The total market capitalization of AI meme tokens has surpassed $10 billion as of January 2, driven by a 26.4% surge in the past 24 hours.
This explosive growth underscores the increasing interest in the AI token narrative.
Top Performers in the AI Meme Space
Leading the pack is $ai16z, with a market value of $2.659 billion, followed by Fartcoin at $1.3 billion and Zerebro at $770 million. These tokens have attracted both retail traders and whales, solidifying their position in the crypto market.
Whale Activity Fuels $ai16z Growth
Whales have been actively accumulating $ai16z, signaling strong confidence in its potential. Notable transactions include:
– Address wVbrpF…BYuA: This whale withdrew 1.86 million $ai16z (worth $3.95 million) from Gate.io just four hours ago. The address now holds a total of 10.21 million $ai16z, valued at $22.86 million.
– Address CoErvN…8DiS: Created just 22 hours ago, this wallet withdrew 9,317 $SOL (worth $1.77 million) and used the funds to purchase 955,500 $ai16z tokens.
https://twitter.com/lookonchain/status/1874634469837254793?t=LUWuvkg1wzuVk_5nKDO2SQ&s=19
Market Momentum
The surge in AI meme tokens reflects growing investor enthusiasm for the sector. With $ai16z at the forefront, supported by significant whale interest, the narrative shows no signs of slowing down. As more capital flows into the market, the AI meme token trend could continue to dominate the crypto landscape in the coming months.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: wirestock/123RF // Image Effects by Colorcinch
The post AI Meme Tokens Soar Past $10 Billion In Market Value Amid Whale Accumulation appeared first on The Merkle News.
