Binance has unveiled its highly anticipated cross-chain protocol, $ACX, sparking significant trading activity. Shortly after the announcement, an address (0x4e3…8e537) spent 510 ETH ($1.98 million) to acquire 1.26 million $ACX tokens at an average price of $1.562. All tokens were subsequently deposited on Binance, suggesting plans to sell at a higher price. However, with $ACX currently trading at $1.24, the wallet faces a floating loss of $408,000. 币安上线跨链协议 $ACX —— 公告发布后新地址 0x4e3…8e537 花费 510 枚 ETH（198 万美金）果断在链上买入 126 万枚代币，平均成本 $1.562 目前他已经所有代币充值进 #Binance，看来是打算博高位开盘了；按现价 $1.24 计算，他已浮亏 40.8 万美金https://t.co/GWvOQ0Fbwy pic.twitter.com/p6gyjt6RaS — Ai 姨 (@ai_9684xtpa) December 6, 2024 Market Makers Driving Activity   Key market-making

The post Binance Launches Cross-Chain Protocol $ACX Amid Mixed Market Activity appeared first on The Merkle News.

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Investors are worried the may not be able to recoup their funds from ACX, now that parent company Blockchain Global has entered voluntary administration.

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