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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 The withdrawn tokens are now valued at $5,624,315.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.
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