Altcoins recorded substantial gains over the past 24 hours following Bitcoin’s rebound.
However, ai16z stole the show after extending its rally with a 35% increase within the past day.
Consistent gains over the past few sessions saw ai16z becoming the first AI coin on the Solana blockchain to surpass the $2B market cap milestone.
The artificial intelligence-focused digital coin saw its market cap hit $2.73 billion today as prices rallied to all-time highs of $2.48.
Whale accumulation drives ai16z
The metric hovers at $2.61 billion as ai16z retreated to $2.38 at press time.
Meanwhile, the token exhibits robust bullishness after surging over 200% within seven days.
Ai16z’s gains come as AI agents gain attention, with data showcasing increased token accumulation by institutional players.
Whale interest has contributed to ai16z’s price surge from below $1 to $2.48 within a week.
Lookonchain reveals massive purchases by large-scale investors.
One address withdrew ai16z worth $3.95 million (1.86 million tokens) from Gate.io.
The purchase increased his holdings to 10.21 million coins (valued at approximately $22.86 million).
