AI16Z Surges Over 50% in a Week as Whale Accumulation Boosts Price
This Christmas brought some extra gifts to the crypto world, with many tokens, especially in AI agents and DeSci (Decentralized Science), seeing big jumps in value. One of the biggest winners was A16Z inspired ai16z crypto, which saw its market cap soar past $1 billion. This felt like a perfect holiday surprise.
The AI-driven decentralized autonomous organization (DAO) AI16Z surged +50% in the past week, and over 13% gain in the last 24 hours. Its market cap now stands at $957 million, after touching $1.04 billion a few hours prior.
In short, ai16z stands out as the first venture capital DAO driven entirely by AI agents. Its lead agent, @pmairca, is at the helm, leveraging artificial intelligence and collective decision-making to personalize investment strategies. The project is powered by the Eliza framework, an open-source platform that enables AI agents to analyze data, develop strategies, and manage investments autonomously.
Whale Accumulation Pushes AI16Z To New Highs
2 whales bought more $ai16z today. #ai16z
E9uD…Y9cf bought 3.09M $ai16z($2.46M) 2 hours ago.
The whale has bought 18.7M $ai16z($15.72M) at ~$0.45 in the past month, with an unrealized profit of $7.36M.https://t.co/CBN4YKHWqk
6gqH…dyDo bought 1.4M $ai16z($1.27M) 15 hours… pic.twitter.com/CNuDRdzBtz
— Lookonchain (@lookonchain) December 26, 2024
Recent whale purchases highlight strong market confidence. One whale bought over $2.4 million, bringing their holdings to 18.7 million tokens, valued at $15.72 million, with an average purchase price of $0.45 and unrealized profits of $7.36 million.
Another whale bought 1.4 million tokens for $1.27 million, totaling 7.2 million tokens purchased at $0.68, earning $1.13 million in unrealized profit.
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AI16Z Price Analysis: Is This AI DAO Crypto About to Skyrocket?
The price chart for Ai16z continues to indicate a bullish trajectory. A robust support level is established around the $864 million mark, a zone that has been tested multiple times during the recent consolidation phase, showcasing its reliability. On the other hand, resistance is evident near the $1 billion level, where the price briefly surged before experiencing a slight pullback.
The 30-period moving average, currently at $901 million, is a dynamic support level. The price consistently trading above this average underscores the prevailing upward momentum. Meanwhile, trading volume has shown noticeable growth during price increases, consistent with the whale accumulation.
The whale accumulation is still going strong. Another investor recently withdrew 5,291 $SOL ($1M) from Coinbase Prime to purchase an additional 1.13M $ai16z tokens just an hour ago. Over the past month, this whale has accumulated a total of 19.83M $ai16z tokens worth $17.82M and over $8.4 million in unrealized gains.
Clearly, AI16z is on its way to hitting the $1 billion market cap again and probably going beyond that.
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