The newly listed token Act I on Binance just yesterday saw its market value jump from over 20 million USD to 400 million USD, with the price skyrocketing 20 times in just a few hours! Today, I will explain the Act I project!
1. Project Introduction
Act I (abbreviated as ACT) is a meme coin aimed at exploring urgent behaviors in multi-AI, multi-person interactions. It is also an open, collaborative synchronous service where many people and chatbots can converse with each other.
ACT connects multiple AI agents (such as GOAT), allowing AI agents and humans to communicate with each other, rather than just one person babbling nonsense.
Tags: MEME
Ecosystem: Solana
Established: 2024
2. Financing Situation
Marc Andreessen funded this project with $32,000. And who is Marc Andreessen? He is the founder of a16z, one of the largest venture capital firms in the world, managing over $42 billion in funds in 2024. ACT is one of the two projects funded by Marc Andreessen, the other being GOAT.
3. Token Economics
The total supply/maximum supply of Act I is 1 billion tokens, with the specific allocation as follows:
1. Circulating Supply: 948,246,600 ACT
2. Total Supply: 948,246,614.07 ACT
3. Maximum Supply: 999,999,360.08 ACT
4. Circulating Market Cap: $410.37M
5. Fully Diluted Market Cap: $432.77M
4. Token Price
Yesterday, after Binance announced the listing of ACT and tagged it as a seed project, this news ignited market sentiment, causing ACT to surge over tenfold in a short time. According to the DEX Screener data at that time, [ACT's intraday highest increase reached 1445.4%, with its market value soaring from over 20 million USD to a peak of 300 million USD, and over 230 million USD in trading volume in the past 24 hours.] This is also one of the few low-market-cap MEME coins that Binance has listed this year, being a dark horse.
As of now, the price of ACT is 0.5014, with a price increase of 2222.8%, which is quite substantial. The trading volume in the past 24 hours was 1.4 billion USD, with the historical highest and lowest prices being 0.5107 USD and 0.02091 USD respectively. The initial market value surged from 20 million USD to 400 million USD, indicating that today's rise in ACT is indeed significant, attracting a lot of investors' attention.
5. Summary
The AI Meme concept has ushered in a new wave of popularity, and Act I is undoubtedly a hot token right now, with a market value currently reaching 400 million USD. Act I is one of the few projects exploring how to interact with artificial intelligence; it is no longer a cold, one-on-one user/assistant model but a network symbolizing equality.
The current total market value of ACT tokens has reached 400 million USD, definitely a dark horse, well-liked by many investors!
Disclaimer: All information in this article is for communication and sharing purposes only and does not constitute any investment advice. Please comply with the relevant laws and regulations in your area. Investing is at your own risk.
