- ai16z’s market cap exceeded that of Solana memecoins, reaching $2.5B.
- Whales gather ai16z as Layer-1 plans drive demand.
This meteoric rise has additionally put ai16z in fourth place for general memecoin, surpassing solely Dogecoin, Shiba Inu, and Pepe. The token simply broke the market cap of Pudgy Penguin’s PENGU token.
The formidable roadmap of ai16z is the rationale behind its recognition. The crew has introduced a Layer-1 blockchain, which is to be the hub for AI-driven crypto tasks. This innovation has caught the eye of the crypto communities and fueled elevated whale exercise.
Whale Accumulation Fuels Momentum
The on-chain analytics platform, Lookonchain reported that, for the previous few days, whales have been displaying large ai16z accumulations. For instance, a whale withdrew 1.86 million, with the remainder at greater than 10 million tokens. The brand new pockets acquired the freshly created SOL handle that acquired 955,500 ai16z for 9,000 SOL.
The buying and selling quantity for the token rose by 60% throughout the final 24 hours. Meaning rising curiosity from traders is seen, with analysts saying it’s AI expertise being mixed with blockchain, thereby driving the demand, which in flip positions ai16z on the helm of this pattern.
With day by day buying and selling volumes surpassing $260 million and a 147% spike in open curiosity to $63 million, ai16z is proving its power in the market. Whereas its present worth of $2.41 displays a 600% month-to-month acquire, the token’s future development might hinge on its upcoming tokenomics upgrades and Layer 1 community launch.
This AI agent narrative is gaining tempo, and projections may make it a giant factor in the way forward for crypto by 2025. ai16z combines sturdy tokenomics with a robust roadmap, backed by fast market participation to understand a vivid and promising undertaking in the AI-crypto panorama.
On the daybreak of its Layer-1 blockchain launch, ai16z is poised to redefine how AI expertise would intersect with blockchain innovation. Buyers and business gamers are intently watching since this Solana memecoin continues its upward trajectory.
