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 entities such as Flow Traders, Amber Group, and GSR Markets are closely linked to $ACX. Flow Traders previously received 10 million $ACX tokens from a UMA multi-signature address two months ago, valued at $2.94 million at the time.
Similarly, Amber Group obtained 3.68 million tokens from exchanges eight months ago, while GSR Markets has been interacting with $ACX for over 10 months.
Flow Traders，Amber Group，GSR Markets 或均为币安新上线代币 $ACX 的做市商⚖
其中 Flow Traders 两个月前刚从 UMA 多签地址处收到 1000 万枚 ACX 用于做市，当时价值 294 万美金
Amber 是八个月前从各大交易所收到的 368 万枚代币，而 GSR Markets 的交互则从 10 个月前就已开始，会更早一些 https://t.co/oQodKJAPzM pic.twitter.com/hISYf6S15E
— Ai 姨 (@ai_9684xtpa) December 6, 2024
Whale Activity and Profit-Taking
Early investors, or “ancient whales,” have begun offloading $ACX tokens. Between November 2022 and March 2024, one whale received 12.03 million tokens from the Across Protocol multi-signature wallet at an estimated cost of $0.1208 per token.
Within the past hour, this whale sold 2.4 million tokens for $2.85 million at an average price of $1.19, netting a profit of $2.56 million.
. $ACX 远古巨鲸（或为早期投资者）正在抛售代币！🐋
2022.11 – 2024.03 期间，该巨鲸累计从 Across Protocol 多签钱包处收到 1203 万枚 ACX，若以接收价格作为成本估算，其平均成本为 $0.1208
过去 50 分钟，他在链上以均价 $1.19 抛售了 240 万枚代币（价值 285 万美金），已获利 256 万美金 pic.twitter.com/yDIrHw1KvI
— Ai 姨 (@ai_9684xtpa) December 6, 2024
Across Protocol Innovations
The Across Protocol, which powers $ACX, is gaining traction as a leading cross-chain bridge. The team recently collaborated with Uniswap to develop the ERC-7683 standard, addressing liquidity fragmentation between Ethereum and its Layer 2 solutions.
Across has been averaging $78M in daily bridged volume in L7Ds, making avg of $80k in daily fees (annualizes to $29M in FEES).$ACX – $1B FDV target before EOY still stands.
⏰⏰ Tic Tac… Binance Tic Tac… https://t.co/Kk85nAPHGl pic.twitter.com/go5K89wdPA
— tumilet (@tumilett) December 5, 2024
According to DeFiLlama, Across ranks third in cross-chain bridge transaction volume, averaging $78 million daily over the past week and generating $80,000 in daily fees—an annualized $29 million.
最近关注的一个币种 – $ACX @AcrossProtocol , 目前流通市值70M 左右。Across 团队最近和Uniswap团队一起合作制定了ERC-7683 标准，这个标准主要是为了解决当前ETH和其L2之间的流动性割裂的问题，这也是目前以太坊正在极力要解决的问题。根据https://t.co/0ZuFiucTpH的数据，目前Across… pic.twitter.com/4e79O5RPF2
— LukeMa👻 | (d/acc🤖) (@lukema95) December 5, 2024
This promising innovation positions $ACX for further growth despite current market fluctuations.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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