Moreover, it is also the first AI token on the Solana platform to hit a $2 billion market cap, as the AI agents trend continues to grow stronger as we head into 2025. Reports say whales have accumulated nearly $25 million worth of the token recently.
ai16z’s price surge has taken the spotlight
Amid several new milestones, ai16z’s price has surged more than 200% on the weekly chart, reaching $2.41. With a gain of over 600% over the past month, this is one of the AI-based meme coins that analysts are bullish on heading into 2025.
According to data from Coinglass, today’s price surge was accompanied by a 147% increase in open interest, reaching $63 million. In addition, daily trading volume also increased by 40%, surpassing $260 million.
ai16z’s price pump from under $1 to $2.4 took place in less than a week, thanks to strong accumulation from whales for the AI coin on Solana. Blockchain data from SOL Scan shows the active activity of whale wallets around this altcoin.
Whaling wallet wVbrpF…BYuA withdrew 1.86 million tokens (equivalent to $3.95 million) from Gate.io just 4 hours ago. Currently, this wallet holds a total of 10.21 million tokens, worth approximately $22.86 million.
A new wallet named CoErvN…8DiS, created 22 hours ago, withdrew 9,317 SOL (equivalent to $1.77 million) and used the funds to purchase 955,500 tokens.
Read more: PENGU Surges 25% in Just 48 Hours
The increase in whale activity indicates growing interest in the AI coin, as significant investments demonstrate strong confidence in the token’s future potential. Currently, the developers behind the project are focusing on tokenomics reform and preparing to launch a separate Layer 1 network, similar to Pump.fun. These expected changes in the tokenomics structure could have a strong impact on the price of ai16z, while also having a broader impact on related cryptocurrencies in the ecosystem.
Notably, this is the first AI coin to operate as a venture capital DAO (Decentralized Autonomous Organization) led by AI agents. Led by AI agent @pmairca, the project leverages artificial intelligence and collective intelligence to optimize the investment decision-making process.
