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Cryptocurrency News Articles

Peanut the Squirrel (PNUT) Whale Withdraws 10 Million ACT Tokens from Binance, Signaling Bullish Outlook

Dec 02, 2024 at 03:29 pm

Arkham Intelligence reports that the PNUT whale, identified as “6jtAdr…ijN8Ci,” withdrew 10 million ACT (worth about $6.11 million) from Binance at

A Peanut the Squirrel (PNUT) whale, ranked ninth among Act I: The AI Prophecy (ACT) token holders, has pulled 10 million ACT tokens from the Binance exchange.

The PNUT whale, identified as “6jtAdr…ijN8Ci,” withdrew 10 million ACT (worth about $6.11 million) from Binance at 21:38-21:39 UTC+8 on Monday, according to Arkham Intelligence.

This move has sparked interest within the crypto community. At the time of writing, ACT trades at $0.5603, down 3% over the past day. The withdrawn tokens are now valued at $5,624,315.

The whale address also holds roughly $12.1 million worth of PNUT and $1.58 million worth of Goatseus Maximus (GOAT). The wallet’s total value is a hefty $19.68 million, which has decreased by $191,83K in 24 hours. The wallet’s holdings include 10 million ACT, 10 million PNUT, and 2 million GOAT tokens, in addition to 5 million tokens each of OPUS and URO.

ACT Price Analysis

ACT is currently ranked 153rd on CoinMarketCap. The token’s price has surged by 2148.15% in the last month, reaching an all-time high of $0.942 over 18 days ago.

The meme coin’s rapid rise can be attributed to its Binance listing in early November, which has significantly expanded its investor base.

A 4-hour chart of ACT/USDT pair on Binance. Source: TradingView

The 4-hour chart’s Relative Strength Index (RSI) indicates declining bullish momentum for ACT. The RSI is below 50, indicating that bears have gained control in the short term.

This suggests a continued price correction. However, the gradient of the line indicates the downtrend may be short-lived, as bearish pressure weakens.

The article presents information for educational and informational purposes only. It does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned.

Readers are advised to conduct their own research before taking any actions related to the company

News source:coinedition.com

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Other articles published on Dec 27, 2024