Can #ACT be reborn and return to its peak?
Since $ACT was listed on #Binance, the price has fallen by nearly 70%, and the market value has dropped from $900 million to $280 million.
🔹 Market volume changes
In the past 24 hours, $ACT's trading volume was $113 million, down about 93% from its historical high ($1.65 billion).
#Binanceis still the main trading platform, with a 24-hour trading volume of $33.99 million, accounting for 30% of the total.
🔹 Perpetual contract market
Contract trading volume: $ACT contract trading volume in the past 24 hours was $124 million, which is 3 times the spot trading volume.
Contract holdings: 111 million $ACT, holding value of $34.54 million, handling fee 0.01%-0.02%.
Activeness of large investors: The current ratio of long to short positions of large investors is 3.42, and the ratio of holdings is 3.16, which shows that large investors in the market pay more attention to the future trend of $ACT.
🔹 Dynamics of the top 100 coin holding addresses (5 whales have opened positions)
1️⃣ Address 4B3QRDxTAXaJkJLbBopuicxwv6KEhwBcRyvMpthXeyV7
Operation: In the past 2 days, 55,299 $ACT were sold at an average price of $0.32, with a value of about $18,000.
Cost: The average purchase cost is $0.02, the floating profit is about $400,000, and the ROI is 1093%.
2⃣️Address FSpL1gdZydJrQkngWe2S4tjBToRwpisRhChXYDQEnWPL:
Operation: 3 days ago, 38,000 $ACT were sold at an average price of $0.33.
Cost: Purchased during the internal market, the average price was $0.024, the floating profit was about $235,000, and the ROI was 1048%.
3⃣️Address
32waT8GLZCV9ihc3xMRz38hwmFSQ8f52LWSesks9VQKf:
Operation: In the past 3 days, 291,700 $ACT were sold at an average price of $0.325.
Cost: Purchased at $0.009 in the early stage, the floating profit was $252,000, and the ROI was 2792%.
4⃣️Address 6AtVuvfvij9She2Tc7Ejhn39uHi7VT6mEZh6s7oskF2B:
Operation: 1 day ago, 11622 $ACT were sold at an average price of $0.33.
Cost: Purchased at $0.011, with a floating profit of $235,000 USD and an ROI of 2347%.
5⃣️Address 4HixUv9wDkDXTPGgxQE6KxwBGJBc1AkGGTGhxbdWHYFu:
Operation: In the past 2 days, 130,000 $ACT were sold at an average price of $0.312.
Cost: Purchased at a cost of $0.1, and currently still holding 322,357 $ACT, with an investment return rate of 155%.
🔹 Comprehensive analysis
1️⃣ Weak spot market: Trading volume and number of traders continue to decline, indicating that $ACT is gradually losing market attention.
2️⃣ Price falls, big investors open long positions: Prices continue to fall, and big investors maintain long positions, which may reflect different interpretations of market trends.
