In the midst of the meme coin craze, it is rare for Binance to list a token with an initial market cap of only $20 million. So, what exactly is ACT? Come, come, let's dive deep into the investigation with the detective.
$ACT It is a meme token on the Solana chain, with a total supply close to 1 billion coins. The AI Prophecy is a decentralized research laboratory focused on studying the dynamic relationship between multiple humans and multiple AIs. Their mission is to democratize AI knowledge, making it easily accessible to everyone. Through a series of plans, resources, and community content, ACT is committed to breaking down the barriers to understanding AI.
This community focuses on AI basic education, ethical discussions, and research and development in this field. Although ACT has only 10,000 total followers on Twitter and TG groups, and its logo is an AI-generated image of a human eye, they have previously provided $1 million in funding to an AI research team supported by Marc Andreessen.
Previously, Andy Ayrey founded the well-known AI-themed meme coin GOAT within this research team. AmplifiedAmp (referred to as Amp) and some members later founded The AI Prophecy. Amp promised to create a decentralized, community-driven ecosystem. When the project launched, 6% of the token supply was transferred to Amp as funding.
However, things took an unexpected turn. Amp continued to sell ACT tokens for profit while claiming it was for the collective good. This caused dissatisfaction and anger among community members. Later, Amp stated he would stop selling coins and said he was not a meme coin trader or project leader, but just an AI developer supported by fans. He also burned an equal number of ACT tokens he had sold, which were worth $41,000 at the time and are now worth $3.87 million.
However, Amp ultimately sold all ACT tokens and left, which made many in the community feel betrayed, and the coin price experienced several significant fluctuations. However, the community did not disband; instead, it became more united, obtaining over $1 million in project funding. The official website states that since Amp's departure, ACT has been completely community-driven, with decisions made collectively by dedicated members. The community has focused on AI knowledge sharing and education, making AI knowledge more widespread.
After Binance announced the listing of ACT, Amp tweeted that ACT had always been a brand unauthorized by him and admitted to distributing, burning, and selling all ACT tokens allocated to him, not wanting it to be listed on centralized exchanges. He also expressed his willingness to help the community transition smoothly to a new brand.
The listing fee for ACT is 0 BNB, which is particularly rare among the exorbitantly high listing fees recently exposed. Since GOAT gained popularity, AI-themed tokens have attracted market attention and capital, such as AI agents, AI computing, etc.
Ultimately, the test of a bull market is not just about the rise and fall of prices but also a test of our mindset. In the face of account fluctuations, we must remain rational. Next, I will announce the potential tenfold coin! Instead of guessing, let's seize the opportunity! Like + comment, feel free to share.
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