{"id":352070,"date":"2024-11-12T13:06:31","date_gmt":"2024-11-12T13:06:31","guid":{"rendered":"https:\/\/www.techopedia.com\/?post_type=news&p=352070"},"modified":"2024-11-12T13:06:31","modified_gmt":"2024-11-12T13:06:31","slug":"act-1-solana-memecoin","status":"publish","type":"news","link":"https:\/\/www.techopedia.com\/news\/act-1-solana-memecoin","title":{"rendered":"What is \u201cAct 1\u201d ($ACT)? Solana Memecoin Surges 2,200% in One Week"},"content":{"rendered":"
Act I: The AI Prophecy<\/strong> (ACT) has become the latest Solana<\/a> memecoin<\/a> to take the crypto world by storm. The token has experienced a dramatic 2,241% price surge over the past seven days<\/strong>, fueled by major exchange listings<\/a> on Binance and Crypto.com.<\/p>\n As of November 12, 2024, ACT is trading at $0.55<\/a>, up by almost 12% over the past day. The token also hit a new all-time high of $0.6198 earlier today, according to data from CoinMarketCap<\/a>.<\/p>\n In the last 24 hours, ACT’s market capitalization<\/a> reached $522.56 million, while trading volumes skyrocketed to $1.12 billion, reflecting a strong 237.93% volume-to-market cap ratio.<\/p>\n The total supply<\/a> of ACT stands at 948.25 million tokens, with its circulating supply<\/a> fully matched, leaving little room for inflationary concerns. The token’s fully diluted valuation (FDV) is approximately $490.10 million.<\/p>\n Let’s explore Act 1’s background and what might happen next.<\/p>\n