{"investigation":{"slug":"act","entity_name":"ACT","trust_score":28,"severity_base":null,"score_modifier":0,"confidence":0.72,"status":"published","content_type":"investigation","summary":"Act I: The AI Prophecy (ACT) is a Solana-based AI-narrative memecoin launched via Pump.fun in October 2024 with no verified product utility. The token reached an all-time high of approximately $0.92 in November 2024 before declining over 98% to roughly $0.013 by mid-2026. It has been subject to a documented co-founder token dump, a suspicious 49% flash crash on Binance in April 2025 attributed to large coordinated sell orders, and broad sector criticism from on-chain investigator ZachXBT who labeled 99% of AI agent tokens as scams.","sections":[{"content":"ACT (Act I: The AI Prophecy) is a memecoin on the Solana blockchain that launched in October 2024 via Pump.fun, a platform enabling permissionless token creation with fair-launch mechanics and no presale allocations. The token carries a total supply of 1 billion, with approximately 948–950 million in circulation. Its contract address on Solana is GJAFwWjJ3vnTsrQVabjBVK2TYB1YtRCQXRDfDgUnpump. The project describes itself as a decentralized open-source protocol for exploring multi-agent AI interaction, though no working product has been independently verified. The project was listed on Raydium following its Pump.fun graduation and later listed on Binance and Crypto.com in November 2024.","heading":"Token Overview and Launch Mechanics","sources":[],"severity":"medium"},{"content":"A key co-founder identified as AmplifiedAmp (also referred to as Amp) held approximately 6% of the total token supply, funded by community contributions intended for project development. According to reporting by ChainCatcher, Amp repeatedly issued statements suggesting alignment with the community while covertly liquidating his entire token allocation. The community characterized this as a betrayal rather than a transparent exit. Had Amp retained the tokens through the Binance listing surge, the position would have been worth an estimated $19 million. Following Amp's exit, the project transitioned to a self-described community-governed structure. No formal regulatory action has been taken in connection with this event.","heading":"Co-Founder Token Dump (Insider Sell)","sources":[],"severity":"medium"},{"content":"ACT launched at minimal valuations near $0.01 in October 2024. Following its Binance listing announcement on November 11, 2024, the token surged over 2,600%, with its price rising from approximately $0.019 to $0.47 within hours; it subsequently reached an all-time high of approximately $0.92 on November 14, 2024, at which point market capitalization briefly exceeded $500 million. By mid-2026, the token trades near $0.013, representing a decline of approximately 98.6% from its peak. The all-time low of $0.0071 was recorded in October 2025. Trading volume relative to market cap remains anomalously high (volume-to-market cap ratio above 60%), consistent with speculative and liquidation-driven activity rather than organic usage.","heading":"Market Trajectory and Extreme Volatility","sources":[],"severity":"medium"},{"content":"On April 1, 2025, ACT experienced a sudden 49% price collapse on Binance within approximately 30 minutes, falling from $0.19 to approximately $0.10. CoinDesk and The Block reported the event alongside simultaneous crashes in DEXE (down 23%) and DF (down 16%). Blockchain analytics firm Lookonchain attributed the crash to Binance updating leverage and margin tiers for ACT perpetual contracts shortly before the event. Binance's own investigation identified four accounts as responsible for the sell pressure: three VIP accounts executed approximately $514 million USDT in ACT sales, and one non-VIP account liquidated $540,000 following a deposit. Wu Blockchain described the trading pattern as suggesting potential market manipulation or a coordinated sell-off by large holders. Binance stated it found no evidence of a single account profiting disproportionately and denied proactively reducing user positions. The ACT team launched their own inquiry but released no definitive findings. The incident triggered a brief #BoycottBinance campaign on social media.","heading":"April 2025 Flash Crash on Binance","sources":[],"severity":"medium"},{"content":"On-chain investigator ZachXBT posted on X (formerly