The value of Across Protocol (ACX) has taken a drastic hit following serious allegations of insider self-dealing involving a substantial $23 million from its decentralized autonomous organization (DAO) treasury. As of June 27, 2025, the token was trading at $0.1342, marking a 10% decline in just 24 hours and over a significant 40% drop in the last month. This value represents a staggering 91% decrease from its all-time high of $1.69, achieved in December 2024.
These troubling allegations, made public by an influential crypto figure, raised concerns about the governance practices within Across Protocol. The accusations point to project lead Kevin Chan and CEO Hart Lambur, who allegedly benefited from secret proposals designed to siphon funds from the DAO for their own ventures. The first proposal, claimed to support future development, authorized the transfer of 100 million ACX tokens under false pretenses. Shortly after, the second vote funneled another 50 million ACX leveraged through an insider-controlled voting process.
The implications of these actions are profound. Such insider dealings undermine the core principles of DAO governance and pose new risks, particularly liquidity challenges for holders of ACX. Investors are now left grappling with the fallout as selling pressure mounts and trust in the project’s leadership dwindles. As the token approaches its lower support levels, analysts speculate that further declines could be imminent, especially if the $0.13 threshold fails to hold.
From a technical standpoint, the ACX token’s performance continues to reflect bearish trends. It currently resides at the lower end of its Bollinger Bands and is trading below its 20-day simple moving average, often indicating weaker market sentiment. With the Relative Strength Index (RSI) hovering around 31.27, the market is approaching rapidly oversold conditions. This technical analysis raises alarm bells for short-term investors, suggesting that upward movements may be stifled by the lingering sentiment and diminished trust.
As the crypto community watches closely, the silence from Across Protocol on these major allegations is telling. Stakeholders are eagerly awaiting a response, but as it stands, the market is reacting vigorously to these developments, signaling caution among potential investors.
