Key Takeaways
AI agent ai16z’s native token AI16Z has achieved a $2 billion market capitalization, making it the first artificial intelligence token on Solana to reach this milestone, according to data from CoinGecko.
The token’s value has tripled in the past ten days, rising from $0.6 to $1.8, driven by increasing interest in AI-integrated blockchain projects. AI16Z currently has a circulating supply of 1.1 billion tokens and a 24-hour trading volume of $373 million.
CoinGecko ranks AI16Z as the third-largest AI agent coin by market cap, following VIRTUAL at $3.8 billion and FET at $3.4 billion.
Launched in late 2024, ai16z operates as a blockchain-based investment platform that utilizes AI-driven insights for evaluating startups and making funding decisions. The AI16Z token serves as both a governance token for proposal voting and a utility token for platform transactions.
ai16z plans to introduce an AI agent launchpad in Q1 2025, where AI16Z will be the primary currency. The launchpad will include listing fees for new agents, staking mechanisms, and liquidity pools.
The token’s rapid growth is attributed to whale accumulation, community engagement, and the hype surrounding Eliza, which has surpassed Google Gemini as the leading AI repository on GitHub, indicating strong developer adoption.
Eliza Labs, the team behind ai16z, has partnered with Stanford University’s Future of Digital Currency Initiative to develop decentralized AI agent systems within the crypto sector. The collaboration focuses on trust frameworks, multi-agent ecosystems, and DAO governance frameworks.
The project has also been accepted into the Binance Alpha program, a pre-listing platform for early-stage projects. This acceptance, coupled with AI16z’s recent restructuring with Eliza Labs, may lead to a future listing on Binance, enhancing its visibility and attracting more investors.
On December 30, Lookonchain reported that two wallets, possibly controlled by the same entity, purchased 2.62 million AI16Z for over $4 million, while another whale acquired 1.19 million AI16Z.
Whales continue to accumulate $ai16z.
Wallets 6ZFcxR…JkZV and HRQXKj…bVFr may belong to the same whale, who spent 22,641 $SOL ($4.34M) to buy 2.62M $ai16z at $1.66 in the last 5 hours.
Meanwhile, FU9b2c…fHyc spent 1.65M $USDC to buy 1.19M $ai16z at $1.39 8 hours ago.…pic.twitter.com/Cpc6sgEoeA
— Lookonchain (@lookonchain) December 31, 2024