Binance has made an announcement regarding the listing of Across Protocol’s ACX token and Orca’s ORCA token. This has led to significant price movements for both.
Effective from 13:00 UTC on December 6, 2024, spot trading for the ACX/USDT and ORCA/USDT pairs was initiated. The withdrawals for these tokens commenced at 13:00 UTC on December 7.
It should be noted that Binance will apply seed tags to these newly listed tokens. The exchange uses such tags to denote relatively new projects that might possess greater volatility and risk in comparison to other tokens on the platform.
Subsequent to the news, ACX witnessed a remarkable 147% spike, attaining a new record high of $1.44. At the moment of writing, ACX is valued at $1.12, signifying a 174% growth over the past week.
The market capitalization of the ACX token has reached $371 million, with a fully diluted volume of $1.12 billion. The trading volume of ACX has soared by more than 13,433% in contrast to the previous day, highlighting the sudden influx of interest following Binance’s listing.
In a similar vein, ORCA experienced an approximately 90% price increase within 24 hours of being listed on Binance. However, it did not reach an all-time high. Currently, ORCA is priced at $7.06, having a market cap of $377 million and a fully diluted valuation of $706 million. Its trading volume has augmented by 4624% compared to the prior day.
Binance users need to take quizzes related to the exchange’s Spot and Margin platforms and abide by the terms of service every 90 days to obtain trading access to ACX and ORCA.
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