🚀 Ai16z, the Solana meme coin with an AI twist, faces a downturn, slipping into a local bear market. After skyrocketing over 20,500% since November, the token's price dropped 21% to $2. 📉

- Market cap hit $2.3B but profit-taking is in full swing.

- Smart money holders decreased from 118 to 80, with holdings dropping below 500M tokens.

- Tokens on exchanges surged, signaling a sell-off.

- Top investors still hold strong, but others are cashing out.

Is this a temporary dip or a sign of more to come? Share your thoughts below!