Whale buys 3.81M AiXBT; token reaches an all-time high—can it hit $1 soon?

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. Top holder “0x001” bought another 3.81M $AIXBT ($2.72M) before the price soared ~41%, hitting a new ATH today! In total, this whale has purchased 8.31M $AIXBT , or 0.83% of the total supply, at an average price of $0.623 (est. cost: $5.18M) over the past 4 days. The whale is now… pic.twitter.com/VQM5TR7NbQ — Spot On Chain (@spotonchain) January 16, 2025 You might also like: Promising crypto presale to invest in with potential SHIB style rally in 2025 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. You might also like: OKX Ventures 2024 report: injected $100m in more than 60 projects with AI and Bitcoin focus 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? The MACD indicator for AIXBT reveals increasing buying momentum, suggesting a continuation of the bullish trend. Source: TradingView 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. Aggregated open interest for $AIXBT showcases a strong upward trend, indicating growing trader participation and confidence in the market rally. Source: TradingView 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. You might also like: The crypto outshining SUI and XRP after its ecosystem exploded in December