ACT Token Surge 2000% After Binance Listing
Earlier right now, Binance listed ACT I: The AI Prophecy (ACT), a brand new meme token based mostly on the Solana blockchain, on its world change.
The itemizing rapidly grabbed consideration, and ACT’s worth shot up by 2000%, leaping from $0.019 to $0.47 inside hours with a large 16049% enhance in whole buying and selling quantity.
ACT was listed alongside one other Solana-based meme coin, Peanut the Squirrel (PNUT), which additionally noticed an increase in its worth however not as excessive as ACT. Each tokens have been marked with Binance’s “Seed Tag,” that means they’re thought of larger threat attributable to their worth volatility.
Binance warned customers to “conduct thorough analysis earlier than buying and selling ACT to keep away from scams and guarantee security of funds”
To entry the buying and selling, customers should full a quiz each 90 days to make sure they perceive the dangers concerned. Moreover, a threat warning banner will seem on buying and selling pages for tokens.
Nevertheless, attributable to regulatory measures, residents in sure areas, together with america, Canada, and the Netherlands, are restricted from buying and selling ACT.
Some merchants capitalized on the surge. Based on Lookonchain, one dealer made an unimaginable $4.77 million from the itemizing. The dealer spent a complete of two,658 SOL ($457K) to buy 17.16 million ACT between Oct. 25 and Nov. 3.
Shortly after the itemizing, the dealer bought 9.33 million ACT for 11,945 SOL ($2.48 million), locking in income. They nonetheless maintain 7.83 million ACT value $2.74 million, in response to Lookonchain.
Nevertheless, not all merchants have been so fortunate. One dealer, described as a “diamond hand,” purchased 1.9 million ACT for 509 SOL ($79,000) on Oct. 19 and held onto the tokens regardless of early losses. Two days into the itemizing, the identical person bought the 1.9 million ACT at a lack of $36,000.
Lookonchain mentioned, “Had he been extra affected person, he would have made a revenue of over $750K!”
Additionally Learn: RabBitcoin RBTC Surges Over 300% in One Day
