Trade Nova
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$ACT Sees Explosive Volume Surge — Market Dump or Pump Incoming?
The infamous ACT — known for its brutal 75% crash in early April — is back in the spotlight. On May 10, volume suddenly spiked, peaking on May 13 at over 3.5x its market cap. What's really happening on-chain?
Key On-Chain Insights:
• Market Makers (MMs) behind ACT include Binance, OKX, KuCoin, and Wintermute
• Top Holders:
→ Binance holds ~55%
→ OKX holds ~16.3%
→ Combined = over 70% control
Binance Wallet Analysis:
• Accumulated heavily before the March 31st rally
• Dumped 160M ACT during the price spike → caused the 4x crash
• 5 days ago, Binance deposited 50M ACT to exchange
• 2 days later, 16.64M was withdrawn → ~35M ACT still on the market
→ Price rose +50% after this move
Conclusion:
Binance seems to be strategically deploying tokens to pump and unload. The 50M $ACT deposited equals only 1/10 of what Binance holds — they still have firepower left.
OKX Wallet:
Accumulating since the bottom 3 weeks ago
Stopped accumulating 3 days ago — possibly coordinated with Binance?
Wintermute:
Peaked holdings in early April
Fully exited position by May 10
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Bottom Line:
Binance is the key driver behind $ACT’s price action. The recent volume spike is likely the result of tokens being deposited to push price and distribute.
If you want to time $ACT moves — track Binance wallet activity.
#ACT #CryptoNews #Altcoins #Binance #OnChainAnalysis #TradingTips #WhaleMoves
The infamous ACT — known for its brutal 75% crash in early April — is back in the spotlight. On May 10, volume suddenly spiked, peaking on May 13 at over 3.5x its market cap. What's really happening on-chain?
Key On-Chain Insights:
• Market Makers (MMs) behind ACT include Binance, OKX, KuCoin, and Wintermute
• Top Holders:
→ Binance holds ~55%
→ OKX holds ~16.3%
→ Combined = over 70% control
Binance Wallet Analysis:
• Accumulated heavily before the March 31st rally
• Dumped 160M ACT during the price spike → caused the 4x crash
• 5 days ago, Binance deposited 50M ACT to exchange
• 2 days later, 16.64M was withdrawn → ~35M ACT still on the market
→ Price rose +50% after this move
Conclusion:
Binance seems to be strategically deploying tokens to pump and unload. The 50M $ACT deposited equals only 1/10 of what Binance holds — they still have firepower left.
OKX Wallet:
Accumulating since the bottom 3 weeks ago
Stopped accumulating 3 days ago — possibly coordinated with Binance?
Wintermute:
Peaked holdings in early April
Fully exited position by May 10
---
Bottom Line:
Binance is the key driver behind $ACT’s price action. The recent volume spike is likely the result of tokens being deposited to push price and distribute.
If you want to time $ACT moves — track Binance wallet activity.
#ACT #CryptoNews #Altcoins #Binance #OnChainAnalysis #TradingTips #WhaleMoves
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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