30s Summary

ACT, a meme cryptocurrency that originated from a Discord server, soared 1,720% upon listing on Binance, increasing its market cap from $20 million to $422 million. The trading volume rocketed above $350 million on Binance and Raydium. Despite its volatility, ACT has gained attention due to its unique foundation — an AI chatbot-enabled Discord server. This growth coincides with Bitcoin’s rise and the election of crypto-friendly US President Donald Trump. Another meme token, peanut the squirrel (PNUT), also escalated 344% upon listing on Binance, reaching a market cap of $450 million.

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ACT, a joke cryptocurrency created from a Discord server with AI chatbots, has skyrocketed by a whopping 1,720% after being added to Binance. Since being listed, the trading volume of ACT has gone beyond $350 million on Binance and Raydium, pushing its market cap from $20 million to $422 million. However, because the market depth is low across all exchanges, we can expect more ups and downs.

So, what’s ACT all about? Well, it’s a meme token started on Solana and has dramatically increased after getting listed on crypto bigwigs like Binance and Crypto.com. It was first issued on Oct. 19 and had a market cap of about $20 million. The listing caused a trading volume explosion, with $293 million recorded on decentralized exchange Raydium and $60 million on Binance. Now, its market cap has grown to a stunning $422 million.

This ACT rally is happening at the same time as Bitcoin hitting a new all-time high – it’s currently at $82,120. This comes amidst heightened optimism as the U.S. just elected crypto-friendly Donald Trump as president. Meme tokens are leading the way in the surge this week, with the likes of dogecoin (DOGE) and dogwifhat (WIF) increasing by 21% and 22%, respectively.

ACT is pretty unique – it’s based on a Discord server with AI chatbots that answer questions and chat with users. The server was founded by a group of users, although one of them has distanced themselves from the token after selling theirs.

Binance has also listed another meme token, peanut the squirrel (PNUT), which quickly escalated by 344% on the listing, hitting a market cap of $450 million.

Do remember, meme tokens can be extremely volatile, often having huge price shifts due to varying liquidity levels. For instance, a market sell order of just $100,000 for ACT could cause the price to plunge by more than 2%, according to CoinMarketCap.