Binance recently announced the listing of Across Protocol’s ACX token and Orca’s ORCA token, sparking significant price increases for both.
Starting December 6, 2024, at 13:00 UTC, spot trading for the ACX/USDT and ORCA/USDT pairs became available. Withdrawals for these tokens opened on December 7 at 13:00 UTC.
However, Binance has stated that seed tags will be applied to the aforementioned tokens upon listing. Binance uses seed tags to identify relatively young projects that may be more volatile and risky than other tokens on the exchange.
After the news, ACX saw a massive 147% surge, reaching a new all-time high of $1.44. At the time of writing, ACX was priced at $1.12, representing a 174% increase over the past week.
The token’s market cap reached $371 million, with a fully diluted volume of $1.12 billion. Trading volume for ACX surged by over 13,433% compared to the previous day, reflecting a rush of interest after the Binance announcement.
Similarly, ORCA saw a nearly 90% price jump within 24 hours of the Binance listing. However, ORCA did not reach an all-time high. As of now, ORCA is priced at $7.06, with a market cap of $377 million and a fully diluted valuation of $706 million. Its trading volume increased by 4624% compared to the previous day.
Binance users will be required to take quizzes regarding the exchange’s Spot and Margin platforms, as well as adhere to the terms of service, every 90 days in order to gain trading access to ACX and ORCA.
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