The Aixbt whale, named “0x001,” went into a buying spree last week, which coincided nicely with the recent surge in the token’s price to a new all-time high. On January 16, the token reached a maximum value of $0.9403.
Developed on the Virtuals protocol, an AI-driven virtual agent, Aixbt by Virtuals (AIXBT) serves as a crypto market information platform. The service uses artificial intelligence to automate the tracking and analysis of cryptocurrency market trends. It runs on both Solana and Base blockchains.
According to Spot On Chain, the largest holder of AIXBT bought an additional 3.81 million tokens over the past four days, just before the 41% price increase.
This acquisition brought the whale's total holdings to 8.31 million AIXBT – roughly 0.83% of the total token supply of 998.91 million. The whale was purchased at an average price of $0.623, spending about $5.18 million in total.
Following the subsequent price rise, this holder is now the eighth largest retail holder of AIXBT, with an unrealized gain of $2.2 million – equivalent to a 43% gain on the original investment.
like I mentioned Previously reported by crypto.news, the token is one of the most popular AI agent tokens, according to Franklin Templeton. On January 15, the token saw its price rise by 45.2% in one day.
However, the crowning glory came after the inclusion of the token OK x About 7:00 AM UTC. additional, Hashkey Internationalanother centralized exchange, listed the token, boosting market confidence in the token.
Aixbt to reach $1 soon?
The current trends witnessed by the token indicate that there is room for further price increases, considering that both the MACD indicator and open interest are providing bullish signals. First, the MACD histogram identifies climbing green bars indicating increasing buying momentum and strong upward price action. Secondly, this analysis is best supported by the MACD line crossing above the signal line.
Furthermore, an increasing amount of open interest indicates new participation from sellers or buyers. This means that traders become more confident when taking their positions.
The MACD, as a momentum indicator, indicates trend strength, while open interest gives an indication of market activity and commitment.
Both metrics point to growth at the moment, as the idea of AIXBT reaching $1 is not far-fetched. However, caution is essential for investors and traders to try to spot any potential downward shifts in sentiment.
Source link