- PNUT whale withdraws $6 million of ACT tokens from Binance, growing market bullish hypothesis.
- ACT has been within the highlight amid worth spikes and corrections.
- ACT is buying and selling at $0.56 after surging 2148%. The RSI means that short-term bearish momentum is easing.
Act I: The AI Prophecy (ACT) A significant Peanuts the Squirrel (PNUT) whale, ranked ninth amongst token holders, has withdrawn 10 million ACT tokens from the Binance trade. This transfer means that whales are bullish on the longer term worth trajectory of the ACT token.
Arkham Intelligence studies {that a} PNUT whale recognized as “6jtAdr…ijN8Ci” withdrew ACT10 million (equal to roughly $6.11 million) from Binance between 21:38 and 21:39 (UTC+8) on Monday. He mentioned he pulled it out. This caught the eye of the cryptocurrency neighborhood. On the time of writing, ACT is buying and selling at $0.5603, down 3% over the previous day. The present worth of the withdrawn tokens is $5,624,315.
Additionally learn: Burn Portal and integration part trace at SHIB's subsequent huge transfer
The whale deal with additionally holds roughly $12.1 million price of PNUT and $1.58 million price of Goatseus Maximus (GOAT). The overall worth of the pockets was now price $19.68 million, a lower of $191.83 million in 24 hours. The pockets holdings embody 10 million ACT, 10 million PNUT, 2 million GOAT tokens, in addition to 5 million every of OPUS and URO tokens.
ACT worth evaluation
ACT is ranked 153rd on CoinMarketCap. Its worth has elevated by 2148.15% over the previous month and reached an all-time excessive of $0.942 18 days in the past. The meme coin’s fast rise is expounded to its itemizing on Binance in early November, increasing its investor base.
The Relative Power Index (RSI) on the 4-hour chart exhibits that the bullish momentum for ACT is waning. The RSI is under 50, indicating that the bears are in management within the quick time period. This implies that worth corrections will proceed. Nevertheless, the slope of the road signifies that the downtrend could also be short-lived as bearish strain weakens.
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