It took me 3 hours to sort it out. After reading it, you may know whether ACT will continue to rise.
The 269-fold increase in the 7-day price of ACT is obviously the result of market manipulation.
This is not a normal market phenomenon
You can see from the K-line that 3 days ago, that is, on November 11th
The K line of act is like a vertical line, just like a real rocket
The price went from $0.02 to $0.3
It took only 3 hours to increase the price by 15 times
Sky checked the position, and the 2024-10-23 act market value is $30,943,837
Until the 11th, the market value of ACT was between 20 million and 30 million, with no drastic changes.
Then on the 12th, it reached 420 million US dollars.
You tell me this is a normal market phenomenon?
What is the purpose?
1. It completely opened up the AI meme narrative
2. Binance gained a wave of traffic and good reputation in the community
3. Bitcoin has risen so much but many retail investors have not bought it, which just happened to drive the meme market and make retail investors hand over their chips.
Let's talk about the origin of ACT
First of all, this meme was created by @amplifiedamp
So his first tweet with the word "act" was this one
https://x.com/amplifiedamp/status/1846898653879054388
On October 17, he @ a woman and said:
In the act, Discord can now talk to other AIs, such as Opus and I-405, and it can now add new memories to the Twitter version"
So what does this woman do?
@truth_terminal is a pornographic person
The second act post appeared on October 19th
“The lockdown is because I need time to focus on rebuilding my health, setting up new infrastructure, and my core research initiatives, such as the Discord server for Act 2 Phase 1, Bookshelf. The rest of the post will discuss my thoughts on the current situation and my research projects”
It looks like this person started a draft of the act and set up a discord
https://x.com/amplifiedamp/status/1847347665727869392
The third push is to solicit names for the act on October 19th
It clearly states that this is a "multi-human, multi-AI interactive project to create a world full of cooperation, love and empathy"
Article 4 to Article 8 act post & This person seems to have found the meaning of act
This is the concept proposed by @repligate
“ act: On the importance of naturally embedding AI into multi-agent complex systems as quickly as possible There are all sorts of path-dependent, suboptimal features to the way we as a society “use” LLM. In 2020, I founded Loom to get rid of one of those aspects of it. … ”
Interested friends can read
https://x.com/repligate/status/1833636947694125138
On October 20, someone said
& is with @repligate, he is in their secret discord
“ This dc is called Act I, and it is a research and arts program created and run by
@repligate @amplifiedamp and converted to memecoin. Many people are participating. I am the first employee of the first AI millionaire... apparently."
That is to say, these two people built a DC to post AI memes. One is a senior AI engineer and KOL, and the other is also an AI KOL.
So, on the same day, & released the white paper of ACT
https://x.com/amplifiedamp/status/1847926132743749914
Anyway, it's just a bunch of lofty ideals.
“I want a world where everyone can collaborate, without coercion or fear, internal or external, but humanity needs new technology to make that happen, and I’m building it.”
On the 21st, he said he would not issue tokens
“From now on, I will no longer mention any coins or publish any CAS - doing so would be irresponsible to every reader - but I will continue to share my thoughts here”
October 21
& for @repligate, @andyayrey, @SkyeSharkie, @deltanym, @liminalbardo and @Shoalst0ne
They are all members of the Act 1 community, and they keep posting Act 1 memes regardless of whether they have coins or not.
https://x.com/amplifiedamp/status/1848209304278704490
October 22 to October 25
& 主要在说一些宗教形式的技术发言
Then several members frantically posted screenshots of the mysterious discord
There are also a few AI KOLs who sent them tweets
https://x.com/kromem2dot0/status/1849076234782994858
October 26th ACT pool publicly released
https://x.com/amplifiedamp/status/1850000554577347055
In fact, as early as the 23rd
The pool was built
There is $30,943,837 in it.
If the data from coingecko is true, in a sense, act
This meme project is an internal disk
People in that discord must have known about it earlier and were able to purchase the act.
On the same day & also said
“ Pause sales and randomly select AI developers to support instead of memecoin traders or crypto project leaders.”
https://x.com/amplifiedamp/status/1849991480468963368
A few days later,
This group has been talking about some ideas, cx, this act, this project
November 4 & said his email contact information:
[email protected]
https://x.com/amplifiedamp/status/1853298648638951679
November 11
That is the night before ACT rose 269 times
& Last tweet
“ I want to emphasize this: I do not want to be part of a community that continues to misgender me and spread misinformation despite my repeated requests”
What I mean is that I support AI instead of meme hype, and the following things have nothing to do with me
Sky guessed that it would only take a few hours for the ACT to explode.
& Should have completed the exchange of chips with Binance or market makers
He may have been free.
In a sense, it is Binance or market makers that have chosen ACT as a target.
Choose act as the start of the ai meme narrative
https://x.com/amplifiedamp/status/1855871958224715883
Who is the act market maker?
According to the on-chain data analysis
After ACT (Act I: The AI Prophecy) was listed on Binance, it seemed to have hired Wintermute @wintermute_t as a market maker: The Wintermute address received 9.482 million ACT (US$5.11 million) from the ACT community multi-signature wallet 51B...fCB 8 hours ago.
Wintermute received 9.482 million ACT from the ACT community multi-signature wallet in the early morning, which may be its market maker
How will act be operated later?
1. Look at Binance’s usual meme techniques
I think Binance has already shipped
2024-11-11 18:00 ACT launched on Binance
We saw several crashes in the following days.
I guess Binance is shipping.
The subsequent pull-up mainly depends on the sentiment of retail investors and market makers.
2. Look at Wintermute’s market making style
Sky has not been studied carefully
You can research on your own
I personally think that the future of ACT will mainly depend on the sentiment of retail investors.
Maybe it would be more cost-effective to find a new AI narrative meme
Wrote the development history of ACT, does not constitute investment advice!
