Deep Dive
1. Token Vesting Cliff (Bearish Impact)
Overview:
110M ACX tokens (18% of circulating supply) reserved for early investors unlock on June 30, 2025. Historically, large unlocks correlate with price declines – ACX fell 45% in 90 days post-June 2025 allegations.
What this means:
Near-term downside risk persists unless offset by strategic buybacks (Levex). The unlock coincides with a bearish RSI (monthly 38.72), suggesting weak momentum to absorb new supply.
2. Cross-Chain Tech Race (Bullish/Mixed Impact)
Overview:
Across V4’s zero-knowproof integration enables non-EVM chain support (e.g., Solana), competing with LayerZero and Wormhole. Daily bridge volume hit $28B in August 2025 (CoinMarketCap).
What this means:
Successful adoption could reverse ACX’s 91% drawdown from its ATH. However, losing Stargate’s acquisition bid to LayerZero (CoinTelegraph) highlights intensifying competition.
3. Governance & Sentiment Risks (Bearish Impact)
Overview:
June 2025 allegations of insiders manipulating DAO votes to funnel $23M to Risk Labs triggered a 40% monthly price drop. Despite rebuttals, exchange holdings rose to 18% of supply – a capitulation signal.
What this means:
Trust repairs require transparent audits and reduced team token control. Until then, ACX remains vulnerable to social sentiment shifts (64% positive per Levex, but fragile post-scandal).
Conclusion
ACX’s path hinges on balancing June’s supply shock with V4’s adoption against a backdrop of sector rivalry and governance scrutiny. Can the DAO’s 52.5% treasury allocation fund growth initiatives before unlocks hit? Watch daily bridge volume and CEX reserve trends for directional cues.