According to Golden Finance, Binance responded to the plunge of some Meme coins yesterday, including ACT and other Meme coins, saying, "After preliminary investigation, we found that some small-cap tokens experienced a series of declines, including three VIP users cross-selling tokens of about 514,000 USDT in the spot market in a short period of time, and one non-VIP user transferred from other platforms to large ACT, and sold tokens of 540,000 USDT in the spot market in a short period of time. When the price fell, some users closed their futures contracts, and other tokens fell. No single account with large profits has been found. Since the tokens are already all circulated in the secondary market, the platform cannot interfere with any user's selling behavior. We will continue to investigate this incident, and if there is any update, Binance will further synchronize relevant details. ”