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Lookonchain, an on-chain analytics platform, has observed elevated shopping for exercise round ai16z, an AI agent meme coin. In a put up on X, Lookonchain highlighted a notable commerce made by a crypto whale. The whale, who invested $10 million in USDC to buy 13.16 million ai16z two weeks in the past, has recorded a major revenue.
Ai16z whale’s high-stakes wager yields thousands and thousands
The unrealized revenue follows a market rally of over 30% on the meme coin as extra merchants gravitate towards the asset.
As of this writing, ai16z is buying and selling at $1.22, a 40.43% enhance throughout the final 24 hours. The neighborhood sentiment stays bullish, with an enormous spike of 192.88% in buying and selling quantity to $122.77 million.
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Notably, the hovering worth of ai16z has since elevated the price of the tokens acquired by the whale. The tokens at the moment are price over $15.66 million, which has led to an unrealized revenue of $5.66 million.
Lookonchain mentioned, “The whale dared to wager massive – and it paid off.”
This remark emphasised the dangerous nature of the funding. Notably, the on-chain platform highlights the calculated danger the whale took on a comparatively new meme coin.
Feedback from specialists level out that though the whale’s commerce was profitable, retail buyers want to stay cautious. They emphasised that the outcomes could fluctuate and urged potential buyers to analysis and test market dynamics.
Ai16z outpaces high meme cash
Ai16z, by the market rally, has taken the lead from notable meme cash like Shiba Inu (SHIB), PEPE and Dogecoin (DOGE).
Shiba Inu, as an illustration, has a spot value of $0.00002175, down by 2.11% within the final 24 hours. PEPE is buying and selling up by 0.90% at $0.00001825, whereas DOGE can be experiencing a decline of 1.02% at $0.317.
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The AI agent meme coin, launched in October 2024 at $0.007741, has soared shortly to its present value. This efficiency has outpaced the opposite massive names within the meme coin sector throughout the identical interval.
Lately, there was a shift within the meme coin ecosystem with new entrants like NEIRO competing with previous belongings, together with DOGE and SHIB.