretionary players started leaving the place just to stay in front of the move,” Pseudonymous’s observer play in an X-Ink.

Update (April 1, 12:00 ADC): Adds additional details and background.

Update (April 1, 12:18 UTC): Adds details about binance -shifting gearing requirements.