A major cryptocurrency investor, often called a “whale,” recently made a big move, withdrawing $5 million worth of Solana (SOL) from Coinbase. This action has sparked speculation about a renewed interest in artificial intelligence (AI) related cryptocurrencies.
Whale’s AI Investments
According to blockchain analytics firm Lookonchain, this same whale previously spent nearly $8 million in SOL to purchase AI-focused tokens AI Rig Complex (ARC) and ai16z (AI16z). The recent withdrawal suggests they might be planning further investments in the AI crypto space. Lookonchain even hints at a possible “comeback” for AI tokens.
AI Token Details
- ai16z (AI16z): Currently trading at $0.4746, down slightly in the last 24 hours. It boasts a market cap of $530.2 million, ranking 158th among crypto projects.
- AI Rig Complex (ARC): Trading at $0.3285, showing a 13.6% increase in the last 24 hours. Its market cap is $321.1 million, placing it at 228th.
More Than Just Solana
The activity isn’t limited to Solana. Lookonchain also reported other whales buying large amounts of Ethereum (ETH). This comes after ETH’s recent price dip below $3,000. Specifically, they noted a withdrawal of $131 million worth of ETH from Binance and Bitfinex. At the time of writing, ETH is trading at $2,678, up slightly.
Disclaimer:
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies./p>
