Whale Au6u3 invests $7.42M in AI16Z and ARC tokens.
AI16Z price soars 100%, breaking key levels, targeting $1.53.
ARC rebounds 40%, eyes 70%-170% gains at $0.020-$0.032.
AI token segment sees increased institutional activity, boosting momentum.
As Bitcoin remains stable near the $98,000 mark, the crypto market stands at $3.23 trillion. Amid such conditions, the AI and Big Data token market cap has increased to $35.83 billion, with a 5.63% rise in the past 24 hours.
The trading volume of the AI segment remains at $2.93 billion, accounting for a 20% surge in 24 hours. As the AI tokens gradually gain momentum, whales are lining up amid the improving market conditions.
Whale Accumulation: Major Investments in AI16Z & ARC
As per the recent post by SpotOnChain, a whale has recently made big investments in two AI tokens, AI16Z and ARC. In the past three hours, a whale named Au6u3 has spent a significant amount of SOL tokens to purchase these tokens.
$7.42M in #AI Token Buys: $ARC & $ai16z
In the past 3 hours, new whale “8u6u3” spent:
• 19,500 $SOL ($3.86M) for 12.511M $ARC at ~$0.309
• 18,000 $SOL ($3.56M) for 6.508M #ai16z at ~$0.546
Notably, this whale withdrew 38,139 $SOL from #Coinbase 7 days ago at $216.07, likely… pic.twitter.com/1V0jhSfhrq
— Spot On Chain (@spotonchain) February 11, 2025
$7.42M in Token Buys: & $ai16z
In the past 3 hours, new whale “8u6u3” spent:
• 19,500 ($3.86M) for 12.511M at ~$0.309
• 18,000 ($3.56M) for 6.508M at ~$0.546
Notably, this whale withdrew 38,139 from 7 days ago at $216.07, likely…
— Spot On Chain (@spotonchain)
The transactions include 19,500 SOL tokens exchanged for 12.511 million ARC tokens. The transaction occurred at an average price of $0.309 and amounted to $3.86 million.
Furthermore, the whale switched 18,000 SOL tokens for 6.508 million AI16Z tokens. The average price of this exchange was $0.546 and amounted to $3.56 million.
Notably, the whale recently withdrew 38,139 SOL tokens from over a week ago. The exchange occurred at an average price of $216.07 and was likely in preparation to buy these tokens.
Today, the ARC token has surged by 40%, while the AI16Z token has increased by nearly 35%. As the tokens are performing exceptionally well, it does hint at the possibility of insider trading.
Currently, the portfolio holding of the whale stands at $7.823 million, with 0.57 SOL tokens left in the balance.
AI16Z & ARC Price Analysis: Can the AI Rally Continue?
As per the daily chart, the AI16Z token reveals a quick reversal from the support at the $0.29 mark. With five consecutive bullish candles, the token has risen by nearly 100% and has reclaimed the $0.50 psychological mark.
Breaking above the 23.60% Fibonacci level, the neckline of a rounding bottom pattern now aligns with the 38.20% level. This is priced at $0.6561, and a potential breakout will likely prolong the bull run to the 78.60% level.
This is priced at $1.53 and hints at an upside potential of more than 150%. Along with the bullish recovery in AI16Z, the ARC token has risen significantly.
After creating a bottom at $0.0086, the ARC token has risen to reclaim the $0.10 psychological mark. This accounts for a price surge of nearly 40% and re-enters the falling channel pattern.
The recovery run in ARC is likely to challenge the overhead trendline for a bullish breakout. The upcoming price targets for ARC tokens are $0.020 and $0.032.
This hints at an upside potential of 70% to 170%.