- AI16Z surged 35% to $1.27 after announcing Eliza v2, with its market cap nearing $1.4 billion.
- Whale investors accumulated over 15.95 million tokens, while futures open interest rose 10% to $193.9 million.
- Technical indicators like the 50-day EMA and RSI suggest strong bullish momentum with room for further gains.
The AI-powered altcoin AI16Z soared by 35% to an intraday high of $1.27 on January 14, fueled by the announcement of an upcoming update to its AI operating system, Eliza. This rally pushed its market cap from $1 billion to nearly $1.4 billion, with daily trading volume spiking by 33% to $646 million, as reported by crypto.news.
Eliza Update Sparks Investor Excitement
The surge coincided with details about Eliza v2, which promises innovative features like full autonomy for seamless operations, unified wallet abstraction, and a plugin registry to support diverse integrations. The release of Eliza’s technical whitepaper added further momentum, driving interest among traders and developers.
Whale and Smart Money Accumulation
Data from Lookonchain revealed that whales are capitalizing on the hype, with one whale withdrawing 5.64 million AI16Z tokens worth $6.37 million from Gate.io. This whale now holds over 15.95 million tokens, valued at $17.86 million. Additionally, open interest in the AI16Z futures market rose 10% to $193.9 million, signaling increased demand from traders.
Technical Indicators Point to Continued Bullish Momentum
AI16Z’s price is positioned above the 50-day Moving Average, while the ADX indicator shows a strong trend with a reading of 40. The MACD histogram bars suggest a bullish reversal, and the RSI at 47 indicates room for growth before reaching overbought levels.
With growing interest and bullish technical signals, AI16Z appears poised for further gains, bolstered by the excitement surrounding the Eliza update and strong accumulation trends among major investors.
