A multisig wallet has recently deposited a huge amount of $AGIX tokens to the prominent crypto exchange Binance. As per SpotOnChain (a famous on-chain analytics forum), the respective wallet reportedly deposited up to 4 million $AGIX coins to the crypto exchange just thirteen hours back. The analytics firm took to its official X account to offer insights into this development.
13hrs ago, a multisign linked to @SingularityNET deposited 4M $AGIX ($3.63M) to #Binance.The multisign had been inactive with $AGIX for 6 months;And now returned to unload just 1 week before major #AI tokens $AGIX, $FET, $OCEAN are merged into $ASI on Jun 13. Bearish? 🤔… pic.twitter.com/6zICDeSiyd
— Spot On Chain (@spotonchain) June 6, 2024
A Multisig Wallet Connected to SingularityNET Deposits 4 Million $AGIX Coins to Binance
The platform disclosed that the deposited tokens equal $3.63 million in terms of value. In addition to this, it also revealed that the multisig wallet’s $AGIX deposit has taken place after a considerable time. According to the analytics platform, the wallet has not done any operation concerning the $AGIX tokens for up to the past six months. Nonetheless, the multisig wallet has reportedly restarted its unloading operations recently.
The $ASI Merger Expects Its Accomplishment on June 13
This comes only seven days before the merger of the well-known artificial intelligence coins $OCEAN, $FET, and $AGIX. As SpotOnChain has pointed out, these coins are going to get merged into the token ‘$ASI.’ The respective merger is expected to be accomplished on the 13th of this month. In this respect, Fetch.ai, SingularityNET, and Ocean Protocol are collaborating.
The respective partnership goes by “the Artificial Superintelligence Alliance”. The alliance focuses on the provision of a substitute for artificial intelligence projects. Along with that, Fetch.ai asserted that this endeavor indicates a new epoch. It will begin on the 11th of June and the entities driving it have renamed it from $FET.