The main reason for the sharp decline of ACT and other Meme coins has been exposed: the adjustment of Binance contract rules has triggered a chain reaction occupy http://BlockCred.AI Lianchuang @ CnmdRain analyzed that the recent sharp decline in Meme coins such as ACT was not caused by Wintermute's abandonment, but by Binance adjusting the upper limit of contract holdings and leverage ratios, triggering a chain reaction. Market makers were forced to close multiple positions due to high leverage restrictions, causing contract prices to fall. Arbitrage robots amplified the price difference, leading to a sharp increase in selling pressure in the spot market, ultimately triggering a double kill and market panic in both the spot and contract markets.