By Finbold | Created at 2025-01-06 12:46:12 | Updated at 2025-01-07 22:38:33
1 day ago
Artificial intelligence (AI)-related cryptocurrencies are shining in 2025, distributing massive gains for early buyers from 2024, like this whale. The crypto trader, using four Solana (SOL) wallet addresses, turned over $2 million into more than $21 million trading AI.
According to a Lookonchain analysis, the four Solana addresses ‘Ejf78h(…)’, ‘Dqq6pq(…)’, ‘EtKbVA(…)’, and ‘Cu8oPi(…)’ belong to the same trader. These addresses were trading Ai16Z (AI16Z), one of the top performing AI agent memecoins, as Finbold reported last week.
Essentially, the Solana trader spent approximately $2.27 million to buy 10.6 million AI16Z at an average price of $0.214 from November 15 to 22, 2024. By January 6, the addresses were holding over $21.36 million worth of AI16Z at a $2.015 per token.
Moreover, Lookonchain reported the trader was placing limit orders to sell half of his stash (5.3 million AI16Z). The orders were place on Jupiter exchange, aiming for around $10.68 million of realized profits from the initial purchase.
An $ai16z whale is selling 5.3M $ai16z($10.68M) via limit orders.
This whale bought 10.6M $ai16z($2.27M cost) at an average price of $0.214 from Nov 15 to Nov 22, 2024, and currently has a profit of ~19M.
In the past 4 hours, this whale deposited 5.3M $ai16z($10.68M) into… pic.twitter.com/7w2gSO70U3
AI agent memecoin boom
On January 2, Finbold retrieved data from CoinGecko’s consolidated “AI meme coins” market cap. By the reporting time, the AI meme coins total capitalization was precisely at $10.9 billion, led by Ai16Z, Fartcoin, and Zerebro.
The cryptocurrency aggregator defines this category as “Meme coins related or inspired by AI. They either leverage AI-powered agents, are created using AI tools, or derive their concept from AI technologies and trends.”
Data from KaitoAI shows that “AI” is crypto’s leading narrative in share of mind, dominating others by nearly 70%.
Narrative’s share of mind. Source: KaitoAIBinance then announced listing AI16Z and ZEREBRO future contracts in its derivative market, highlighting the growing demand for AI agente-related tokens.
Binance Futures announced today that it will launch GRIFFAINUSDT, AI16ZUSDT and ZEREBROUSDT perpetual contracts with up to 75x leverage. Griffain, ai16z and Zerebro launched have been listed on Binance Alpha market. https://t.co/1OJDNfUykP
— Wu Blockchain (@WuBlockchain) January 2, 2025Interestingly, Finbold has been reporting successful AI16Z trading stories since October last year. For example, another trader made from around $3,000 to over $3.2 million in two days, speculating at the AI agent token in its early days.
The Ai16z is an AI-managed crypto fund, governed by the ai16zDAO. This project is named after the prominent Silicon Valley venture capital firm Andreessen Horowitz (commonly abbreviated as a16z). Yet, there is reportedly no relation to Andreesen Horowitz, being a satire (or a meme) to generate buzz. DAO members, who are also token holders, can provide investment suggestions to the AI – a large language model (LLM).
Nevertheless, some analysts remain highly skeptical about the real-world use cases and value sustainability of this asset class. As things develop, each project will have a chance to prove its value and capacity to attract and keep demand.
Featured image from Shutterstock
