Today, Binance announced that it would launch The AI Prophecy (ACT) spot trading at 6 PM. Once the news was released, ACT experienced a surge, with the coin price increasing over tenfold in just 10 minutes, and the market cap rising from $20 million to $240 million, with the coin price once soaring to around $0.3.
The meme wave is still ongoing, and the initial market cap of the token launched by Binance was only $20 million, which is quite rare. So, what exactly is ACT? ACT is a meme token running on the Solana chain, with a maximum supply close to 1 billion. The AI Prophecy is a decentralized research laboratory focused on empirical studies of multi-human, multi-AI dynamics. Its core mission is to democratize AI knowledge and make it easily accessible to everyone. Through various programs, resources, and community-driven content, ACT is dedicated to breaking down the barriers to understanding AI. The community focuses on helping people learn the basics of AI, encouraging discussions on AI ethics, and supporting research and development in the field.
The total number of followers on ACT's Twitter and TG group is only 10,000, with the logo being an AI-generated human eye image.
The community also provided $1 million in funding to a team of AI researchers supported by Marc Andreessen. Previously, Andy Ayrey was part of this research team, which founded the famous AI meme coin GOAT, and members of the team, including AmplifiedAmp (shortened to Amp), co-founded The AI Prophecy.
Amp promised that the project would be dedicated to fostering a decentralized, community-driven ecosystem. Initially, 6% of the token supply was transferred to Amp as project startup funds.
However, the events that followed surprised most people.
Amp continued to sell ACT tokens for profit while claiming to act for the collective good.
This led to considerable dissatisfaction and hatred among community members, and AMP stated that it had stopped selling coins, also indicating that it was not a meme coin trader or the leader of any crypto project, but merely an AI developer chosen to be supported by fans.
In addition, he also destroyed the same number of ACT tokens as he sold, a total of 1,745,004 tokens, which were worth $41,000 at the time, but are now worth as much as $3.87 million.
However, in the end, Amp still sold all ACT tokens and chose to leave. This made many in the community feel betrayed, and the coin price experienced several drastic fluctuations.
After Amp's exit, the community did not dissolve; rather, it showed unity and secured over $1 million in project funding. The official website stated that since Amp's departure, ACT has been a fully community-driven project, with dedicated members making decisions together. Furthermore, the ACT community focuses on AI knowledge sharing and education, aiming to democratize AI knowledge and make it accessible to everyone.
After Binance announced the launch of ACT, AMP tweeted that ACT had always been a brand without its permission and admitted to distributing, destroying, and selling all ACT tokens it had, while also expressing a desire for it not to launch on centralized exchanges. Finally, it stated its willingness to help the community transition smoothly to the new brand.
According to Binance's listing announcement, the listing fee for ACT was 0 BNB, which was later confirmed by the active member of the ACT community, @0xWizard. This is quite rare compared to the recently exposed exorbitant listing fees reaching millions or tens of millions of dollars.
Since the rise of AI tokens with GOAT, AI concept tokens have received market attention and funding inflow, such as AI agents and AI computing. AI meme tokens exhibit high volatility, and investors should be mindful of risk control.
If you want to seize this bull market, it's definitely too late to learn and sell on the spot; it's best if someone can quickly guide you.
I am David, welcome to exchange ideas!
