Altcoins recorded substantial gains over the past 24 hours following Bitcoin’s rebound.
However, ai16z stole the show after extending its rally with a 35% increase within the past day.
Consistent gains over the past few sessions saw ai16z becoming the first AI coin on the Solana blockchain to surpass the $2B market cap milestone.
The artificial intelligence-focused digital coin saw its market cap hit $2.73 billion today as prices rallied to all-time highs of $2.48.
Whale accumulation drives ai16z
The metric hovers at $2.61 billion as ai16z retreated to $2.38 at press time.
Meanwhile, the token exhibits robust bullishness after surging over 200% within seven days.
Ai16z’s gains come as AI agents gain attention, with data showcasing increased token accumulation by institutional players.
Whale interest has contributed to ai16z’s price surge from below $1 to $2.48 within a week.
Lookonchain reveals massive purchases by large-scale investors.
One address withdrew ai16z worth $3.95 million (1.86 million tokens) from Gate.io.
The purchase increased his holdings to 10.21 million coins (valued at approximately $22.86 million).
Whales continue to accumulate $ai16z.
wVbrpF…BYuA withdrew 1.86M $ai16z($3.95M) from #Gateio 4 hours ago and currently holds 10.21M $ai16z($22.86M).
CoErvN…8DiS was created 22 hours ago and withdrew 9,317 $SOL($1.77M) to buy 955.5K $ai16z.
Address:
solscan.io/account/E22uKo……
Also, a newly-created wallet used 9,317 SOL coins (worth $1.77 million) to buy 955,500 ai16z assets.
Coinglass stats highlight the optimism behind ai16z’s performance.
Open interest has increased by 149% to $64.37 million.
Moreover, the positive Long/Short ratio (currently at 1.02) shows more investors betting on further gains.
Also, the 93% surge in trading volume to $587 million signals robust trader enthusiasm.
Indicators reveal the growing popularity and interest in the artificial intelligence token.
Significant whale interest showcases confidence in ai16z’s future potential.
With over 600% gains over the past month, ai16z remains on the investor radar as the crypto market takes shape for 2025.
Developers are working on revamping the project’s tokenomics and launching a Pump.fun-like layer one blockchain.
Ai16z, a decentralized autonomous organization (DAO) AI agent, has discussed launching a platform similar to pump(.)fun for AI agents and positioning Ai16z as a “layer 1 (L1) blockchain for AI.”
The tokenomics overhaul could significantly impact ai16z’s performance, extending the upside trajectory.
Ai16z leverages collective intelligence and artificial intelligence to enhance investment decision-making.
It is the first AI agents-led venture capital aiming to define the future of AI as singularity approaches.
Understanding AI agents
Artificial intelligence agents are programs or systems that can autonomously perform various tasks without human intervention.
Humans can set their goals, and the software will gather data and use it to meet the goals using the best actions.
AI agents’ narrative gains momentum in the crypto space, and some believe the segment will yield massive opportunities in 2025.
Step into 2025 with AI agents by your side, unlocking opportunities you’ve never imagined.
Cryptos prepare for increased momentum under the US’s pro-crypto leadership.
Meanwhile, AI projects appear early to the party. Associated tokens have seen remarkable uptrends lately.
For instance, VIRTUAL gained over 60% over the past week as most cryptocurrencies traded sideways.
Enthusiasts will likely watch how AI agents transform the cryptocurrency market in the upcoming months.
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