The coin $ACT sharply fell after listing on CEX: what is behind the sell-off? The new ACT coin based on Solana, focused on AI, disappointed many users after an early sell-off following its recent listing on centralized exchanges (CEX). ACT was launched in October 2024 and then appeared on Binance, HTX, and KuCoin, as well as many other platforms.
TradingView data shows that ACT surged significantly shortly after the CEX listing, before making a turn that resulted in the recently launched cryptocurrency losing almost all recent gains. The rapid decline of the cryptocurrency made many users wonder what could be behind the drop, especially in a season when the entire cryptocurrency market is moving upwards.
