The short-term stability in the crypto market has triggered a quick recovery in the AI tokens. Amid the recovery a whale has stepped in, capitalizing on the newfound momentum. Is this a sign of upcoming rally in the AI tokens?
By Vishal Dixit
Edited by Julia Sakovich
Updated
3 mins read
As Bitcoin BTC $84 388 24h volatility: 2.9% Market cap: $1.67 T Vol. 24h: $28.91 B remains stable near the $98,000 mark, the crypto market stands at $3.23 trillion. Amid such conditions, the AI and Big Data token market cap has increased to $35.83 billion, with a 5.63% rise in the past 24 hours.
The trading volume of the AI segment remains at $2.93 billion, accounting for a 20% surge in 24 hours. As the AI tokens gradually gain momentum, whales are lining up amid the improving market conditions.
As per the recent post by SpotOnChain, a whale has recently made big investments in two AI tokens, AI16Z AI16Z $0.19 24h volatility: 3.4% Market cap: $203.97 M Vol. 24h: $52.02 M and ARC. In the past three hours, a whale named Au6u3 has spent a significant amount of SOL tokens SOL $134.6 24h volatility: 7.9% Market cap: $68.62 B Vol. 24h: $3.75 B to purchase these tokens.
$7.42M in #AI Token Buys: $ARC & $ai16z
In the past 3 hours, new whale "8u6u3" spent:
• 19,500 $SOL ($3.86M) for 12.511M $ARC at ~$0.309
• 18,000 $SOL ($3.56M) for 6.508M #ai16z at ~$0.546
Notably, this whale withdrew 38,139 $SOL from #Coinbase 7 days ago at $216.07, likely… pic.twitter.com/1V0jhSfhrq
— Spot On Chain (@spotonchain) February 11, 2025
The transactions include 19,500 SOL tokens exchanged for 12.511 million ARC tokens. The transaction occurred at an average price of $0.309 and amounted to $3.86 million.
Furthermore, the whale switched 18,000 SOL tokens for 6.508 million AI16Z tokens. The average price of this exchange was $0.546 and amounted to $3.56 million.
Notably, the whale recently withdrew 38,139 SOL tokens from Coinbase over a week ago. The exchange occurred at an average price of $216.07 and was likely in preparation to buy these tokens.
Today, the ARC token has surged by 40%, while the AI16Z token has increased by nearly 35%. As the tokens are performing exceptionally well, it does hint at the possibility of insider trading.
Currently, the portfolio holding of the whale stands at $7.823 million, with 0.57 SOL tokens left in the balance.
As per the daily chart, the AI16Z token reveals a quick reversal from the support at the $0.29 mark. With five consecutive bullish candles, the token has risen by nearly 100% and has reclaimed the $0.50 psychological mark.
Breaking above the 23.60% Fibonacci level, the neckline of a rounding bottom pattern now aligns with the 38.20% level. This is priced at $0.6561, and a potential breakout will likely prolong the bull run to the 78.60% level.
This is priced at $1.53 and hints at an upside potential of more than 150%. Along with the bullish recovery in AI16Z, the ARC token has risen significantly.
After creating a bottom at $0.0086, the ARC token has risen to reclaim the $0.10 psychological mark. This accounts for a price surge of nearly 40% and re-enters the falling channel pattern.
The recovery run in ARC is likely to challenge the overhead trendline for a bullish breakout. The upcoming price targets for ARC tokens are $0.020 and $0.032.
This hints at an upside potential of 70% to 170%.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Vishal, a Bachelor of Science graduate, began his journey in the crypto space during the 2021 bull run and has since navigated the subsequent market winter. With a strong technical background, he is dedicated to delivering insightful articles rich in technical details, empowering readers to make well-informed decisions.
