ACX Price Soars Nearly 150% to New All-Time High Following Binance Listing Announcement

The prices of ACX and ORCA tokens saw significant surges following an announcement from Binance regarding their upcoming listings. ACX, the token for Across Protocol, skyrocketed nearly 150%, while ORCA, the native token of the Solana-based decentralized exchange Orca, also saw a substantial price boost.

Binance Listing Announcement

Binance officially revealed that it would list the ACX and ORCA tokens on the exchange, with spot trading pairs for both tokens becoming available starting December 6, 13:00 UTC. The trading pairs for ACX and ORCA will be ACX/USDT and ORCA/USDT, respectively. Withdrawals for both tokens will be enabled the following day, December 7, at 13:00 UTC.

However, Binance also issued a warning by applying seed tags to both tokens, which are used to flag new and relatively volatile projects that might carry higher risks compared to more established assets.

ACX Hits New Heights

Following the announcement, ACX, the token for the bridge platform Across Protocol, saw an astonishing price jump of around 147%, reaching a new all-time high of $1.44. At the time of writing, ACX is trading at $1.41, reflecting a 257% price increase in the past week. The token now boasts a market capitalization of $647 million and a fully diluted volume of $1.4 billion.

ACX’s trading volume surged by a remarkable 2,227% compared to the previous day, indicating a significant influx of interest from traders drawn to the token following its Binance listing.

ORCA Also Sees a Surge

Similarly, ORCA, the native token of Orca, a decentralized exchange on the Solana blockchain, experienced a near 90% price increase in the 24 hours following the Binance listing announcement. Though ORCA did not hit a new all-time high like ACX, it is currently trading at $7.74. ORCA’s market cap stands at $379 million, with a fully diluted valuation of $718 million. Its trading volume increased by 1,933% compared to the previous day.

Seed Tags and User Requirements

Since both ACX and ORCA are listed with seed tags, Binance users will be required to complete quizzes about the platform and accept the exchange’s terms of use every 90 days to gain trading access to these tokens. This measure ensures users are aware of the higher volatility risks associated with these newly listed tokens.

Conclusion

The Binance listing has brought significant attention to both ACX and ORCA, driving a wave of investor interest and boosting their prices dramatically. As trading volume spikes and market interest grows, these tokens are proving their potential in the competitive crypto market.