PNUT Whale Withdraws $6 Million in ACT Tokens From Binance: Bullish or Just Moving Funds?

• PNUT whale withdraws $6M in ACT tokens from Binance, raising bullish market speculation.
• ACT gains attention amid price surges and corrections.
• ACT trades at $0.56 after a 2148% surge; RSI hints at short-term bearish momentum easing.

A major Peanut the Squirrel (PNUT) whale, ranked ninth among Act I: The AI Prophecy (ACT) token holders, has pulled 10 million ACT tokens from the Binance exchange. This move suggests the whale is bullish on the future price trajectory of the ACT token.

Arkham Intelligence reports that the PNUT whale, identified as “6jtAdr…ijN8Ci,” withdrew 10 million ACT (worth about $6.11 million) from Binance at 21:38-21:39 UTC+8 on Monday. This caught the attention of the crypto community. As of this writing, ACT trades at $0.5603, down 3% over the past day. The withdrawn tokens have a current value of $5,624,315.

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The whale address also holds roughly $12.1 million worth of PNUT and $1.58 million worth of Goatseus Maximus (GOAT). The wallet’s total value is a substantial $19.68 million, down $191,83K in 24 hours. The wallet’s holdings include 10 million ACT, 10 million PNUT, and 2 million GOAT tokens, plus 5 million tokens each of OPUS and URO.

ACT Price Analysis

ACT ranks 153rd on CoinMarketCap. Its price has surged 2148.15% over the past month, reaching an all-time high of $0.942 over 18 days ago. This meme coin’s rapid rise relates to its Binance listing in early November, which expanded its investor base.

The 4-hour chart’s Relative Strength Index (RSI) shows declining bullish momentum for ACT. The RSI is below 50, indicating that bears have gained control in the short term. This suggests a continued price correction. However, the line’s gradient indicates the downtrend may be short-lived, as bearish pressure weakens.

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