ACX and ORCA Surge After Binance Listing Announcement

ACX and ORCA, the native tokens of Across Protocol and Orca, have seen significant price surges following the announcement that they will be listed on Binance. The ACX/USDT and ORCA/USDT trading pairs will be available for trading starting 12:00 UTC on December 6, with withdrawals set to open at 13:00 UTC on December 7. This announcement has sparked a dramatic rise in the prices of both tokens.

ACX Soars 147% to Reach New All-Time High

Immediately following Binance’s announcement, ACX, the token of Across Protocol, experienced a staggering price increase of 147%, hitting an all-time high of $1.44. At the time of writing, ACX is trading at around $1.41, marking a 257.1% increase in price over the past week. This surge has driven Across Protocol’s market capitalization to approximately $647 million, with a fully diluted market cap of $1.4 billion. The surge in ACX’s price is a clear indication of the massive interest from traders and investors, with the token’s trading volume soaring by an eye-watering 2,227% compared to the previous day.

The increase in price also highlights the growing popularity of the Across Protocol, which facilitates cross-chain bridges, allowing assets to move seamlessly between different blockchains. This utility has made the ACX token highly sought after, and its listing on Binance is seen as a significant step in bringing more attention to the platform.

ORCA Jumps 90% But Falls Short of All-Time High

Similarly, ORCA, the native token of Orca, a decentralized exchange (DEX) on the Solana blockchain, also saw a dramatic increase in price following the Binance listing announcement. ORCA surged by nearly 90% within a 24-hour period, although it did not quite reach its all-time high. At the time of writing, ORCA is trading at around $7.74, reflecting the surge in interest. ORCA now boasts a market capitalization of $379 million, with a fully diluted valuation of $718 million.

The price of ORCA also reflects the growing interest in decentralized finance (DeFi) and decentralized exchanges on the Solana blockchain. The DEX’s ability to offer fast and low-cost transactions has contributed to its increasing popularity. The Binance listing is expected to further bolster ORCA’s position in the market, attracting more liquidity and expanding its user base.

Seed Tags and Increased Volatility

Both ACX and ORCA tokens are marked with “seed tags” by Binance, a warning sign that these tokens are relatively new projects and may experience higher volatility compared to more established tokens. Binance uses seed tags to signal tokens with increased risk, and as part of the listing process, users will need to pass a quiz about the Binance Spot and Binance Margin platforms every 90 days to gain access to these tokens.

Despite the added volatility risk, the listing of ACX and ORCA has attracted significant interest, with both tokens experiencing record-breaking surges in trading volumes. Investors and traders are eagerly watching how these tokens perform in the coming days, as the Binance listing is expected to bring in even more market attention.

Binance Listing Drives Significant Price Action

The Binance listings of ACX and ORCA have generated significant price action, driving both tokens to new heights. ACX’s 147% surge and ORCA’s 90% increase are clear signs of the growing demand for these tokens and the increased exposure that comes with being listed on one of the largest cryptocurrency exchanges in the world. As both tokens continue to gain attention, the added liquidity and visibility on Binance are expected to drive further growth and potentially more volatility.

With both projects positioned to benefit from increased market interest, the coming days will be crucial in determining whether ACX and ORCA can maintain their momentum and establish themselves as strong players in the cryptocurrency and decentralized finance ecosystems.