Community Victory: AI MEME Coin ACT to be Listed on Binance Surges Over Tenfold Following Developer Betrayal

Original Article Title: "Another Community Victory? AI MEME Coin ACT to be Listed on Binance and Skyrocket over Tenfold, Previously Faced Multiple Betrayals by Developers"

Original Article Author: Nancy, PANews

AI MEME Coin Act I: The AI Prophecy (ACT) went through multiple betrayals from the devs (deployers) and once hit rock bottom. However, it has now dramatically turned the tables. On November 11th, Binance announced the listing of ACT and gave it a seed label. This news ignited the market sentiment, causing ACT to spike over tenfold briefly, making it a dark horse among the few low-market-cap MEME coins listed on Binance this year.

DEX Screener data shows that as of the time of writing, ACT saw a daily high surge of 1445.4%, with its market cap soaring from over $20 million to a peak of $300 million, and a trading volume of over $230 million in the past 24 hours.

ACT is one of the smaller-market-cap MEME coins listed on Binance this year. According to on-chain analyst @ai_9684xtpa's publication "Binance 2024 Meme Coin Project List," it seems that Binance does not have rigid market cap requirements for the listed Memecoins, treating market caps ranging from as low as $15.49 million to as high as $881 million equally, with possibly the only commonality being community hype.

With exceptionally high returns, according to on-chain analyst @ai_9684xtpa's monitoring, a mysterious whale who previously spent 15,140.85 SOL tokens on significant holdings of PNUT, FRED, and OPK has an overall floating profit of $3.97 million. Meanwhile, as monitored by Lookonchain, a whale moved out 14,770 SOL tokens ($3.03 million) from Binance to buy PNUT and ACT, leading to significant price spikes for PNUT and ACT.

From story to mishap to turnaround, ACT is undoubtedly one of the most eventful MEME coins recently. Since the previous GOAT's skyrocketing popularity, AI MEME coins have become a focal point for market participants, with various projects vying for the "Dragon's Second" throne. Among them, ACT, as an infrastructure-focused MEME coin, was once considered a strong contender, with its price surging significantly and attracting the attention of many investors.

As previously introduced, Act I is another AI project funded by a16z co-founder Marc Andreessen, with Truth Terminal founder Andy Adyrey among its members. Pleb Capital founder Light disclosed that Act I features characteristics such as scriptless and spontaneous interaction, multi-agent dynamics, continuous and long-term observation, diverse AI participants, and real-world environments. As current AI agents are isolated at this stage, Act I will serve as crucial infrastructure for these projects to interact with humanity.

Although ACT's narrative is appealing, the journey of its development has not been smooth sailing, with the project's Dev becoming the "hidden thunder" in this story.

AMP is one of the developers of the ACT project, who once held 6% of the total project tokens. However, this developer, with the support of community funding, deceived the community multiple times for various reasons and quietly dumped all the tokens held. This untrustworthy behavior greatly damaged the community's trust in them, causing significant negative impacts on ACT's long-term development. If AMP had not sold the tokens they held, the value of those funds would now exceed $19 million.

"The reason everyone scolds amp is not whether or not they should sell, but how he repeatedly deceived the community in the way he sold, selling everything is a positive for ACT. From now on, the community only needs to focus on the idea of ACT and this decentralized research project, as well as supporting more 'AI+Crypto' projects in the future. The ACT community is no longer just based on the ACT project; it has become an 'action,' promoting the development of AI in a cryptographic community." 0xWizard, an ACT Chinese community builder, stated when AMP made the final token sale.

However, AMP's selling behavior did not have a significant impact on the community. Data from the on-chain data platform Holderscan shows that as of November 11, the number of ACT holders was close to 15,000, and today the number of holding addresses has increased by over 4,000.

0xWizard also revealed that ACT is driven by a decentralized research group, not solely owned by AMP. Whether he is involved or not does not affect the project's progress. Apart from AMP, ACT has 5 to 6 other contributors who will not hinder the project's advancement.

Regarding ACT's listing on Binance, amp's latest response stated, "I have never felt uncomfortable with ACT, but they have always used it as my brand identity without my permission. I have distributed, burned, or sold all the ACT tokens I held and hope it will not be listed on any centralized exchange (CEX) again. I am willing to help the ACT community transition to a new brand and can help other community projects build similarly excellent solutions."

It is worth noting that amp also referenced a past tweet in response, stating, "If you want to earn my loyalty, you have to earn it through action. I have emphasized multiple times: I value understanding the impact of my work and foreseeing its possible future more than money."

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