🌎 ai16z Token Surges to All-Time High

ai16z Token Surges to All-Time High Following Layer-1 Blockchain Plans

ai16z Token Rallies 38% Amid Plans for Open-Source Layer-1 Blockchain

The native token of the Agentic AI platform, ai16z, has experienced a significant surge in value following the project’s plans to launch its own Layer-1 blockchain. According to recent data, the token rose 38% to an all-time high of $1.77, with its market cap increasing from $1.4 billion to over $1.9 billion. This rally was driven by heightened trading activity, with the token’s daily volume doubling over the past day to $330 million.

Weekly and Monthly Gains

Zooming out to its weekly and monthly charts, the gains were significantly higher at 156% and 383%, respectively. This makes ai16z one of the best-performing assets among the top 100 cryptocurrencies during these periods.

Why Did ai16z Soar?

Several catalysts drove ai16z’s recent rally, with the standout being its plans to launch an open-source Layer-1 blockchain tailored for AI applications. This marks a major step in its tokenomics revamp. Additionally, the project will introduce a token launchpad in Q1 2025, which would become the primary platform for deploying AI projects built on the Eliza framework—the project’s AI operating system.

Token Launchpad Features

The launchpad is expected to include features such as launch fees, staking requirements for access, and liquidity pool pairings to drive value to the ai16z token. The token will play a dual role, functioning both as a governance token within the DAO and as a utility token for platform activities.

Increased Whale Accumulation and Market Sentiment

Investor sentiment was further bolstered by Eliza, surpassing Google Gemini to become the world’s top AI repository on GitHub in December. This, combined with growing hype around AI agents, pushed the AI token to trend on Google and secure a top spot on CoinGecko. Increased whale accumulation over the past week also helped extend the AI crypto’s rally.

Whale Purchases and Derivatives Market

According to recent data, two wallets likely owned by the same whale have purchased 2.62 million of ai16z tokens for 22,641 SOL worth around $4.34 million. Another whale acquired 1.19 million ai16z tokens for 1.65 million USDC at an average price of $1.39 per token. Demand for ai16z among derivatives traders has also jumped massively over the past day, with the open interest in ai16z’s futures market rising by 256% to over $22.5 million.

Market Expert Insights

“Recent developments have positioned ai16z to surpass VIRTUAL, the largest AI agent creation tool by market cap.”

Daniel Cheung, a partner at crypto VC Syncracy Capital, projects that ai16z could surpass other AI heavyweights like Virtuals Protocol. At the time of writing, VIRTUAL had a market cap of $3.68 billion, while ai16z stood at $1.79 billion.