Whales Go Wild: AI16Z and ARC Tokens Soar in Market Recovery

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Well, well, well, what do we have here? It seems that Bitcoin (BTC) is lounging comfortably near the $98,000 mark, like a cat napping in a sunbeam. The crypto market, as grand as ever, stands at a whopping $3.23 trillion. Amid this tranquil scene, the AI and Big Data token market cap has ballooned to $35.83 billion, with a 5.63% rise in the past 24 hours. 📈🚀

The trading volume of the AI segment has jumped by 20% in 24 hours, reaching $2.93 billion. As these AI tokens start to pick up steam, the whales are getting ready to dive in. 🐳🌊

Whale Accumulation: Major Investments in AI16Z & ARC

According to the latest post by SpotOnChain, a whale has made some rather large splashes in the AI token pool. This mysterious creature, known as Au6u3, has spent a significant amount of SOL tokens to purchase two AI tokens: AI16Z and ARC.

$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…

— Spot On Chain (@spotonchain) February 11, 2025

The transactions include 19,500 SOL tokens exchanged for 12.511 million ARC tokens at an average price of $0.309, totaling $3.86 million. The whale also swapped 18,000 SOL tokens for 6.508 million AI16Z tokens at an average price of $0.546, amounting to $3.56 million.

Interestingly, the whale had withdrawn 38,139 SOL tokens from Coinbase a week ago at an average price of $216.07, likely to prepare for these purchases. 🤔💰

Today, the ARC token has surged by 40%, while the AI16Z token has climbed nearly 35%. This sudden rise does make one wonder if there’s a bit of insider trading going on. 🕵️‍♂️💼

Currently, the whale’s portfolio stands at $7.823 million, with a measly 0.57 SOL tokens left in the balance. 🐳💸

AI16Z & ARC Price Analysis: Can the AI Rally Continue?

Looking at the daily chart, the AI16Z token has made 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, priced at $0.6561. A potential breakout will likely prolong the bull run to the 78.60% level, priced at $1.53, hinting at an upside potential of more than 150%. 🚀🌟

Along with the bullish recovery in AI16Z, the ARC token has also risen significantly. After creating a bottom at $0.0086, the ARC token has reclaimed the $0.10 psychological mark, surging by nearly 40% and re-entering 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, hinting at an upside potential of 70% to 170%. 🌟📈

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2025-02-11 15:43