Original title: “Another community victory?” AI MEME Coin ACT is about to be listed on Binance and its popularity has exceeded ten times. It has been backstabbed many times by developers》
Original author: Nancy, PANews
AI MEME Coin Act I: The AI Prophecy (ACT) once fell into a trough after experiencing many backstabbings from Dev (deployer), but now it has experienced a dramatic reversal. On November 11, after Binance announced the listing of ACT and added a seed tag to it, the news ignited market sentiment and ACT soared more than ten times in a short time. This is also a dark horse among the few low-market capitalization MEME coins that Binance has listed this year.
DEX Screener data shows that as of the publication of this article, ACT’s highest intraday increase reached 1445.4%, and its market value once soared from more than 20 million US dollars to a maximum of 300 million US dollars. The trading volume in the past 24 hours exceeded 230 million US dollars.
ACT is one of the MEME coins with smaller market capitalization listed on Binance this year. According to the “Binance Inventory of Meme Coin Projects Listed in 2024” released by on-chain analyst @ai_9684xtpa, Binance does not seem to have rigid market capitalization requirements for Memecoins that are online. They treat all Memecoins equally as low as US$15.49 million and as high as US$881 million. The only commonality may be that Community popularity.
Under the ultra-high rate of return, according to monitoring by on-chain analyst @ai_9684xtpa, the overall position of the mysterious whale, which previously spent 15,140.85 SOL to heavily position PNUT, FRED, and OPK, has gained $3.97 million. At the same time, according to Lookonchain monitoring, a whale transferred 14,770 SOL ($3.03 million) from Binance to purchase Pnut and ACT, causing the prices of Pnut and ACT to rise sharply.
From stories to accidents to reversals, ACT is undoubtedly one of the most tortuous MEME coins in recent times. Since the previous surge in popularity of GOAT, AI MEME currency has become the focus of market participation, and various projects have competed for the “Dragon Second” throne. Among them, ACT, as an infrastructure MEME coin, was once considered a strong candidate, and its price has also risen sharply, attracting the attention of a large number of investors.
As previously introduced, Act I is another AI project funded by a16z founder Marc Andreessen, with Truth Terminal founder Andy Adyrey among its members. Founder of Pleb CapitalLightAccording to the disclosure, Act I has features including unscripted and spontaneous interactions, multi-agent dynamics, continuous and long-term observation, diverse AI participants and real-world environments. Since AI Agents are isolated at this stage, Act I will become an important infrastructure for these projects and human interaction.
Although ACT’s narrative is attractive, its development path has not been smooth sailing, and the Dev behind it has become the “hidden thunder” in this story.
AMP is one of the developers of the ACT project and once held 6% of the total token supply of the project. However, with the support of community funding, this developer deceived the community many times for various reasons and quietly sold all the tokens in his hand. This kind of dishonest behavior has greatly damaged the community’s trust in it, and once had a large negative impact on the long-term development of ACT. If AMP had not sold the tokens it held, the value of the funds would have exceeded $19 million today.
“The reason why everyone scolds amp is that he deceives the community time and again in the way of shipping, not whether it should be shipped. It is a good thing for ACT to sell them all. From now on, the community only needs to focus on ACT’s concept and this decentralization research projects, and support more “AI+Crypto” projects in the future. And the ACT community is not only based on the ACT project, but also an “action” to promote the development of AI in the form of a crypto community? “ACT Chinese community builder 0xWizard said when amp last dumped its tokens.
However, amp’s shipping behavior did not have much impact on the community. Data from the on-chain data platform Holderscan shows that before November 11, the number of ACT holders was nearly 15,000, and today the number of currency holding addresses has increased by more than 4,000.
0xWizard has also disclosed that ACT is promoted by a decentralized research group and is not unique to AMP alone. His presence or absence will not affect the advancement of this project. In addition to amp, ACT has 5 to 6 contributors, which will not affect the progress of the project.
Regarding ACT’s listing on Binance, amp’s latest response said, “I have never felt uncomfortable with ACT, but they have been used as my brand identity without my permission. I have distributed, destroyed or sold all the ACT token, I hope it will no longer be listed on any centralized exchange (CEX). I am happy to help the ACT community transition to the new brand and can help other community projects build equally great solutions.”
It is worth mentioning that amp also quoted a previous tweet in response, saying, “If you want to gain my loyalty, you must earn it through actions. I have emphasized many times: I value understanding the impact of my work and predicting its possibility more. future, not money.”