Twitter) in January 2025 stating: '99% of it [AI agent tokens] are a scam, and the AI agent wrapper grifts are probably worse than other past trends, to be honest. Because at least meme coins promise nothing, whereas AI coins try to larp as much as possible to appear legit to unsuspecting buyers.' ZachXBT did not name ACT specifically in this post; his criticism was directed at the AI agent token category broadly. AVOID.NET has tagged ACT as flagged by ZachXBT in the context of this categorical warning. BeInCrypto, BanklessTimes, and Cryptopolitan each independently covered these remarks. The criticism is consistent with ACT's profile: a Pump.fun-launched token with no demonstrated product, an AI branding overlay, and a history of insider selling.","heading":"ZachXBT and Sector-Level Criticism","sources":[],"severity":"medium"},{"content":"Following the exit of co-founder AmplifiedAmp, ACT has operated as an alleged community-governed project with no identified official leadership. The project website (actsol.xyz) lists no team members, legal entity, or registered jurisdiction. The project describes its governance as decentralized, relying on a loosely organized group of approximately five to six contributors at the time of the Binance listing. There is no whitepaper, no formal roadmap, and no audited smart contract from a recognized security firm beyond a CertiK security score of 3.8 out of 10, which is below the threshold typically associated with credible projects. The combination of anonymous governance, no utility product, and a prior insider dump represents a structurally elevated risk profile.","heading":"Project Governance and Team Transparency","sources":[],"severity":"medium"}],"timeline":[{"date":"2024-10","event":"ACT (Act I: The AI Prophecy) launches on Pump.fun on the Solana blockchain at minimal price near $0.01.","source":"","source_url":"https://coinmarketcap.com/currencies/act-i-the-ai-prophecy/","date_original":"2024-10-01"},{"date":"2024-10","event":"Co-founder AmplifiedAmp (Amp) begins and eventually completes covert liquidation of his entire 6% community-funded token allocation.","source":"","source_url":"https://www.chaincatcher.com/en/article/2151349","date_original":"2024-10-01"},{"date":"2024-11-11","event":"Binance lists ACT; token surges over 2,600% from approximately $0.019 to $0.47 within hours. Market cap briefly exceeds $500 million.","source":"","source_url":"https://coinstats.app/news/41f1db4594e37e73be7668e302154f418728ad745db79996479647b9a4838861_ACT-1:-The-AI-Prophecy-(ACT)-Token-Sees-2,600%25-Price-Surge-After-Binance-Listing/"},{"date":"2024-11-14","event":"ACT reaches all-time high of approximately $0.92, placing market capitalization above $500 million.","source":"","source_url":"https://www.coingecko.com/en/coins/act-i-the-ai-prophecy"},{"date":"2025-01-06","event":"ZachXBT posts on X calling 99% of AI agent tokens scams, stating they 'larp as much as possible to appear legit to unsuspecting buyers.' ACT's profile aligns with this categorical flag.","source":"","source_url":"https://x.com/zachxbt/status/1876091513475907690"},{"date":"2025-04","event":"ACT crashes 49% on Binance within 30 minutes following Binance margin tier update and alleged coordinated large-holder sell orders. $6.28 million in long positions liquidated.","source":"","source_url":"https://www.coindesk.com/markets/2025/04/01/some-crypto-tokens-plunge-50-within-minutes-on-binance-amid-suspected-trading-bot-glitch","date_original":"2025-04-01"},{"date":"2025-04-02","event":"Binance identifies four accounts responsible for the ACT sell-off. Wu Blockchain notes pattern suggesting potential market manipulation. ACT team launches investigation with no results published.","source":"","source_url":"https://crypto.news/act-team-launches-investigation-into-near-50-price-drop-on-binance/"},{"date":"2025-10-10","event":"ACT reaches all-time low of $0.0071, representing a 99.2% decline from its November 2024 all-time high.","source":"","source_url":"https://www.coingecko.com/en/coins/act-i-the-ai-prophecy"}],"sources_used":[],"source_tags":["zachxbt"],"addresses":[{"chain":"solana","label":"Act I : The AI Prophecy (ACT)","address":"GJAFwWjJ3vnTsrQVabjBVK2TYB1YtRCQXRDfDgUnpump"}],"reviewed":false,"reviewed_by":null,"model_used":"claude-sonnet","created_at":"2026-05-04T16:05:02.429234+00:00","updated_at":"2026-08-29T01:34:41.556+00:00"}}