Outside Source
Following the introduction of its new advisors, the Eliza Wakes Up ecosystem token $ai16z has seen significant accumulation by large investors.
As reported by Lookonchain, over the last month, whale wallet E9UD…Y9cf has accumulated upwards of 19.83 million ai16z (AI6Z) tokens, roughly worth $17.82 million, which has an unrealized profit of $8.4M.
The whale also managed to buy tokens such as Peanut the Squirrel (PnUT), First Convicted RACCON (FRED) and Obi PNut Kenobi (OPK), which are directly correlated to Eliza’s overarching ecosystem, spending 15,140.85 Solana (SOL). The portfolio currently stands at a value of 30 million USD, and this move has already created amazing returns. An increase of 207% and 345% occurred in the price of FRED and OPK, respectively, in under 24 hours – a clear signal that the market believes in Eliza.
ai16z and Ryze Labs push AI trend forward
Adding to the momentum behind AI6Z whale accumulation is the news that Eliza Wakes Up’s new AI protocol project has partnered up with Shaw, the founder of ai16z. Eliza Wakes Up announced this partnership at the same time they onboard top-tier advisors, like Jeff Wolcott, director at Eliza Studios and ai16z creative. Other advisors include Matthew Graham, the founder of Ryze Labs, and Ropirito, a Nous Research expert. Now, the project has cemented its standing as a new player in AI-enacted decentralized solutions and is ramping up its narrative of merging AI protocols within decentralized ecosystems.
ai16z is a Decentralized Autonomous Organization dedicated to finding the sweet spot between AI and blockchain. Its portfolio includes AI-driven protocols and ecosystems. It is trying to build scalable, decentralized AI solutions that improve how DAOs and other blockchain-based systems engage closer to the user.
On Dec. 25, AI6Z achieved a major milestone, hitting a $1 billion market cap. The withdrawals on Coinbase alone came on the same day a whale moved 13,000 SOL tokens, or $2.58 million, to buy 2.86 million governance AI16Z tokens for an average price of $0.90 per token.
After the purchase, the tokens were transferred to the whale’s main address, which now contains 15.6 million AI6Z worth $14.93 million at the time. The token’s market is currently valued at $982.02 million and is up 10% in 24 hours at the time of writing.
Ryze Labs, on the other hand, focuses on creating AI combinator projects that merge blockchain infrastructure with next-gen AI features. Ai16z and Ryze Labs are pioneering crypto + AI projects, applying blockchain’s decentralized architecture to enable more intelligent, autonomous AI.
This article first appeared at crypto.news
