As you know, artificial intelligence technology, which has become a trend recently, has inspired many cryptocurrencies. Artificial intelligence coins, which have been advancing under the leadership of SingularityNET (AGIX), which has been a favorite of investors for a long time, have been followed by whales for a while. A prominent cryptocurrency whale is replacing its AGIX coins with this artificial intelligence coin! Here are the details…
Giant cryptocurrency whale has sold its assets for this AI coin!
As the cryptocurrency market is swarming with artificial intelligence (AI), many investors are turning to this sector. Investors, especially drawing attention to the features offered by artificial intelligence projects, turned to coins such as AGIX, FET and GPT, which have been on the rise recently. The last sale of artificial intelligence coins, the most active category of the last period, attracted the attention of investors. A prominent cryptocurrency whale has traded a total of $10 million in artificial intelligence coins using two decentralized exchanges, Uniswap and 1inch.
Data transmitted by the on-chain analytics platform Lookonchain revealed that the cryptocurrency whale recently sold SingularityNET, which has been on the rise with the trend, while the whale has sold 17.8 million units of AGIX worth $7.86 million. After that, the leading cryptocurrency whale turned its assets into USDT and turned to other coins.
While the interest in the artificial intelligence industry came to the fore with the artificial intelligence bot ChatGPT, the launch of ChatGPT’s new artificial intelligence language, GPT-4, as we quoted as Kriptokoin.com, caused an increase in the price of artificial intelligence coins. Especially in this trend where FET and GPT are on the rise, the leading cryptocurrency whale spent 1.87 million USDT and bought 20.3 million GPT coins.
After the sale of the whale, the AGIX price went down!
On-chain analytics platform Lookonchain states that the movements of the whale should be closely followed by investors. Whale can instantly direct the price as it trades with large assets. Therefore, according to experts, the giant cryptocurrency whale should be in the lens of investors.
On the other hand, the decline in the price of AGIX after the sale of the giant cryptocurrency whale caught the attention of many investors. While the GPT gained more than 10 percent, AGIX fell more than 8 percent, upsetting its investors. In addition, AGIX has also experienced a decrease in its market value, and the AGIX market capitalization is currently at $ 491 million.
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