Aixbt whale, nicknamed “0x001” went on a buying spree last week, which coincided with the token's recent rise in price to a new all-time high . On January 16, the highest value of the TK share was 0.9403 Euro.
Developed on the Virtuals Protocol, an AI-driven virtual agent, Aixbt by Virtuals (AIXBT) serves as a crypto market information platform. The service uses artificial intelligence to automate the detection and analysis of cryptocurrency market trends. It runs on both Solana and Base blockchains.
According to Spot On Chain, the largest holder of AIXBT bought an additional 3.81 million tokens over the past four days, just before the 41% price increase.
This acquisition brought the whale's total holdings to 8.31 million AIXBT – about 0.83% of the token's total supply of 998.91 million. The whale bought at an average price of $0.623, costing about $5.18 million in total.
After the subsequent price rally, this holder is now the eighth largest selling holder of AIXBT, with an unrealized profit of $2.2 million – equivalent to a 43% gain on the investment original.
As reported earlier by crypto.news, the token is one of the most prestigious AI agent tokens, according to Franklin Templeton. On January 15, the token saw a price appreciation of 45.2% in a day.
However, the crowning glory came after the brand was listed on it OKX around 7:00am UTC. In addition, Global HashKeyanother centralized exchange, listing the token, increasing market confidence in the token.
Aixbt to reach $1 soon?
The current trends seen by the token indicate room for further price increases, as both MACD and open interest are showing bullish signals. First, the MACD histogram indicates climbing green bars indicating increased buying and a strong upward price movement. Second, this analysis is best helped by the MACD line crossing the signal line.
Additionally, increased open interest indicates new interest from sellers or buyers. This means that traders are more confident as their positions are taken.
The MACD, as a momentum indicator, indicates the strength of a trend, while open interest provides an indication of market activity and enthusiasm.
Both metrics point to growth for now, with the view that AIXBT reaches $1 not too long. However, there is a need to be vigilant for investors and traders to try to catch any downward movement in sentiment.
