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Altcoin Whales Flock to This Name: Made a Mark on the Artificial Intelligence Industry - Coin Bulletin
The movement of whales in the cryptocurrency market is concentrated on a new token called AI16Z.
According to the data provided by Lookonchain, it is considered that two different wallets may belong to the same whale. This whale, in the last few hours, purchased 2.62 million AI16Z tokens at a price of 1.66 dollars by spending approximately 22,641 SOL (about 4.34 million dollars).
In addition, another wallet FU9b2c…fHyc spent a total of 1.65 million USDC last night to buy 1.19 million AI16Z tokens at 1.39 dollars. These purchases indicate a rapid increase in demand for AI16Z tokens among large investors.
The intense interest in the AI16Z token is attracting the attention of market participants. Especially transactions of this magnitude may cause more volatility in the token price. Experts indicate that such purchases by whales usually signify a long-term strategy. These large investments in the AI16Z token may be an indication of confidence in the future potential of this asset.
The increasing demand and high transaction volume in recent times are causing AI16Z to attract more attention on a larger scale. However, market dynamics and whale moves require closely monitoring the price movements of this token.