Solana-Based Meme Coin ACT Plunges Nearly 50 Percent Amid Market Selloff

Solana-backed meme coin “Act I: The AI Prophecy” (ACT) has dropped sharply, losing nearly 50 percent of its value in 24 hours. The token, which trades under the ACT ticker on Binance, fell dramatically from $0.19 to $0.0959.

CoinMarketCap posted ACT token market capitalization reached $90.47 million with a 49.33 percent decline after their recent update. During this period, ACT experienced a more than 1,480 percent increase in trading volume, which reached $372.86 million.

ACT/USDT suffered a 49 percent price decrease in an unusually short period that lasted only one candlestick period. A recent tweet by CoinGlass analyzed the abnormal trading patterns because of the quick price reduction, which initially started at $0.19 and ended at $0.0959.

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Multiple Tokens Affected in Coordinated Market Movement

The price drop reports indicate that ACT was not the sole token affected during this event. Records from Wu Blockchain show that a group of alternative coins experienced parallel pricing patterns simultaneously. During 6:30 p.m. UTC, the trading pair DEXE/USDT declined by 23 percent while DF/USDT experienced a 16 percent price reduction.

Various experts in the market believe the unexpected price drop stemmed from multiple rapid large-scale sell orders placed separately. The trading activity produced liquidity problems and rapid market price fluctuations in the trading system.

Market statistics indicate that spot trading activity surged dramatically during this market selloff period, thus confirming suspicions about coordinated computer-based selling practices. The interpretation of market behavior during the high-volume movement became problematic for traders at ACT.

The token ACT introduced to the market during the last quarter of 2024 was developed for a Discord community that employs AI chatbots. Users of the server identified as X (formerly Twitter) initially promoted it but now face criticism after the system failure. An initial promoter supporting ACT has chosen to leave their connection after selling all their tokens.

Meme coin trading dynamics featuring ACT are famous for their uncommonly jagged price movements and unclear market behavior patterns. These tokens’ price movement depends mainly on market liquidity levels, community member opinions, and spontaneous market responses.

Conclusion

Due to the ACT crypto price collapse, meme coins experience increased vulnerability risks during rapid price changes. Other crypto assets joined ACT in suffering deep losses as the market demonstrated instability while high-volume disposal activities affected under liquid tokens.

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