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Across Protocol Flash News List | Blockchain.News
Flash News List

List of Flash News about Across Protocol

Time Details
2025-07-07
16:13
DAO Governance Crisis: Across Protocol (ACX) Plummets 10% on Manipulation Claims, Solana's Jupiter (JUP) Halts DAO Voting

According to @dydxfoundation, two separate incidents have highlighted growing concerns over DAO governance structures, impacting token prices. Across Protocol's ACX token dropped 10% following accusations on X that core contributors manipulated the DAO and front-ran a Binance listing, as stated in the source. The protocol saw a spike in trading volume with the price decline, suggesting a swift reaction from traders. Across co-founder Hart Lambur has denied these claims, calling them "categorically untrue" and explaining that the tokens were standard grants from the DAO for protocol development. In a separate development, the Solana-based DEX Jupiter announced it is pausing all DAO votes until the end of 2025. Jupiter executive Kash Dhanda cited a "breakdown in trust" and an ineffective governance structure as reasons for the pause, aiming to focus on development during a "critical period" for DeFi. The source notes that while active staking rewards (ASR) will continue, the Jupiter (JUP) token has lost 21.8% of its value over the past 30 days, trading at 40 cents with minimal immediate price reaction to the news. The broader market context shows Solana (SOL) trading at $149.16 against USDT, down 1.375% in 24 hours.

Source
2025-07-07
10:21
ACX Token Plummets 10% on DAO Manipulation Allegations as Avalanche (AVAX) Price Breaks Out with Bullish Momentum

According to @paoloardoino, the Across Protocol's ACX token has experienced a significant 10% price drop amid a spike in trading volume, driven by allegations of DAO manipulation and insider trading. The source states that Across co-founder Hart Lambur has "categorically" denied these claims, explaining that the tokens in question were standard grants from the DAO for protocol development and team expansion. In contrasting market action, Avalanche's AVAX token has broken out from a consolidation phase, according to technical analysis from the source. The analysis indicates AVAX established strong support at $17.07 after breaking out with significant volume and has repeatedly tested resistance at $17.63. The formation of a double bottom pattern suggests the accumulation phase may be complete, signaling potential for continued upward price momentum.

Source
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