ACE Token Drops 2.28% Amid Token Unlock and Exchange Changes, Volatility Persists on Binance

ACEUSDT experienced a 2.28% price decline in the past 24 hours, trading at 0.0859 on Binance. The price decrease is primarily attributed to increased short-term supply pressure as over 3.2 million ACE tokens are scheduled for unlocking between June 5 and June 18, and recent exchange adjustments such as the delisting of ACE/USDT perpetual futures by OKX and MEXC, which have shifted trading activity to spot markets. Additionally, ongoing regulatory scrutiny, including a recent investigation in South Korea referencing ACE, has contributed to a cautious market environment and reduced trading volume.

Currently, ACEUSDT is trading at 0.0859 on Binance with a 24-hour trading volume of 3.42 million ACE (approximately 304,617.63 USDT). The token remains volatile, with recent price fluctuations reflecting both broader market trends and asset-specific developments related to supply and exchange activity.