The AI16Z coin price has gained 30% in the last 24 hours, following a crypto whale investing $4.34 million in the token. This whale movement reflects growing market confidence in the AI16Z token and signs of a potential sustainable rally. The focus on AI technology and recent whale accumulation suggests increased interest and confidence in the price action within the AI sector.
Whale's Investment Raises AI16Z Price by 30%
Recent whale activity has triggered a strong surge in the AI16Z token price. On December 31, according to Lookonchain data, wallets “6ZFcxR…JkZV” and “HRQXKj…bVFr” purchased 2.62 million tokens for a total investment of $4.34 million. The move shows great confidence in the token. Additionally, wallet “FU9b2c…fHyc” purchased 1.19 million tokens for $1.65 million earlier in the day. A day earlier, Solscan also reported a purchase of $1.09 million in tokens from wallet “B6FsUN…XzDV.” Another whale named “AVLKwK…x1Mv” purchased 998,000 tokens for $1.22 million.
With the effect of these purchases, the AI16Z price increased by 30% in 24 hours, reaching $ 1,632 and reaching a peak of $ 1,771. The market value was $ 1.8 billion, while the trading volume exceeded $ 250 million. It was reported that this rally followed positive price movements, during which crypto whales made $ 5.66 million in profits in the last two weeks. The interest in artificial intelligence coins increased due to the developments in the technology sector, and investors turned to AI tokens and ecosystems. According to crypto analysts, this rise is an indication of the increasing interest in AI projects.
Raoul Pal highlighted the potential of the AI sector, attributing the excitement around AI tokens to projects that have the potential to become leaders in this field. The recent AI16Z rally reinforced investor confidence with its strong tokenomics and whale activity. In addition, the project proposed to offer a launchpad for AI-focused projects using the Eliza framework, which could provide ongoing value to the token.
Ethereum Whale Bought 23K ETH
On the other hand, a whale in the Ethereum market bought 23,000 ETH despite the recent turbulence. This purchase increased market optimism and raised expectations for future price action. On-chain data showed that this whale bought about $77 million worth of ETH on Tuesday when ETH was trading around $3,300. Some market observers set a target of $10,000 for ETH by 2025.
DOGE Withdrawn from Binance
Finally, according to data from analytics platform Onchain Lens, a whale withdrew 26.85 million DOGE from the Binance exchange. This amount is equivalent to approximately $8.37 million.