Binance's involvement has caused the prices of ACT and PNUT to experience dramatic fluctuations, triggering a wave of speculative trading.
After a round of correction, ACT is stabilizing, indicating that traders are awaiting new market catalysts that could drive the next wave of movement.
Meanwhile, the trading volume of PNUT has significantly increased, attracting the market's attention again. This rise in trading volume may signal a potential bullish breakout, as traders seem to anticipate further price increases.
Essentially, the meme coin market itself is a realm filled with speculation and rapid price fluctuations. In this environment, the performance of ACT and PNUT is particularly prominent, attracting numerous traders' participation.
Cryptocurrency analyst Tony Research mentioned that the relationship between Binance and these two tokens is particularly noteworthy, especially as reflected in the movements of some secret wallets and strategic announcements. This volatile price trend indicates that these two tokens are in a highly active state.
ACT: Spread your wings and find your foothold
The price chart of ACT/SOL shows a dramatic high-low fluctuation. Initially, the token surged rapidly under the influence of high trading volume and buyer momentum. This rebound is likely driven by news or speculative sentiment, attracting considerable attention from investors. However, the price quickly reversed and underwent a significant pullback, indicating profit-taking by investors or a waning of buyer interest.
After experiencing such extreme fluctuations, ACT has entered a consolidation phase. Prices have stabilized at lower levels, indicating that the forces of buyers and sellers have reached a balance at this time. This phase is often a precursor to significant price movements, as traders await new market developments to trigger the next trend. As of now, the trading price of ACT is $0.013691, down 9.29% in the past 24 hours, with a trading volume of $781,285.
PNUT: Ride the waves
The price fluctuations of PNUT/SOL have become more extreme, with the chart showing drastic rises and significant pullbacks. Such volatility is often closely related to events associated with Binance, which tend to trigger speculative sentiment in the market. For example, after the Binance wallet activity, the price of PNUT surged but then plummeted, possibly as a result of the market correcting its intrinsic value or investors quickly taking profits.
Despite significant price fluctuations, the chart of PNUT still shows a rebound in market interest. Recently, both the price and trading volume of the token have increased, suggesting that market optimism is warming up, and a bullish breakout opportunity may arise. Currently, the trading price of PNUT is $1.20, down 12.75% in the past 24 hours, with a trading volume of $1,426,536,274.
