Acet (ACT) saw a major spike following its launch on Binance, and some smart traders have been able to take advantage of the token surge.
As noted by the on-chain analytics firm Lookonchain, an astute trader took swift action, leveraging the early announcement of the token listing on Binance to purchase 10.9 million ACT tokens for roughly 1,558 SOL, equivalent to about $318,000.
A savvy trader has made over $3M in just 1 hour by monitoring #Binance's new cryptocurrency listings!
— Lookonchain (@lookonchain) November 11, 2024
Seconds after #Binance announced the listing of $ACT, he spent only 1,558 $SOL($318K) to buy 10.9M $ACT, now worth $3.4M!https://t.co/qvizsWR4kn pic.twitter.com/3DwrvVGjX2
The firm stated that the value of this investment skyrocketed to $3.4 million in just one hour. The trader was able to take the high risk and made a lot of money in the process.
Currently, the price per ACT is approximately $0.40, with a market cap of around $5.28 million, indicating strong valuation and market interest. T
he 24-hour trading volume has surpassed $4.70 million, demonstrating high liquidity and trading activity, while the circulating supply stands at roughly 16.04 million ACT tokens.
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The ACT token is part of a broader narrative within the Solana ecosystem, which appears to focus on integrating AI and blockchain technology.
