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.

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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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In an official announcement on its Twitter account, Coinbase Assets stated that asset transfers to the exchange for ACX will be facilitated through the Ethereum (ETH) network. The platform cautioned users to be vigilant when transferring assets from other networks.

Coinbase noted that ACX trading will not be supported in certain restricted jurisdictions. Trading will commence once sufficient liquidity is established, and users will be able to trade in USD pairs when adequate supply is available.

According to CoinGecko data, the news of the listing caused a significant surge in the price of ACX. ACX experienced a 10% increase, rising from $0.3759 to $0.4151. At the time of writing, it is trading at $0.395.

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The post Coinbase Lists New Altcoin: Across Protocol (ACX) Soars appeared first on Coin Engineer.

Following this evolution, the ZETA price began to grow. Token moved from $0.44 to $0.51 during the day really forcefully. ZETA is trading at $0.50 at the moment of writing, up over 17% daily. Concurrently, the trading volume of the token increased astonishingly, by 330%. This suggests traders’ and investors’ increasing curiosity in ZETA.

For Across Protocol (ACX), Coinbase made a comparable revelation. After closely observing it for some time, the trade will thus add ACX to its list.

Following this development, the ACX price began to climb. During the day, the altcoin climbed vertically from $0.32 to $0.3751. At the time of writing, ACX is trading at around $0.36, up about 13% on a daily basis. ACX’s trading volume, in the in the meantime, also showed an amazing surge of 328%. This suggests traders’ and investors’ growing curiosity about the token.

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The post ZETA and ACX Prices Surge After Coinbase Listing News appeared first on Coin Engineer.