Whales Show Interest Over AI Token Which They Accumulated Heavily Just Before Binance-Paxos Fiasco – Coinpedia Fintech News
AI-tokens have been on the rise surpassing the traditional cryptos along with the DeFi and the NFT tokens
Massive whale accumulations have been recorded, indicating a bullish trend for the token in the longer time frame
The evolution of cryptos has been on edge in recent times as the industry has swelled with new inventions solving real-life use cases. After the traditional cryptos laid a strong foundation, the next-gen technologies like Decentralised Fianance (DeFi) and the Non-Fungible Tokens (NFTS) have embraced their own presence.
Presently, the space appears to have moved a step ahead with AI or Artificial Intelligence based tokens that have gained huge traction and acceptance.
AI tokens like SingularityNET (AGIX), Fetch.ai (FET), the Graph Token (GRT), etc, and many more have been on the rise. Moreover, the surging interest in the whales may be like the icing on the cake. As per the data, whales have been constantly accumulating FET tokens from November 10th to February 7th.
Further, these whales also extracted profits on Feb 09 & 10 and rebought the tokens on Feb 11 and currently hold 6.5 million FET.
The on-chain data providers also highlighted the other tokens being accumulated by whales like the Graph Token and Ocean Protocol. As per the platform, the whales have accumulated 11.3 million GRT and 2.3 million OCEAN. However, the whale addresses are yet to take full profits.
The AI tokens have gained huge attention with a 10x to 15x rally in the past 30 to 45 days. Therefore, despite the tokens being under a bearish trap at the moment, are believed to make a large comeback in the near future.
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