An Aixbt whale, labeled “0x001” went into a buying spree last week, which coincided well with the recent price rise of the token to a new all-time high. On Jan. 16, the token reached a maximum value of $0.9403.
Developed on the Virtuals Protocol, an AI-driven virtual agent, Aixbt by Virtuals (AIXBT) serves as a crypto market intelligence platform. The service utilizes artificial intelligence to automate tracking and analysis of cryptocurrency market trends. It runs on both Solana and Base blockchains.
According to Spot On Chain, the largest holder of AIXBT purchased an additional 3.81 million tokens over the past four days, just before a 41% price increase.
This acquisition brought the whale’s total holdings to 8.31 million AIXBT—approximately 0.83% of the token’s total supply of 998.91 million. The whale bought at an average price of $0.623, spending about $5.18 million in total.
Following the subsequent price rally, this holder is now the eighth-largest retail holder of AIXBT, with an unrealized profit of $2.2 million—equivalent to a 43% gain on the original investment.
As reported earlier by crypto.news, the token is one of most acclaimed AI agent tokens, as per Franklin Templeton. On Jan. 15, the token saw a price appreciation of 45.2% in a day.
However, the crowning glory came after the token was listed on OKX around 7:00 am UTC. Further, HashKey Global, another centralized exchange, listed the token, boosting market confidence in the token.
Aixbt to reach $1 soon?
Current trends seen by the token indicate room for further price increases, considering that both the MACD and open interest present bullish signals. First, the histogram of MACD identifies climbing green bars indicating increasing buying momentum and strong upward price movement. Second, this analysis is better assisted by the MACD line crossing above the signal line.
Furthermore, an increasing amount of open interest indicates new participation from sellers or buyers. This means that traders are more confident as their positions are being taken.
The MACD, being a momentum indicator, signals the strength of a trend, while open interest gives an indication of market activity and commitment.
Both metrics signal growth for now, with the idea of AIXBT reaching $1 not too far-fetched. However, being vigilant is necessary for investors and traders to try to catch any potential downward shifts in sentiment.
