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- PNUT whale withdraws $6M in ACT tokens from Binance, elevating bullish market hypothesis.
- ACT positive factors consideration amid value surges and corrections.
- ACT trades at $0.56 after a 2148% surge; RSI hints at short-term bearish momentum easing.
A significant Peanut the Squirrel (PNUT) whale, ranked ninth amongst Act I: The AI Prophecy (ACT) token holders, has pulled 10 million ACT tokens from the Binance change. This transfer suggests the whale is bullish on the longer term value trajectory of the ACT token.
Arkham Intelligence reviews that the PNUT whale, recognized as “6jtAdr…ijN8Ci,” withdrew 10 million ACT (value about $6.11 million) from Binance at 21:38-21:39 UTC+8 on Monday. This caught the eye of the crypto neighborhood. As of this writing, ACT trades at $0.5603, down 3% over the previous day. The withdrawn tokens have a present worth of $5,624,315.
Learn additionally: Burn Portal and Consolidation Section Sign SHIB’s Subsequent Large Transfer
The whale handle additionally holds roughly $12.1 million value of PNUT and $1.58 million value of Goatseus Maximus (GOAT). The pockets’s complete worth is a considerable $19.68 million, down $191,83K in 24 hours. The pockets’s holdings embrace 10 million ACT, 10 million PNUT, and a couple of million GOAT tokens, plus 5 million tokens every of OPUS and URO.
ACT Worth Evaluation
ACT ranks 153rd on CoinMarketCap. Its value has surged 2148.15% over the previous month, reaching an all-time excessive of $0.942 over 18 days in the past. This meme coin’s speedy rise pertains to its Binance itemizing in early November, which expanded its investor base.
The 4-hour chart’s Relative Energy Index (RSI) reveals declining bullish momentum for ACT. The RSI is under 50, indicating that bears have gained management within the quick time period. This means a continued value correction. Nevertheless, the road’s gradient signifies the downtrend could also be short-lived, as bearish stress weakens.
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