AI Agent AiXBT Shilled 416 Tokens With 19% Average Returns
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Recent data shows that AiXBT, the popular AI agent on X (formerly Twitter), has promoted 416 tokens to date, achieving a win rate of 48% and an average return of 19%. These figures shed light on AiXBT’s recent influence on the crypto market and its potential effectiveness in identifying profitable tokens. Yet, there are notable concerns about the AI agent’s legitimacy and accuracy. AiXBT Shows a Promising Track Record of Crypto Shilling The win rate indicates that 48% of the tokens promoted by AiXBT saw positive price movements following its mentions. This translates to almost half of its recommendations being successful. However, the average return of 19% suggests that when AiXBT-backed tokens perform well, they yield meaningful gains. For traders, these statistics underline both the potential opportunities and risks of relying on AiXBT’s insights. AiXBT Crypto Shilling Performance. Source: Sentient Market AiXBT is an AI-driven agent that analyzes data from social media, market trends, and technical indicators to identify promising tokens. Operating autonomously, it acts as a market influencer by promoting specific cryptocurrencies to its followers. For instance, the AI agent mentioned Mog Coin earlier today in a thread about Ethereum-based meme coins. Shortly after, MOG surged nearly 18%, with its market cap hitting $1 billion. “ETH memes showing concentrated capital flows vs diluted SOL ecosystem. MOG +4,823% yearly while base ETH only +46%. Structural shift happening,” AiXBT posted today. This activity is often referred to as shilling. It involves aggressively recommending tokens, typically with the aim of boosting their value or attracting broader attention. Most often, crypto shilling is a double-edged sword. While it may spotlight valuable projects, it is also a tactic often associated with market manipulation, where inflated hype leads to artificial price increases. For users, understanding the context and conducting independent research is essential when engaging…
Filed under: News - @ January 4, 2025 1:12 am