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ai16z Price Rally Extends 200% Making It Top Solana Meme Coin

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5 days ago

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In the last 24 hours, the ai16z price gained another 33% making it the top Solana meme coin leaving behind the likes of Pudgy Penguins (PENGU) with a market cap of $2.641 billion. Moreover, it is also the first AI token on Solana to hit a $2 billion market cap as the AI agents narrative picks up steam moving into 2025. Reports suggest that whales have accumulated nearly $25 million of the tokens recently.

Solana Meme Coin ai16z Price Rally Steals the Limelight

Amid hitting fresh milestones, the ai16z price rally has extended more than 200% on the weekly chart moving all the way to $2.41. With more than 600% monthly gains, it is among the top AI-based meme coins that analysts look forward to moving into 2025.

As per the Coinglass data, today’s price rally for the crypto comes with a 147% surge in open interest moving all the way to $63 million. Additionally, the daily trading volume is also up by 40% to more than $260 million.

The ai16z price pump from less than $1 to $2.4 has come in less than seven amid huge whale accumulation for the Solana AI coin. Blockchain data from SOL Scan highlights strong whale activity surrounding the altcoin.

  • Whale wallet wVbrpF…BYuA withdrew 1.86 million coins, (valued at $3.95 million) from Gate.io just four hours ago. This wallet now holds a total of 10.21 million of the crypto, amounting to $22.86 million.
  • A new wallet, CoErvN…8DiS, was created 22 hours ago and has already withdrawn 9,317 SOL ($1.77 million). These funds were used to purchase 955,500 tokens.

The surge in whale activity underscores the growing interest in the AI coin, with substantial investments signaling strong confidence in the token’s future prospects. Developers behind the project are now focused on overhauling its tokenomics and launching a dedicated Layer 1 network akin to Pump.fun. These planned changes to the tokenomics could significantly influence ai16z’s price, alongside broader impacts on related cryptocurrencies within the space.

This AI coin is the first venture capital DAO driven by AI agents. Spearheaded by the AI agent @pmairca, the project harnesses artificial intelligence and collective intelligence to optimize investment decision-making

AI Agents Narrative Picking Up Fast

Crypto market analysts believe that moving into 2025, the AI agents narrative will dominate the market. Notably, VIRTUAL, a leading AI-related cryptocurrency, experienced a remarkable price surge in 2024, solidifying its position as one of the sector’s top performers. Similarly, ai16z, also contributed to this sector with strong gains.

AI-driven infrastructure projects made significant strides as the year began. VIRTUAL reached a new all-time high (ATH) of $5.06, climbing to rank 31 by market capitalization. On the other hand, ai16z price achieved an ATH of $2.42 following a remarkable 192% price surge over the past seven days, reported Coingeckco.

Solana meme coins were on a roll last year in 2024 driving a large part of the overall ecosystem activity. Off lately, players like Peanut the Squirrel (PNUT) and Fartcoin (FARTCOIN) have been dominating the market activity.

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ex-SEC Lawyer Affirms Settlement in XRP Lawsuit

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11 hours ago

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January 6, 2025

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The Ripple SEC case is in debate again as the deadline for the U.S. Securities and Exchange Commission (SEC) to file its initial brief approaches. A former US SEC lawyer said the parties will likely settle as ruled earlier by Judge Analisa Torres. The incoming Donald Trump administration and SEC Chair Paul Atkins may decide to not pursue the appeal in XRP lawsuit.

Ex-SEC Lawyer Says Settlement in Ripple SEC Case Most Likely

Marc Fagel, a former SEC enforcement attorney, on January 6 posts explained to the crypto community that the government agency didn’t lose, but won in part and lost in part. This requires a settlement between parties as both Ripple and SEC appealed the part they lost.

“Because both parties appealed the part of the case they lost. So the penalty is on hold pending appeal,” he added. The court ordered Ripple to pay $125 million in penalty for $700 million in unregistered securities sales to institutional investors.

Marc Fagel asserts the odds of new SEC administration deciding not to pursue the appeal is higher, which will make parties settle Ripple SEC case on what the court ruled. However, he affirmed that the SEC under Gary Gensler will file appeal by January 15.

