Crypto Whale Drops $2.7M on THIS Token—$1 Price Target Imminent?!

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A whale identified as “0x001” engaged in a buying frenzy last week, and this activity aligned neatly with the recent surge in the token’s price to an unprecedented peak. On January 16th, the token’s value peaked at $0.9403.

As a researcher, I’ve been instrumental in crafting Aixbt by Virtuals (AIXBT), an AI-powered virtual agent that operates as a comprehensive crypto market intelligence platform. This innovative service leverages artificial intelligence to streamline the process of monitoring and interpreting trends within the cryptocurrency market. Notably, it functions seamlessly on both Solana and Base blockchains.

As reported by Spot On Chain, the entity with the most AIXBT tokens acquired an extra 3.81 million units in the last four days. This purchase was made right before the token’s price surged by 41%.

With this purchase, the whale now owns a grand total of 8,310,000 AIXBT tokens. This equates to roughly 0.83% of the entire token supply, which stands at 998,910,000 units. The whale managed to acquire these tokens at an average price of $0.623, amounting to a total expenditure of approximately $5,180,000.

The leading investor, identified as “0x001”, just added another 3.81 million units of $AIXBT (worth approximately 2.72 million dollars) to their portfolio before its value jumped by around 41%, setting a new all-time high today!

Over the past four days, this whale has accumulated a total of 8.31 million $AIXBT, which represents about 0.83% of the total supply, at an average price of around 0.623 dollars (estimated cost: 5.18 million dollars).

With these recent purchases, this whale now holds a significant portion of the $AIXBT tokens.

— Spot On Chain (@spotonchain) January 16, 2025

After the recent surge in AIXBT’s price, this investor now ranks as the 8th largest retail shareholder, boasting an estimated profit of $2.2 million from their initial investment. This represents a substantial return of approximately 43%.

According to previous reports from crypto.news, this token is highly regarded among AI-focused tokens by Franklin Templeton. Remarkably, on January 15th, its value surged by an impressive 45.2% within just one day.

Nevertheless, the peak moment arrived when the token got listed on OKX at approximately 7:00 am UTC. Additionally,HashKey Global, another significant exchange, followed suit by listing the token, thereby enhancing investor trust in it.

Aixbt to reach $1 soon?

As a crypto investor, I’m seeing some promising trends in the token market that suggest potential for even greater price hikes. The Moving Average Convergence Divergence (MACD) and open interest are both pointing towards bullish signals. Firstly, the MACD histogram is showing an increase in green bars, which signifies strengthening buying momentum and a strong upward price trend. Secondly, the MACD line crossing above the signal line further reinforces this positive outlook. These indicators give me confidence that the token’s price might continue to climb higher.

Additionally, a rise in open interest suggests that either sellers or buyers are joining the market in larger numbers. In other words, traders are becoming more assured as they establish and maintain their trading positions.

In simpler terms, the Moving Average Convergence Divergence (MACD) is a tool that shows how strong a trend is in a market, while Open Interest provides insights into the level of trading activity and dedication within it.

The indicators suggest that AIXBT’s growth is strong at present, and it might not be unrealistic for the price to reach $1. Yet, it’s crucial for investors and traders to stay alert, watching closely for any signs of changing market sentiment that could potentially cause a downturn.

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2025-01-16 17:39