The cryptocurrency exchange Binance announced that it will list the altcoins Act I: The AI Prophecy (ACT) and Peanut the Squirrel (PNUT) on November 11, 2024. Users will have trading pairs available as ACT/USDT and PNUT/USDT. Trading will commence today at 13:00 (UTC). With this new listing, the expectation is that these coins will gain wider access among users. Additionally, the withdrawal process for ACT and PNUT will begin on November 12, 2024, at 13:00 (UTC).
High Risk and Volatility Alert for Traders
Binance will apply a “Seed” label to both ACT and PNUT, highlighting their potential risk. The Seed label indicates that while these projects are innovative, they may also possess high volatility.
The exchange urged traders to manage risk adequately and to conduct thorough research on the projects. The classification of ACT and PNUT as “memecoins” is a factor that could further increase market volatility.
What Are ACT and PNUT Coins?
ACT and PNUT coins are categorized as memecoins developed on the Solana 
$199 blockchain. ACT draws attention as a project titled Act I: The AI Prophecy, while PNUT is named after Peanut the Squirrel. Binance has shared the smart contract addresses for both altcoins, allowing users to access them on the Solana blockchain and facilitate transfers via these wallet addresses.
Lastly, Binance cautioned investors about the high risks and volatility involved. It was emphasized that newly launched altcoins could experience sudden price fluctuations, urging users to assess their investments carefully.
