The world’s largest crypto exchange, Binance, recently announced the listing of two new Solana-based meme coins: ACT I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT). The news triggered massive price surges, with ACT jumping over 1300% and PNUT climbing 250%. Here’s what you need to know about this explosive rally.
Binance Lists ACT and PNUT Tokens
On Monday, Binance confirmed that it would open spot trading for both ACT and PNUT starting November 11. Users can trade these tokens in the pairs ACT/USDT and PNUT/USDT. Withdrawals will be available from November 12, adding liquidity for traders. The listing has already sparked a huge price increase for both meme coins.
Notably, Binance applied its Seed Tag to these tokens, highlighting the higher risks and volatility associated with early-stage projects. ACT brings an AI-themed angle to the meme coin market, while PNUT adds a playful, speculative option for traders.
ACT and PNUT Price Performance
The price of ACT is currently at $0.35, marking a staggering 1300% gain in the last 24 hours. The token’s high and low were $0.36 and $0.019, respectively. Trading volume soared by almost 4000%, indicating intense market interest.
Similarly, PNUT is trading at $0.37, up 250% in the last 24 hours. The token’s high and low were $0.42 and $0.091, respectively. Its 24-hour trading volume hit $306 million, highlighting strong demand among crypto enthusiasts.
Meme Coin Season in Full Swing
The spike in ACT and PNUT prices comes amid a broader meme coin season. Recently, Dogecoin surged to the sixth position in market rankings, surpassing XRP and USDC. This trend reflects the growing popularity and speculative nature of meme coins in the current crypto market.
Conclusion
The rapid price increase of ACT and PNUT has caught the attention of many in the crypto space. However, traders should be cautious, as these coins come with significant volatility and risks. With meme coin mania continuing, it remains to be seen if this rally will sustain or fade in the coming days.
