AI MEME Coin Act I: The AI Prophecy (ACT) has experienced multiple betrayals from the Dev (deployer) and has fallen into a trough, but now the plot has taken a dramatic turn. On November 11, Binance announced the listing of ACT and added a seed label, igniting market sentiment, and ACT surged more than tenfold in a short period of time, making it one of the dark horses among the low-market-cap MEME coins listed by Binance this year.
DEX Screener data shows that as of the time of writing, ACT's intraday high reached 1445.4%, with its market capitalization soaring from $20 million to a peak of $300 million, and trading volume exceeding $230 million in the past 24 hours.
ACT is one of the low-market-cap MEME coins listed by Binance this year. According to the on-chain analyst @ai_9684xtpa's report "Binance's Meme Coin Projects Listed in 2024", Binance does not seem to have a rigid market capitalization requirement for listing Memecoins, ranging from $15.49 million to $881 million, and the only commonality may be community heat.
Under the super high return rate, according to the on-chain analyst @ai_9684xtpa's monitoring, the mysterious whale who previously invested 15,140.85 SOL in PNUT, FRED, and OPK has an overall position that has generated $3.97 million in unrealized profits. Meanwhile, according to Lookonchain's monitoring, a whale has transferred 14,770 SOL ($3.03 million) from Binance to buy Pnut and ACT, causing the prices of Pnut and ACT to surge.
From story to accident to reversal, ACT is undoubtedly one of the most twisting MEME coins in recent times. After the previous GOAT surge, AI MEME coins have become the focus of market participation, with various projects vying for the "second dragon" throne. Among them, ACT, as an infrastructure-type MEME coin, was once considered a strong candidate, and its price has also risen sharply, attracting the attention of a large number of investors.
As previously introduced, Act I is another AI project funded by a16z founder Marc Andreessen, with members including Truth Terminal founder Andy Adyrey. Pleb Capital founder Light disclosed that Act I has features such as unscripted and spontaneous interactions, multi-agent dynamics, continuous and long-term observation, and diverse AI participants and real-world environments. Due to the current isolation of AI Agents, Act I will become an important infrastructure for these projects to interact with humans.
Although the narrative of ACT is attractive, its development path has not been smooth sailing, and the Dev behind it has become the "hidden thunder" in this story.
AMP is one of the developers of the ACT project and once held 6% of the total tokens of the project. However, this developer, with the support of community funding, has repeatedly deceived the community with various excuses and quietly sold all the tokens in his hands. This breach of trust has greatly damaged the community's trust in him and has had a significant negative impact on the long-term development of ACT. If AMP had not sold the tokens he held, the value of this fund would have reached a maximum of $19 million today.
"The reason why everyone condemns amp is not that he should or should not have sold out, but that he has repeatedly deceived the community in the way of selling out. Selling out everything is actually a positive thing for ACT, so that the community only needs to focus on the concept of ACT and this decentralized research project, as well as supporting more 'AI+Crypto' projects in the future. And the ACT community is no longer just based on the ACT project, but a kind of 'action' to promote the development of AI in the way of the crypto community," said 0xWizard, the builder of the ACT Chinese community, when AMP made his last token sale.
However, AMP's selling behavior did not have much impact on the community. Data from the on-chain data platform Holderscan shows that before November 11, the number of ACT holders had reached nearly 15,000, and the number of token-holding addresses has increased by more than 4,000 today.
0xWizard also revealed that ACT is being promoted by a decentralized research group, not just by AMP alone, and his presence or absence does not affect the progress of the project. In addition to AMP, ACT has 5 to 6 other contributors, and their departure will not affect the progress of the project.
Regarding the listing of ACT on Binance, AMP's latest response is, "I have never felt uncomfortable with ACT, but they have been using my brand identity without my permission. I have distributed, destroyed or sold all the ACT tokens I held, and I hope it will not be listed on any centralized exchange (CEX) again. I would be happy to help the ACT community transition to a new brand and can help other community projects build equally excellent solutions."
It is worth mentioning that AMP also cited his previous tweet in response, saying, "If you want to earn my loyalty, you must earn it through your actions, and I have emphasized many times: I care more about understanding the impact of my work and predicting its possible future than money."
Welcome to join the official BlockBeats community:
Telegram subscription group: https://t.me/theblockbeats
Telegram discussion group: https://t.me/BlockBeats_App
Twitter official account: https://twitter.com/BlockBeatsAsia
