#MEMEAct

ACT's Meteoric Rise on Binance

ACT, a Solana-based meme coin, experienced an extraordinary surge of over 1,700% following its listing on Binance in November 2024. Initially priced at \$0.0196, it soared to a high of \$0.474 within 24 hours, attracting significant attention from traders and investors

The listing of ACT, along with another meme coin, PNUT (Peanut the Squirrel), sparked criticism within the crypto community. Some observers alleged that Binance's listing practices favored low-market-cap tokens, potentially leading to "pump-and-dump" schemes that could harm retail investors

ACT was developed by a Discord community centered around AI chatbots. Interestingly, the project's lead developer had distanced himself from ACT prior to its Binance listing, expressing concerns over its speculative nature