This Christmas brought additional gifts to the crypto world, with many tokens, notably in AI Agents and DeSci (Decentralized Science), seeing their value increase significantly. One of the biggest winners was the A16Z-inspired crypto ai16z, which saw its market cap surpass $1 billion. It seemed like the perfect holiday surprise.
AI16Z decentralized autonomous organization (DAO) surged +50% over the past week and over 13% over the past 24 hours. Its market capitalization now stands at $957 million, after touching $1.04 billion a few hours earlier.
In short, ai16z stands out as the first venture capital DAO driven entirely by AI agents. Its lead agent, @pmairca, is in charge, leveraging artificial intelligence and collective decision-making to personalize investment strategies. The project is powered by the Eliza framework, an open source platform that allows AI agents to analyze data, develop strategies and manage investments autonomously.
Whale buildup pushes AI16Z to new heights
2 whales bought over 16z $ai today. #ai16z
E9uD…Y9cf purchased $3.09M ai16z ($2.46M) 2 hours ago.
Whale purchased $18.7 million ai16z ($15.72 million) at ~$0.45 last month, with an unrealized profit of $7.36 million.
6gqH…dyDo bought $1.4Mai16z ($1.27M) in 15 hours… pic.twitter.com/CNuDRdzBtz
– Lookonchain (@lookonchain) December 26, 2024
Recent whale purchases highlight strong market confidence. A whale purchased over $2.4 million, bringing its 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 purchased 1.4 million tokens for $1.27 million, totaling 7.2 million tokens purchased at $0.68, generating $1.13 million in unrealized profits.
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AI16Z Price Analysis: Is This AI DAO Crypto About to Skyrocket?
(AI16ZUSDT)
The Ai16z price chart continues to indicate a bullish trajectory. A robust support level is established around the $864 million mark, an area that has been tested several times during the recent consolidation phase, demonstrating 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, constitutes a dynamic support level. The price consistently trading above this average highlights the current bullish momentum. Meanwhile, trading volume showed notable growth during price increases, which is consistent with whale accumulation.
The accumulation of whales is still strong. Another investor recently withdrew $5,291 SOL ($1 million) from Coinbase Prime to purchase an additional 1.13 million ai16z tokens just an hour ago. Over the past month, this whale has accumulated a total of 19.83 million ai16z tokens worth $17.82 million and over $8.4 million in unrealized gains.
Clearly, AI16z is poised to reach the billion-dollar market cap again and likely surpass it.
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The post AI16Z Rises Over 50% in a Week as Whale Accumulation Increases Price appeared first on 99Bitcoins.
