Whale Buys $7.42M in AI Tokens: ARC & ai16z Surge
A crypto whale spent $7.42M on $ARC & $ai16z, triggering price surges. Is this just the beginning of a bigger AI token rally?
- A whale spent $7.42M on $ARC and $ai16z in the past 3 hours.
- The investor withdrew 38,139 SOL from Coinbase a week ago.
- $ARC surged 81%, while $ai16z jumped 35% following the buys.
A new whale, identified as “8u6u3,” has made significant moves in the crypto Market, spending a staggering $7.42 million on AI-based tokens within just three hours. This massive acquisition has raised questions about whether a new rally is brewing in the AI token sector.
According to Blockchain data, the whale purchased:
- 12.511 million $ARC for 19,500 SOL ($3.86 million) at an average price of $0.309.
- 6.508 million $ai16z for 18,000 SOL ($3.56 million) at an average price of $0.546.
Interestingly, this investor withdrew 38,139 SOL from Coinbase a week ago when the price was around $216.07 per SOL, possibly preparing for this strategic acquisition.
Price Surge Follows the Whale’s Move
Following the substantial purchases, both tokens experienced significant price increases. $ARC skyrocketed by 81%, while $ai16z recorded a 35% jump. Such sharp price movements indicate a potential bullish trend in the AI token market, fueled by whale interest.
With AI tokens gaining traction in the crypto space, many investors are now wondering if these recent gains are just the beginning of a larger trend. As institutional and whale investors continue to accumulate AI-based assets, this sector could be poised for further upside.
