$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• 2 days later, 16.64M was withdrawn → ~35M ACT still on the market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.

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