1. Whales have begun to cash out from the crazy rebound of AI16Z 2. With increased speculative activity, can the price of AI agents maintain above $2?
Over the past two weeks, the AI agent ai16z [AI16Z] has surged 200% following a series of bullish updates, including the anticipated launch of the Eliza agent launchpad in the first quarter of 2025. Moreover, this token will become a major ecosystem token with various value accumulation features.
However, the analysis company LookOnChain indicated that whales have started to cash out from their AI16Z positions. The company stated in its latest update, 'Another whale sold all $2.27 million of ai16z (totaling $4.77 million) for $2.1 about 4 hours ago, making a profit of approximately $4.47 million (+1008%) on #ai16z.'
As the token price broke $2 on January 1, other wallets with significant unrealized profits also took profits.
Will the price of AI agents maintain above $2?
Since the end of December, there has been a strong speculative bubble and interest across the AI agent field. In fact, Kaito revealed that the focus on AI has surpassed nearly 60%—the highest level in any narrative.
The hottest AI trends, including agents like AI16Z, are the major beneficiaries. Several exchanges, including Binance, have followed this trend by listing AI16Z on the futures market.
Since December 29, the open interest (OI) of AI16Z has soared from $1 million to over $80 million, a staggering increase of 8,000%. This highlights the huge speculative interest among futures traders.
Interestingly, experts also predict that AI agents will dominate by 2025. Although current AI agents are criticized as mere chatbots, most experts expect refined updates and business between agents to emerge in the next 6-12 months.
Currently, the best way to understand this trend is through the agent launchpad—virtual protocol [VIRTUAL] and AI16Z, which support the Eliza framework.
Now, with whales starting to cash out, does this mean the outlook for AI16Z may face risks?
So, according to the trend-based Fibonacci extension tool (yellow), the recent upward momentum surged near the 2.618 level (around $2.5). In most cases, a strong upward trend can usually extend to 2.618, but will face weakness at 3.618 ($3.45). If that’s the case, if AI16Z climbs above $2.5, it may soar to $3.45.
However, greater profit-taking by whales may drag the price down to key moving averages (MA), such as $1.5 or $1.0.
