ACT (AI Prophecy “Act I”)

Mar 18, 2025

A Decentralized AI Collaboration Platform Turned Viral Meme Coin

ACT, also known as “Act I: The AI Prophecy”, is an AI agent collaboration platform designed to enable multi-agent interaction, allowing users to interact with multiple AI models simultaneously. The project’s goal is to facilitate cooperation between different AI agents—whether text-based, image-processing, or trading bots—to solve complex tasks.

Initially, ACT was a niche decentralized AI research community project but later exploded as a meme-worthy token following GOAT’s massive success. The project’s early ties to the Terminal of Truth (Andy, its founder, was an early ACT community member) gave it an additional boost in credibility and recognition.

At its core, ACT represents an AI agent platform (multi-agent system) wrapped in a meme coin narrative. While GOAT was purely a speculative play, ACT positioned itself as a more technologically ambitious project, blending both AI collaboration and speculative trading hype.

Price Performance: A Rollercoaster of Gains and Crashes

ACT’s journey in late 2024 was nothing short of wild, experiencing both catastrophic drops and massive rebounds.

  • Launch Date: October 19, 2024
  • Initial Price: $0.0002
  • First-Day Surge: Exploded to $0.04 (+19,900% in hours)
  • Market Cap on Day 1: $40M
  • Collapse: Plummeted back to $0.002 after a major sell-off by a rogue developer (Amp)
  • Community Takeover & Binance Listing:
    • November 11: Binance listed ACT, causing an immediate 10× pump within an hour ($0.02 → $0.23)
    • Market cap jumped from $20M to $230M in just 60 minutes
  • Peak Price (November 14, 2024): $0.90
  • Peak Market Cap: Approaching $1B
  • Total ROI from Post-Crash Low: 450× increase
  • ROI from Initial Price: 4,500× return for early buyers

Despite one of the most dramatic crashes of 2024, ACT staged an unbelievable comeback. The coin remained volatile, stabilizing around $0.40–$0.50 by late 2024—still a several-hundred-fold gain from launch.

ACT became one of the most dramatic redemption stories of the year, proving that in crypto, community resilience can resurrect even the most doomed projects.

Market Conditions: Riding the AI Meme Wave and Binance Effect

ACT’s meteoric rise and recovery were deeply tied to broader AI meme coin trends and Binance’s direct involvement.

1. AI Meme Coin Mania (GOAT’s Influence)

  • ACT launched just a week after GOAT, at a time when investors were desperately hunting for "the next GOAT."
  • When GOAT’s rally cooled, traders rotated into ACT, speculating that it could follow a similar trajectory.

2. Binance Listing Turned ACT into a Top Gainer

  • The absolute turning point was Binance’s November 11, 2024 listing of ACT, where Binance:
    • Labeled it as an "AI" seed token, immediately giving it legitimacy.
    • Created a flood of liquidity, enabling massive price spikes.
  • Binance's endorsement alone transformed ACT from a dying project into a billion-dollar token.

3. Bitcoin & Altcoin Momentum Provided Tailwinds

  • Bitcoin was surging in late 2024, and altcoins were experiencing a risk-on cycle.
  • With altcoins pumping across the board, speculative bets like ACT became highly attractive to traders looking for explosive gains.

In short, ACT’s revival was fueled by a perfect mix of speculation, community-driven hype, and the Binance listing catalyst.

Adoption & Community: A Meme Coin That Became a Movement

ACT’s success wasn’t just about market timing—it was about community strength.

1. Community-Led Revival After Developer Betrayal

  • ACT was originally a decentralized AI research initiative on the Manifold (ManiFund) platform.
  • In September 2024, it raised $66.5K in crowdfunding, including a $32K donation from Marc Andreessen.
  • However, one of its developers, Amp, dumped a massive amount of tokens, leading to a near-collapse in October 2024.
  • Instead of abandoning the project, the community rallied together, removed Amp, and took over governance.
  • This underdog comeback story became a key part of ACT’s marketing narrative, attracting more buyers.

2. Binance Listing Opened the Floodgates

  • After the Binance listing, tens of thousands of new holders joined ACT within days.
  • Trading volumes soared into the hundreds of millions, making ACT one of the most actively traded AI tokens.
  • On-chain activity spiked, placing ACT among the most-transferred tokens on Binance Smart Chain (BSC).

3. Cross-Pollination with the Terminal of Truth Community

  • Andy (the Terminal of Truth creator) was an early ACT community member, which helped bring GOAT traders into ACT.
  • This overlap in user base allowed ACT to tap into an already-engaged audience hungry for AI-driven tokens.

Ultimately, ACT’s adoption was driven by its grassroots community, its legendary comeback story, and the credibility boost from Binance.

Tokenomics & Incentives: From Centralization Risk to Community Ownership

ACT’s tokenomics played a critical role in both its downfall and revival.

1. The Initial Problem: Developer Dumping (Amp’s Betrayal)

  • 6% of the total supply was allocated to developer Amp, which allowed him to sell a massive portion early on.
  • This triggered a massive sell-off, sending ACT into free fall.
  • After Amp was removed, the project shifted toward a more decentralized model.

2. The Binance Effect & New Tokenomics Narrative

  • Binance’s “Seed tag” designation encouraged users to research and buy ACT, giving it a reputation boost.
  • Unlike many AI tokens, ACT had no complex staking or farming rewards—its main incentive was pure speculative upside.
  • After the Binance listing, a large share of trading volume moved to Binance’s order books, stabilizing liquidity and reducing volatility.

3. A Fairer, More Community-Driven Token Model Emerged

  • Once Amp was gone, the remaining supply was fairly distributed, meaning no large insider holdings to dump.
  • With no inflation, ACT’s scarcity + hype kept buying pressure high.

ACT’s tokenomics shifted from a centralized risk to a fully community-driven asset, and this perception shift played a key role in its price resurgence.

Competitive Advantages: Combining Hype and Substance

ACT succeeded not just as a meme coin, but as a project with an AI roadmap.

1. More Substance Than GOAT

  • While GOAT was purely speculative, ACT had a legitimate AI collaboration vision, which attracted longer-term believers.

2. Binance-Backed vs. Other AI Tokens

  • Many AI tokens launched in late 2024, but ACT was one of the only ones Binance endorsed, giving it a huge visibility advantage.

3. The Ultimate Underdog Comeback Story

  • ACT turned one of the biggest token dumps of the year into one of the biggest comebacks.
  • The narrative of community ownership and resilience gave ACT a reputation that copycats couldn’t match.

Categories