Two new Solana-based tokens, Peanut the Squirrel (PNUT) and Act I The AI Prophecy (ACT), have been listed on Binance, which has led to a significant boost in the cryptocurrency market. Following their launch, both tokens have achieved record-high prices, causing excitement within the community. PNUT reached a peak price of $1.48, with a market value of $1.48 billion, while ACT reached a high of $0.73 with a market value of $730 million.
In the past 24 hours, PNUT’s spot trading volume on Binance was $270 million, and ACT saw a spot trading volume of $754 million on Binance. The rapid price surge and high trading volumes for both tokens demonstrate the influence that a Binance Listing can have on newly launched tokens, and for investors, they reflect potential profitability.
However, it is essential to approach new tokens with caution, as price can be highly volatile in the initial days of trading.
