While the cryptocurrency market index is showing red, some meme cryptocurrencies are making notable gains. ai16z (AI16Z), a Q4 2024 sensation, achieved a record $2 billion valuation and exploded into the top 70 altcoins.

AI16Z, the best performing PEPE meme coin in the top 100 list

ai16z (AI16Z) is a daily top performer in today's Top 100. After a staggering 43% rise, the cap exceeded $2 billion.

In the past 24 hours, the project, which was initially introduced on Solana's coin launcher Pump.fun, recorded a significant spike in trading volume as well. In the past seven days, the token has added more than 150% amid prevailing market apathy and a decline in the coin sector.

As of press time, ai16z (AI16Z) is trading at $1.85 on Gate.io and KuCoin, the first two major exchanges to list the new main meme coin.

Pepe (PEPE) is another top-tier memecoin that posted double-digit gains on December 31, 2024. The cryptocurrency rose by 18%. Pepe (PEPE) returns to the top 25 cryptocurrencies. PEPE reached $0.00002077 in USDT pairs on the first spot exchanges.

Floki Inu (FLOKI), Dogecoin (DOGE), and Shiba (SHIB) prices rose 4-5% in 24 hours.

Will IP issues stop AI16Z mania?

While ai16z (AI16Z) is in no way associated with Andreessen Horowitz, the token's massive capitalization has sparked discussion about potential misuse of intellectual property.

Veteran investor Haseeb Qureshi, Managing Partner of Dragonfly Capital VC, raised concerns when the cryptocurrency team announced its new roadmap with L1 launch ambitions.

ai16z DAO representatives He replied They remain in contact with executive-level officials at the American investment mogul and are not concerned about potential trademark issues.