ACT developers: All ACT holdings have been distributed, destroyed or sold
On November 11th, AMP, the developer of the ACT project, posted on social media that they have distributed, destroyed, or sold all the ACT tokens they received. They hope that it will no longer be listed on any centralized exchange (CEXs). They are glad to be rid of it. It is understood that AMP is one of the developers of the ACT project and once held 6% of the total tokens. However, the community questioned their behavior of deceiving and quietly selling all the tokens in their possession for various reasons, which greatly damaged the community's trust in them. If AMP had not sold the tokens they held, the value of this fund would now be worth more than $19 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Price Set for Bullish Push: What’s Next?
Ethereum’s $4K Dream Fades as Ancient Whale Dumps Millions
MicroStrategy’s Debt-for-Bitcoin Strategy Faces Long-Term Viability Concerns
MARA Holdings Boosts Bitcoin Reserves to $3.4 Billion with Latest Acquisition