The world’s largest crypto exchange, Binance, announced on Monday that it has listed two new meme coins: ACT I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT). This news led to huge increases in the prices of both tokens, with ACT rising by 1,300 percent and PNUT by 250 percent. Following their listing, ACT and PNUT have attracted significant interest in the crypto community, similar to other leading Solana meme coins.
Binance Lists AI Prophecy and Peanut the Squirrel
According to Binance’s official announcement, the exchange will offer spot trading for ACT and PNUT starting November 11. Users will be able to buy and sell these coins in the ACT/USDT and PNUT/USDT pairs. Withdrawals will be available for both tokens starting November 12, thus providing liquidity for the tokens. This triggered a major jump in the prices of ACT and PNUT. ACT and PNUT have been granted the Binance Seed Label, indicating higher volatility and risk. ACT I: The AI Prophecy coin adds an AI-themed twist to the meme coin space. Peanut the Squirrel joins ACT as another fun option for speculative traders on the exchange.
However, users in some regions, including the US, Canada, and the Netherlands, will not be able to trade ACT and PNUT. These restrictions follow efforts to comply with regional regulations and ensure user safety. Experts like Leonidas said Binance has intentionally turned into a “pump and dump” mechanism that harms retail investors and creates an unhealthy meme coin market. Some crypto participants have alleged that large investors are selling these tokens within hours or weeks of purchasing them, trapping small investors.
ACT is trading at $0.35, up 1,300 percent in the past 24 hours, with intraday highs of $0.36 and lows of $0.019. The token’s trading volume has increased by 4000 percent in the last day, indicating intense interest in the market. Meanwhile, the PNUT price is trading at $ 0.37, gaining 250 percent in the last 24 hours. The intraday highs and lows are $ 0.42 and $ 0.091, respectively. The 24-hour volume is $ 306 million, further demonstrating the token’s growing popularity. The increase in the ACT price coincides with the ongoing meme coin season. As we reported at Kriptokoin.com, in parallel, Dogecoin recently rose to sixth place, leaving XRP and USDC behind.
A meme coin whale made huge profits
Meanwhile, after the Binance announcement, Lookonchain data drew attention. According to Lookonchain’s X post, after Binance announced the ACT listing, a GOAT whale spent $5,000 SOL ($1.04 million) to buy 3.84 million ACT at $0.27. Between October 21 and October 23, this whale spent 20,500 SOL ($3.44 million) to buy 7.52 million GOAT and is currently in unrealized profit of $2.8 million.
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