In the final 24 hours, the ai16z worth gained one other 33% making it the highest Solana meme coin forsaking the likes of Pudgy Penguins (PENGU) with a market cap of $2.641 billion. Moreover, it is usually the primary AI token on Solana to hit a $2 billion market cap because the AI brokers narrative picks up steam transferring into 2025. Reports counsel that whales have amassed practically $25 million of the tokens not too long ago.
Solana Meme Coin ai16z Price Rally Steals the Limelight
Amid hitting recent milestones, the ai16z worth rally has prolonged greater than 200% on the weekly chart transferring all the best way to $2.41. With greater than 600% month-to-month positive aspects, it’s among the many top AI-based meme coins that analysts sit up for transferring into 2025.
As per the Coinglass data, at the moment’s worth rally for the crypto comes with a 147% surge in open curiosity transferring all the best way to $63 million. Additionally, the every day buying and selling quantity can be up by 40% to greater than $260 million.
The ai16z worth pump from lower than $1 to $2.4 has are available lower than seven amid big whale accumulation for the Solana AI coin. Blockchain knowledge from SOL Scan highlights sturdy whale exercise surrounding the altcoin.
- Whale pockets wVbrpF…BYuA withdrew 1.86 million cash, (valued at $3.95 million) from Gate.io simply 4 hours in the past. This pockets now holds a complete of 10.21 million of the crypto, amounting to $22.86 million.
- A brand new pockets, CoErvN…8DiS, was created 22 hours in the past and has already withdrawn 9,317 SOL ($1.77 million). These funds have been used to buy 955,500 tokens.
The surge in whale exercise underscores the rising curiosity within the AI coin, with substantial investments signaling sturdy confidence within the token’s future prospects. Developers behind the mission at the moment are targeted on overhauling its tokenomics and launching a devoted Layer 1 community akin to Pump.enjoyable. These deliberate adjustments to the tokenomics might considerably affect ai16z’s worth, alongside broader impacts on associated cryptocurrencies inside the house.
This AI coin is the primary enterprise capital DAO pushed by AI brokers. Spearheaded by the AI agent @pmairca, the mission harnesses synthetic intelligence and collective intelligence to optimize funding decision-making
AI Agents Narrative Picking Up Fast
Crypto market analysts imagine that transferring into 2025, the AI agents narrative will dominate the market. Notably, VIRTUAL, a number one AI-related cryptocurrency, skilled a outstanding worth surge in 2024, solidifying its place as one of many sector’s high performers. Similarly, ai16z, additionally contributed to this sector with sturdy positive aspects.
AI-driven infrastructure tasks made important strides because the 12 months started. VIRTUAL reached a brand new all-time excessive (ATH) of $5.06, climbing to rank 31 by market capitalization. On the opposite hand, ai16z worth achieved an ATH of $2.42 following a outstanding 192% worth surge over the previous seven days, reported Coingeckco.
Solana meme cash have been on a roll final 12 months in 2024 driving a big a part of the general ecosystem exercise. Off these days, gamers like Peanut the Squirrel (PNUT) and Fartcoin (FARTCOIN) have been dominating the market exercise.
Bhushan Akolkar
Bhushan is a FinTech fanatic with a eager understanding of monetary markets. His curiosity in economics and finance has led him to concentrate on rising Blockchain know-how and cryptocurrency markets. He is dedicated to steady studying and stays motivated by sharing the data he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and infrequently explores his culinary expertise.
Disclaimer: The offered content material might embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.
