PNUT whale withdrew $6 million worth of ACT tokens from Binance, sparking bullish speculation in the market.
ACT has garnered attention amid price surges and corrections.
ACT trading price reached $0.56 after a surge of 2148%; RSI indicates that short-term bearish momentum is weakening.
A major Peanut the Squirrel (PNUT) whale, ranked ninth among holders of the first act: Artificial Intelligence Prophecy (ACT) tokens, has withdrawn 10 million ACT tokens from Binance. This move indicates that the whale is optimistic about the future price trend of ACT tokens.
Arkham Intelligence reported that the PNUT whale identified as '6jtAdr…ijN8Ci' withdrew 10 million ACT (worth approximately $6.11 million) from Binance on Monday between 21:38-21:39 UTC+8. This has attracted attention from the cryptocurrency community. As of the time of this writing, the ACT trading price is $0.5603, having dropped 3% in the past day. The withdrawn tokens are currently valued at $5,624,315.
This large address also holds approximately $12.1 million worth of PNUT and $1.58 million worth of Goatseus Maximus (GOAT). The total value of this wallet amounts to $19.68 million, having decreased by $191,830 in the last 24 hours. The wallet's assets include 10 million ACT, 10 million PNUT, and 2 million GOAT tokens, as well as 5 million OPUS and URO tokens.
ACT Price Analysis
ACT is ranked 153 on CoinMarketCap. Its price has surged 2148.15% in the past month, hitting an all-time high of $0.942 18 days ago. The rapid rise of this meme coin is related to its listing on Binance in early November, which expanded its investor base.
The relative strength index (RSI) on the 4-hour chart shows that the bullish momentum of ACT is weakening. The RSI is below 50, indicating that bears have gained control in the short term. This suggests that the price will continue to correct. However, the gradient of the line indicates that the downward trend may be temporary, as bearish pressure is diminishing.
