AI Tokens AI16Z and ARC Surge Amid Market Recovery
Bitcoin remains stable near $98,000, contributing to a total crypto market cap of $3.23 trillion. The AI and Big Data token market reached a cap of $35.83 billion, with a 5.63% increase over the past 24 hours.
The trading volume in the AI sector is $2.93 billion, reflecting a 20% surge in the same period. Whale activity has increased as these tokens gain traction.
Whale Accumulation: Major Investments in AI16Z & ARC
A whale identified as Au6u3 made significant purchases of AI tokens:
- 19,500 SOL for 12.511 million ARC at ~$0.309, totaling $3.86 million
- 18,000 SOL for 6.508 million AI16Z at ~$0.546, totaling $3.56 million
The whale previously withdrew 38,139 SOL from Coinbase at an average price of $216.07.
Currently, ARC has surged by 40%, and AI16Z has increased by nearly 35%. The whale's portfolio now stands at $7.823 million.
Price Analysis: AI16Z & ARC
AI16Z has reversed from support at $0.29, increasing nearly 100% and reclaiming the $0.50 mark. A breakout above $0.6561 could extend gains towards $1.53, indicating an upside potential exceeding 150%.
ARC has recovered from a bottom at $0.0086, rising to $0.10 with a potential target of $0.020 to $0.032, suggesting an upside potential of 70% to 170%.