PANews reported on April 1 that according to the analysis of BlockCred.AI co-founder @CnmdRain, the recent plunge in Meme coins such as ACT was not caused by Wintermute's abandonment, but a chain reaction caused by Binance's adjustment of the contract position limit and leverage multiples. Market makers were forced to close long positions due to high leverage restrictions, contract prices fell, and arbitrage robots magnified the price difference, causing a sharp increase in selling pressure in the spot market, which ultimately led to a double kill in the spot and contract markets and market panic.