🌎 AI16Z Token Rallies 35% Amid Eliza Update

AI16Z Token Sees 35% Rally Following Eliza Update Details

Recently, the AI16Z token experienced a significant price surge, increasing by 35% to an intra-day high of $1.27 on January 14, with its market capitalization rising from $1 billion to nearly $1.4 billion. This rally was largely fueled by heightened trading activity, with the token’s daily volume jumping 33% over the past day to $646 million.

Eliza Update and Technical Whitepaper Release

The rally was triggered by Shaw, the project’s founder, sharing details about the upcoming version 2 update to Eliza, the operating system powering the Agentic AI platform. The update is expected to deliver advanced features, including full autonomy for seamless operation, unified wallet abstraction for streamlined asset management, and a sophisticated plugin registry to support diverse integrations.

The release of the official technical whitepaper for Eliza on January 14 further contributed to the token’s price movement.

Increased Demand Among Derivative Traders and Whale Investors

According to recent data, the open interest in the AI16Z futures market rose by 10% over the past day to $193.9 million. Meanwhile, whale investors have shifted their focus to AI16Z, with a recent withdrawal of 5.64 million AI16Z tokens, valued at $6.37 million, from the centralized exchange Gate.io.

Additionally, smart money investors have reportedly started accumulating the token, with AI16Z receiving the second-largest inflows of $196K in the past hour.

Other notable inflows include:

Fartcoin – $242K
$MACK – $50K
$UFD – $31K
$LLM – $25K

Bullish Technical Indicators

Technical indicators suggest that the current rally may be extended. The AI16Z price is positioned above the 50-day Moving Average, indicating that bulls are still in control. This is confirmed by the Average Directional Line indicator, which shows a reading of 40, signaling strong trend strength.

The histogram bars on the Moving Average Convergence Divergence bars are diminishing in size, also indicating a bullish reversal. Meanwhile, the Relative Strength Index is at 47, indicating that the altcoin has plenty of room for gains before hitting the overbought zone.