Binance launched #ACT, causing the market value of ACT to rise from over 20 million USD to 800 million USD. The price has increased 40 times since the launch announcement.
What is $ACT?
Let’s take a look at the story of $ACT!
1/ACT is an AI concept meme
Originally created by Twitter user amp on October 19 at pumpfun
2/ ACT is an open, collaborative, synchronous service where many people and chatbots can talk to each other.
ACT connects multiple AI agents (like GOAT) so that AI agents and humans can communicate with each other instead of just one person talking gibberish.
3/ Marc Andreessen funded this project with $32,000.
Who is Marc Andreessen?
He is the founder of a16z, one of the largest venture capital firms in the world, with more than $42 billion under management.
#ACT is one of two projects funded by Marc Andreessen, the other being $GOAT .
4/ When $ACT is created, the deployer spends 4 $SOL ($640) to buy 126M $ACT.
40 million $ACT (4%) were destroyed, 20 million were retained for CEX listing. The remaining 66 million $ACT (6.6%) were transferred to fund artificial intelligence research.
5/ On October 22, DEV amp began to sell $ACT, causing panic in the community.
On October 26, in response to the community, he stopped selling, but the $ACT in his wallet is still being sold.
He explained that he did not terminate the child process, causing the sales script to continue running.
6/ Ultimately, AMP betrayed the community and sold all 34.2 million $ACT ($730,000) in a single transaction.
Now, $34.2M ACT is worth over $15 million!
After he sold all his $ACT, $ACT was completely community-driven.
7/ Thanks to the continuous efforts of the community, the market value of $ACT has returned to around 20 million US dollars.
Binance#Binance After ACT was launched, it surged 20 times within a few hours.
Those who stuck with $ACT were also rewarded
8/ Extra
Binance released the#ACTcoin listing announcement. A team of post-2000s took only 2.4 seconds from monitoring to poker for 300,000 U. (profit exceeded 3 million U, and the highest profit in the wallet that was not sold was 25 times).
Note: This article was first published on Twitter, Monkey God
