As the cryptocurrency market experiences a bullish wave, tokens linked to artificial intelligence (AI) ventures are once again seeing significant gains.

Santiment’s recent report underscores this trend, revealing a marked increase in the market capitalization of projects focused on Big Data and AI.

Notable assets leading this surge include $BOTTO, which has surged by 87% in the past week, alongside $TOKEN and $AGIX, both showing impressive gains of 87% and 40%, respectively.

While #crypto has been mainly flat the past few days, keep an eye on the continued market cap growth of projects related to #AI and #BigData.

Some notable assets include:
$BOTTO (+87% in past week)
$TOKEN (+87% in past week)
$AGIX (+40% in past week)

Despite… pic.twitter.com/yWHgGpy8hb

— Santiment (@santimentfeed) March 28, 2024

Spotonchain’s data sheds light on the movements of Whale 0x900, likely a prominent investor, who withdrew a substantial amount of AGIX tokens from Binance, totaling $1.63 million at a price of $1.346.

This whale’s history with AGIX dates back to its predecessor, AGI, where significant transactions occurred:

– Withdrawing 8 million AGI from Binance at an average price of $0.041 in October 2020.

– Receiving 4.45 million AGI from wallet 0xcFb between October 2020 and April 2021.

– Depositing 2.08 million AGI to Binance at an average price of $0.38 between February and April 2021.

– Converting the remaining AGI to AGIX in May 2021.

– Continuing to deposit and withdraw AGIX tokens, accumulating a substantial holding of 10.21 million AGIX, valued at $13.8 million.

Whale 0x900, the 2nd-largest non-CEX holding wallet of $AGIX, withdrew 1.21M $AGIX ($1.63M) from #Binance at $1.35 ~6 hours ago.

Notably, the whale now holds 10.21M $AGIX ($13.8M), of which 8M #AGI (the old version of $AGIX) was withdrawn from Binance at only ~$0.041 ($330K) in… pic.twitter.com/3QaOB0If5u

— Spot On Chain (@spotonchain) March 30, 2024

Despite the positive momentum, AGIX experienced a minor decline of 4% within the past 24 hours, showcasing the volatility inherent in the cryptocurrency market.

The surge in AI-associated tokens reflects growing investor interest in innovative technologies, as the crypto market continues to evolve and diversify. With notable gains and significant investor activity, these tokens are poised to play a pivotal role in shaping the future of both the cryptocurrency and AI industries.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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Image Source: grandeduc/123RF // Image Effects by Colorcinch

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Filed under: Bitcoin - @ March 31, 2024 4:59 am