In the last 24 hours, the ai16z price gained another 33% making it the top Solana meme coin leaving behind the likes of Pudgy Penguins (PENGU) with a market cap of $2.641 billion. Moreover, it is also the first AI token on Solana to hit a $2 billion market cap as the AI agents narrative picks up steam moving into 2025. Reports suggest that whales have accumulated nearly $25 million of the tokens recently.
Solana Meme Coin ai16z Price Rally Steals the Limelight
Amid hitting fresh milestones, the ai16z price rally has extended more than 200% on the weekly chart moving all the way to $2.41. With more than 600% monthly gains, it is among the top AI-based meme coins that analysts look forward to moving into 2025.
As per the Coinglass data, today’s price rally for the crypto comes with a 147% surge in open interest moving all the way to $63 million. Additionally, the daily trading volume is also up by 40% to more than $260 million.
The ai16z price pump from less than $1 to $2.4 has come in less than seven amid huge whale accumulation for the Solana AI coin. Blockchain data from SOL Scan highlights strong whale activity surrounding the altcoin.
Whale wallet wVbrpF…BYuA withdrew 1.86 million coins, (valued at $3.95 million) from Gate.io just four hours ago. This wallet now holds a total of 10.21 million of the crypto, amounting to $22.86 million.
A new wallet, CoErvN…8DiS, was created 22 hours ago and has already withdrawn 9,317 SOL ($1.77 million). These funds were used to purchase 955,500 tokens.
The surge in whale activity underscores the growing interest in the AI coin, with substantial investments signaling strong confidence in the token’s future prospects. Developers behind the project are now focused on overhauling its tokenomics and launching a dedicated Layer 1 network akin to Pump.fun. These planned changes to the tokenomics could significantly influence ai16z’s price, alongside broader impacts on related cryptocurrencies within the space.
This AI coin is the first venture capital DAO driven by AI agents. Spearheaded by the AI agent @pmairca, the project harnesses artificial intelligence and collective intelligence to optimize investment decision-making
AI Agents Narrative Picking Up Fast
Crypto market analysts believe that moving into 2025, the AI agents narrative will dominate the market. Notably, VIRTUAL, a leading AI-related cryptocurrency, experienced a remarkable price surge in 2024, solidifying its position as one of the sector’s top performers. Similarly, ai16z, also contributed to this sector with strong gains.
AI-driven infrastructure projects made significant strides as the year began. VIRTUAL reached a new all-time high (ATH) of $5.06, climbing to rank 31 by market capitalization. On the other hand, ai16z price achieved an ATH of $2.42 following a remarkable 192% price surge over the past seven days, reported Coingeckco.
Solana meme coins were on a roll last year in 2024 driving a large part of the overall ecosystem activity. Off lately, players like Peanut the Squirrel (PNUT) and Fartcoin (FARTCOIN) have been dominating the market activity.
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