A major crypto investor known as PNUT has withdrawn a significant amount of ACT tokens from Binance, catching the attention of the community and sparking discussions about the token's future.
ACT Token Withdrawal From Binance
According to Arkham Intelligence, an investor identified as '6jtAdr…ijN8Ci' withdrew 10 million ACT tokens, roughly equivalent to $6.11 million, from Binance between 21:38 and 21:39 UTC+8 on Monday. This move garnered significant attention from the crypto community.
Market Reaction and Impact
The event piqued the interest of market participants. At the time of writing, ACT trades at $0.56, down 3% from the previous day, with the withdrawn tokens valued at $5,624,315.
Current Value and Forecasts
Despite a minor correction, ACT has surged by 2148%. The Relative Strength Index (RSI) suggests a possible easing of the short-term bearish momentum.
The withdrawal of a large number of ACT tokens from Binance indicates potential shifts in market sentiment. The token has attracted increased attention, and its future price dynamics are of interest to analysts and investors.
