‘Binance Effect’: Peanut Squirrel: Act 1: AI Prediction Meme Coin Skyrocket

Two rising Solana Mem coins created by Pump. Fun The launch pad has increased in price. Binance announced Lists signals for location marketing. Along with this, one of Token Clear's co-founders spoke about the creation of mm coin, and called for its name to be changed.

Act 1: AI Prophecy (ACT) and Peanut squirrel (PNUT) are both listed on leading cryptocurrency exchange Binance for spot trading, although they are tagged as highly volatile assets. This has caused both tokens to see parabolic gains, which many call the “Binance Effect”.

PNUT jumped from a market cap of $129 million to $447.5 million—a 247 percent increase—within a matter of hours, though at a price of $0.41 more than $422 million a copy.

The meme coin was inspired by a beloved pet scorpion named Peanut, who was conceived by New York state officials against his owner's wishes, creating a social media frenzy as the unexpected choice entered the election cycle.

Meanwhile, ACT surged more than 2,000% in the 10 hours since the listing announcement, from a market capitalization of $21 million to nearly $460 million.

According to the authority SiteACT stands for AI Community Token and claims to be focused “on the advancement of AI research, education and collaboration.” According to the meme coin website, it was created by Twitter user Amplifiedamp (also known as Amp), who soon left the community after selling their tokens and saying “you've been betrayed”.

But that's not the story this amp tells.

“I'm not comfortable with the ACT currency and always have been. [using] My branding is posted without my permission” amp Twitter. “I have distributed, burned or sold all ACT tokens that were issued to me. I wish to register on no more centralized exchanges.

He added that he had seized the coin.Annoying,” He said that the society will regularly abuse them by ignoring the request to them to refrain from doing this. amp He asked publicly He proposed that the token be rebranded, creating a new modern contract. Smart contracts contain code that powers things like decentralized applications (dapps), tokens, and NFTs.

Act I was originally created by Amp in August, months before the launch of Meme Coin. was a Fundraising project Amp was looking to depend on a few to help fund researchers and AI agents Individuals with big money. Others in the space created the token through Pump.fun, donating a portion of the token supply to contribute to this goal.

This is the second wave of Pump.fun tokens that were first listed on the world's largest centralized exchange. Goat Maximus (GOAT), another AI meme coin, and a coin based on the viral pygmy hippopotamus Moo Deng (MOODENG)—both listed for futures trading on Binance in late October.

Interestingly, both PNUT and ACT are listed for spot trading instead. Futures trading requires users to buy or sell an asset at a specific time, quantity and price – this is done to limit volatility. Meanwhile, spot trading allows traders to buy or sell their assets as they see fit.

Now, four out of five Pump. Fun Tokens They are listed on Binance somewhat by market cap, which is increasing. fog (FOG) to be the only one from that set not listed on the exchange.

Edited by Andrew Hayward.