Peanut the Squirrel (PNUT) whale created significant market volatility by withdrawing 10 million Act I: The AI Prophecy (ACT) tokens from the Binance exchange. While some investors interpreted this transaction as the whale having positive expectations about price performance, others stated that this move could be a simple transfer.$PNUT
According to Arkham Intelligence’s statement, the PNUT whale identified with the wallet address “6jtAdr…ijN8Ci” has withdrawn 10 million ACT tokens worth approximately $6.11 million from Binance. The ACT token is currently trading at $0.5603, down 3% during the day. The total value of the withdrawn tokens is calculated as $5.62 million at the current price. The whale’s wallet also has $12.1 million worth of PNUT and $1.58 million worth of Goatseus Maximus (GOAT) tokens. The total asset value of the wallet is approximately $19.68 million. However, the value of the wallet has decreased by $191.83 thousand in the last 24 hours. Other notable assets in the portfolio include 10 million PNUT, 2 million GOAT, 5 million OPUS, and 5 million URO tokens.
The ACT token price has increased by a remarkable 2148.15% in the last month, reaching an all-time high of $0.942 18 days ago. One of the most important reasons for this rapid rise was the listing of ACT on the Binance exchange in early November. The Binance listing significantly increased the investor base of the token.
However, a correction has been observed in the ACT price recently. The Relative Strength Index (RSI) on the 4-hour charts shows that the upward momentum has started to weaken. The RSI falling below the 50 level indicates that bears dominate the market in the short term. However, the trend of the index suggests that this decline will not last long and the selling pressure has decreased.