ACT team launches investigation into near 50% price drop on Binance

$ ACT launched a survey after his token experienced a sharp price drop in the Binance.

In a statement On X, the act (ACT) The team assured their community that they actively approach the problem in collaboration with the parties concerned and develop a response plan alongside trust partners.

$ Act, also known as “the prophecy of the AI”, is a Solana (GROUND)) Memecoin based which drew attention to its unique approach to integration artificial intelligence In a decentralized community framework.

Launched on October 19, 2024, the project aims to democratize the knowledge of AI, which makes it accessible to a wider audience.

The platform facilitates interactions between users and advanced AI chatbots in a dynamic environment, encouraging collaborative exchanges and discussions on various subjects, including ethics and the development of AI.

A “bizarre dumping ground”

THE The decline is part of a broader trendSeveral altcoins losing between 20% and 50% Binance Pairs of trading spot.

A sudden drop in prices as this can occur for several reasons, including market-scale sales, major tokens holders, or problems linked to liquidity—The amount of tokens available to exchange at one point.

$ Act Initially leap More than 1,700% after being listed on Binance and Crypto.com, which increased its market capitalization to $ 422 million.

The project has seen volatility, especially after its founder, known as AMP, sold a large part of his assets and has moved away. This transition let $ act as a project focused on the community.

The current survey aims to determine whether the internal or external factors contributed to the last price movement. The team has assured holders that they provide updates when they collect more information.