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Across Protocol (ACX) Price Soars 140%, Orca 95% On Binance Listing
The world’s largest crypto exchange Binance announced a plan to list Across Protocol and Orca tokens today. The crypto exchange will add the crypto tokens in USDT spot trading pairs amid demand for the crypto community. As a result of the announcement, ACX price jumped 140% and ORCA Price climbed 95% immediately.
Binance Lists Across Protocol and Orca Spot Trading pairs
In an official announcement on December 6, Binance said it will list tokens of intents-driven interoperability bridge Across Protocol and decentralized exchange Orca. However, the crypto tokens will be listed with a seed tag applied, which means high volatility and risks are expected from these tokens.
The exchange to open trading for these tokens at 13:00 UTC on December 6. Users can start trading the crypto in ACX/USDT and ORCA/USDT spot pairs. Moreover, the withdrawals will open at 13:00 UTC on December 7.
Moreover, the top crypto exchange will add the tokens into Trading Bots and Spot Copy Trading for the aforementioned token within 24 hours of listing. Ethereum-based Across Protocol and Solana-based decentralized change are innovative projects and are used widely by the crypto community.
ACX Price Shoots 140%, ORCA Rockets 95%
Across Protocol (ACX) and ORCA have skyrocketed massively after the Binance announcement. Traders in spot and derivatives markets have moved immediately to buy these crypto tokens.
ACX price spikes over 140%, with the price currently trading at $1.41. The 24-hour low and high are $0.56 and $1.50, respectively. Furthermore, the trading volume has surged tremendously by 2268% over the last 24 hours, indicating immense interest among traders.
Early investors and whales are selling the Across Protocol token. A whale sold he sold 2.4 million tokens (worth $2.85 million) as the token price surpassed $1, making a profit of $2.56 million.
Notably, Bybit listed the ACXUSDT perpetual contract, offering up to 50x leverage. It’s the first ACX perpetual contract listing.
Meanwhile, ORCA price jumped 95% in the last 24 hours, with the price currently trading at $7.13. It hit a 24-hour high of $7.84 supported by a massive 2021% increase in trading volume.
Market maker Wintermute currently holds ORCA tokens valued at $4.2 million. In fact, the market maker withdrew 125,000 tokens from Coinbase just 12 hours before this announcement.
Binance also announced delisting of MAVIA, OMG, and BOND USD-Margined perpetual contracts shortly ahead, igniting price dip concerns.
Varinder Singh
Varinder has over 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently leading the news team to cover latest updates and developments in the crypto industry.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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