ACX and ORCA drawing attention from investors amidst Binance token listing announcement.
ACX price jumped more than 100% and ORCA price rose by over 80%.
The crypto market slowed down slightly as Bitcoin is trading below $100K and altcoins trading in red. However, the overall market cap still maintains its all-time high value of $3.58 trillion and the total trading volume stands above $300 billion.
With the soaring token prices and Bitcoin crossing 6 figures combined with favorable market conditions in the US, the community is super active to invest and make the most of this bull run. Altcoins ACX and ORCA witnessed significant price surges today after Binance announced their token listing on the platform.
Binance Lists ACX and ORCA Tokens for Spot Trading
As per the latest announcement from Binance, Across Protocol’s native token ACX, and Orca’s ORCA are going to be listed on Binance today. Both of these tokens got the opportunity to be listed on Binance, being innovative projects in the early stages of development. Thus, both the tokens will get listed on Binance with a “Seed Tag.”
The new trading pairs ACX/USDT and ORCA/USDT will be available for trading on Binance from 6 Dec, 2024 at 13:00 UTC but withdrawals will be open after 24 hours. Users can avail trading bots and spot copy trading features for these tokens within 24 hours after token listing.
ACX and ORCA Prices Skyrocket Within Minutes
As Binance mentioned in its announcement, Across Protocol is an innovative project and stands out from the rest of the bridging protocols on Ethereum with its secure bridging technology. On the other hand, Orca is the simplest decentralized exchange on the Solana blockchain.
Just a few minutes after the Binance announcement, both ACX and ORCA token prices witnessed a substantial price surge by more than 100% and 80% respectively. While ACX went to as high as $1.45 from $0.6, ORCA is trading at $7.34 which was previously trading at around $4.
Binance announcement of token listing has often led to significant market price rises since it is one of the biggest crypto exchange platforms across the globe. The same trend reflected with ACX and ORCA, and the price trend triggered within minutes due to the super active community of investors, thanks to the bull market.
As per on-chain analytics platform Lookonchain, a whale withdrew 512 ETH from Binance and bought 1.27M ACX at $1.56 on DEX and deposited ACX back into Binance. Investors are betting on both ACX and ORCA with a confidence that both token prices will increase further in the upcoming days.
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