What Excited Investors

The market frenzy is primarily driven by the new governance proposal offering token holders two tangible options. ACX’s surge is explained by the 25% premium buyback guarantee or the chance to receive 1:1 equity in the new “AcrossCo” company. This structural change is interpreted not as speculative hype but as the market pricing a corporate “floor” and potential equity value.

Volume Spike and the Critical March 26 Vote

Prior to the announcement, ACX traded around $0.033. The proposal pushed it to $0.07, stabilizing near $0.06. This reflects investors pricing in higher buyout offers or the equity option’s potential. Over the last 24 hours, trading volume reached $149 million, roughly 3.5× the market cap, indicating speculative intensity. The next two weeks of governance discussions will determine if this interest translates into the corporate transition or remains a buyback play.

DeFi Community and Perspective Shifts

DeFi advocates long argued that tokens and DAOs offer superior decentralized growth structures. However, Across’ team claims the current token structure actively limits growth. Risk Labs, backing the proposal, notes ACX is “significantly undervalued” and frames the plan as a chance to attract corporate investment. Interestingly, some investors still consider the legacy DAO model, but many bet on the long-term value of equity options—highlighting micro-perspective shifts in market sentiment.

AcrossCo and Future Plans

The Risk Labs team confirmed that the DAO setup obstructs corporate partnerships and revenue agreements. Indeed, large enterprises rarely rely solely on “smart contracts” or anonymous communities to formalize legal arrangements. The new entity, AcrossCo, will manage all intellectual property and development, increasing capacity for actionable agreements and direct stakeholder value.

So, the often-complex nature of decentralization is yielding to a predictable corporate model. Especially, whales holding over 5 million ACX can convert tokens directly into equity, while smaller investors gain access via an SPV structure starting at 250,000 ACX.

Ultimately, the move tests the DeFi maxim “token is everything.” Luckily, the market favors economic rationality over ideology. The corporate shift offers a framework for investors to understand and manage risks, potentially ending ACX’s undervaluation.

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Sharp ACX Price Drop

ACX plunged from approximately $0.151 to $0.134 after allegations surfaced. At the time of writing, ACX is down 12.5% in the last 24 hours and 41% over the past month.

DAO Misconduct Allegations

Ogle, the pseudonymous founder of Glue, claimed the Across Protocol team used community treasury tokens—worth roughly $23 million—for their private entity. He further alleged the use of secret wallets tied to Risk Labs’ CEO Hart Lambur and others to push through opaque proposals.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Across Protocol Fires Back

Hart Lambur swiftly dismissed the claims as entirely false. He clarified that Risk Labs, a Cayman-based non-profit, used treasury grants for protocol advancement—not private gain. Lambur emphasized transparency in governance, stating token grants remain untouched and housed in multisig wallets. He also insisted that neither he nor the team had insider knowledge regarding the Binance listing, which they learned from a tweet.

These allegations shine a spotlight on the need for stronger transparency and governance within DAOs. Token voting practices and treasury management continue to be critical concerns for crypto investors.

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The post ACX Price Crashed Due to Incoming Claims! Response from the Team appeared first on Coin Engineer.

Binance, the world’s leading cryptocurrency and Bitcoin exchange, announced that trading for ACX and ORCA tokens will begin on December 6, 2024 at 16:00 (TSI).

According to the announcement, users can start depositing ACX and ORCA tokens into their Binance accounts immediately prior to trading. Token withdrawals will open on December 7, 2024 at 16:00 (TSI).

What is Across Protocol (ACX)?

Across Protocol (ACX): Across is an interoperability protocol that enables seamless data and asset transfer between blockchain networks.
ACX Smart Contract Address (Ethereum): 0x44108f0223A3C3028F5Fe7AEC7f9bb2E66beF82F

What is Orca (ORCA)?

Orca (ORCA): Orca is a decentralized exchange (DEX) running on the Solana blockchain.
ORCA Smart Contract Address (Solana): orcaEKTdK7LKz57vaAYr9QeNsVEPfiu6QeMU1kektZE
ACX and ORCA tokens are among the new projects with high volatility risk. Binance will apply the “Seed” tag for these tokens.

What is the Seed Label?

A seed label is a mark applied to innovative but potentially risky projects. This label provides an additional measure for traders to be aware of potential risks.

Users who wish to trade tokens with the Seed tag must pass the relevant Seed Test every 90 days and agree to the Binance Terms of Use.

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The post Binance Lists Across Protocol (ACX) and Orca (ORCA)! appeared first on Coin Engineer.