Solana Memecoin ACT Rockets 1,720% on Binance Listing as Altcoin Market Heats Up
The Solana-based memecoin "Act I: The AI Prophecy" (ACT) surged over 1,720% following its listing on Binance and Crypto.com. Initially issued on October 19, ACT's market cap jumped from $20 million to $422 million, with significant trading volumes on Raydium and Binance. This rise coincides with Bitcoin reaching a record high of $82,120 amid renewed optimism after the U.S. election of crypto-friendly Donald Trump. Memecoins like dogecoin and dogwifhat also saw increases of 21% and 22%, respectively. ACT is linked to a Discord server featuring AI chatbots. Binance also listed another memecoin, peanut the squirrel (PNUT), which rose by 344%. Memecoins are highly volatile, with ACT's market depth on Binance indicating potential for significant price swings.
