The evolution of crypto has been at its peak lately as the industry has grown with new inventions that solve real-life use cases. After traditional cryptos have established a strong foundation, next-generation technologies such as decentralized finance (DeFi) and non-fungiable tokens (NFT) have adopted their own assets. Now, artificial intelligence coins are next. Currently, the field seems to have taken a step forward with AI or AI-based tokens gaining great interest and acceptance. So, which coins are the whales in focus?
These AI coins are in vogue
SingularityNET (AGIX), Fetch.ai (FET), The Graph Token (GRT), etc. AI tokens and much more are on the rise. Moreover, the interest of whales in these coins has increased. According to the data, whales are constantly accumulating Fetch.ai (FET) tokens from November 10 to February 7. In addition, these whales also made profits on February 09 and 10 and repurchased the tokens on February 11. They currently have 6.5 million FETs based on available data.
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Besides $FET, 0x1d2 has also accumulated other AI tokens, including:
• 11,3M $GRT ($1,7M)
• 2,3M $OCEAN ($1M)Despite having a high unrealized gain, it has yet to take full profits. pic.twitter.com/YPET7T17g8
— The Data Nerd (@datanerdonchain) February 14, 2023
According to Santiment’s reports, a massive $61.2 million FET was recently transferred to an existing whale address that currently holds 224.46 million ETH. This move places FetchAi at 102nd place in the crypto market by market cap, with a massive 395% increase in value in 2023 alone.
On-chain data providers also highlighted other tokens accumulated by whales such as The Graph (GRT) and Ocean Protocol (OCEAN). According to the platform, the whales have accumulated 11.3 million GRT and 2.3 million OCEAN. However, whale addresses have yet to make full profits. AI tokens have received a lot of attention with 10x to 15x rally in the last 30 to 45 days. Therefore, it is believed that the tokens that are currently in a bearish trap will make a big comeback in the near future.
Rise of AI tokens: 16x
Despite the volatility of the crypto market, FetchAi’s recent success is a testament to the growing demand for Blockchain-based solutions. The platform focuses on providing AI-powered services for various industries, from healthcare to transportation and logistics. As we reported on cryptocoin.com, the crypto market is currently experiencing a surge in AI-related tokens, driven largely by revolutionary developments in AI such as OpenAI’s ChatGPT and Google’s Bard.
Microsoft’s multi-million dollar investment in OpenAI and increased interest in AI chatbots has resulted in price increases of up to 16x for many tokens led by DeepBrain Chain, SingularityNET, and FetchAI. With this interest, it seems clear that the future of artificial intelligence has had a significant impact on the world of cryptocurrencies.
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