Pro-XRP Lawyer Expect May End Timeline for XRP Lawsuit

As reported first by CoinGape Media, lawyer Jeremy Hogan has predicted an April or May timeline for the end of the Ripple SEC case. He added that the decision may not come before that as it takes a lot of time to get reports, memos, requisite SEC meetings and others.

Today, he again commented that Paul Atkins will definitely drop the appeal and settle with Ripple to end XRP lawsuit in 2025.

What’s Next Under Paul Atkins?

Experts and the crypto community believe the end of Ripple SEC case will boost the odds for XRP ETF approval. This may also trigger a rally in XRP price.

CEO Brad Garlinghouse in a post on Sunday criticized the SEC under Gary Gensler saying the actions “froze our business opportunities here at home for years.” He highlights that 75% of Ripple’s open job roles are now US-based and the company has signed new deals in the U.S. in the last six weeks.

“Team Trump is already jumpstarting innovation and job growth in the US with Scott Bessent, David Sacks, Paul Atkins and others at the helm, and they aren’t even in office yet! Say what you want, but the “Trump effect” is already making crypto great again.”

Meanwhile, analysts expect XRP price to see another rally to double-digit figures, similar to a 400% rally after Trump’s re-election.

In short-term, XRP price to consolidate at the current range for weeks and then rally towards a new all-time high, as per analyst CrediBULL Crypto. “Currently trading at around where I closed my last long. We’ve taken some liquidity above us into local supply. Currently eye-ing up the orange zone for another potential long trade,” he predicted.

XRP priceXRP price
source: CrediBULL Crypto

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Varinder Singh

Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space.

At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as “Best Crypto Media Company 2024” for high impact and quality reporting.

Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Shiba Inu Community Unveils TREAT Token Launch Date, Here’s When

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14 hours ago

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January 6, 2025

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The Shiba Inu community has reverberated a strong market buzz across the broader crypto sector on Monday, confirming the TREAT token launch date. Notably, the coin’s marketing lead, Lucie recently revealed that the token launch is set to take place just 8 days ahead. In turn, market participants are now immensely enthusiastic about the overall performance of SHIB in the coming days.

Shiba Inu Community Discloses TREAT Token Launch Date

A significant buzz across the Shiba Inu community has prevailed as the week kicks off, primarily as renowned community members spotlighted the TREAT token launch date. According to an X post by Lucie as of January 6, the upcoming token launch is set to occur on January 14. This statement has sparked noteworthy market optimism surrounding the renowned dog-themed meme token’s ecosystem.

Notably, Shytoshi Kusama previously confirmed the TREAT token launch this month, as reported by CoinGape. Following the ‘SHIB: The Metaverse’ launch recently, this looming development has added optimism to the leading dog-themed token‘s endeavors.

However, flagging the upcoming launch, Kusama also warned against potential scams. Overall, the community members have unveiled the launch date, reverberating substantial optimism among traders and investors globally. Also, the upcoming token is also much-touted to be a revolutionary endeavor for the Shiba Inu ecosystem. As a result, market participants are also bullish, anticipating gains in SHIB price.

What’s Ahead For SHIB?

At the time of reporting, SHIB price traded at $0.00002409, down marginally by 0.22%. Its 24-hour low and high were 0.00002346 and $0.00002424, respectively. Despite the volatile intraday movement, market watchers remain optimistic about future movements in light of recent developments and the TREAT token launch. Notably, despite the slump in price, CoinGlass data showed that SHIB Futures Open Interest rose over 3% today.

Simultaneously, a recent Shiba Inu coin price analysis by CoinGape revealed that the coin eyes an extended consolidation ahead. This uncertain prediction comes against the backdrop of recent market technicals and whale movements.

Nevertheless, traders and investors are extensively eyeing the coin for further price action shifts amid recent ecosystem developments. In addition, the recent shifting focus toward the top meme coins has further fueled speculations over a potential rally ahead.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Bitcoin Nears $100K, SPX and FIL Rise 12%

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17 hours ago

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January 6, 2025

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Crypto market today looks bullish as Bitcoin crossed the $99,000 mark and is trying to touch $100,000 again after a two-week bearish trend. SPX6900 (SPX) and Filecoin (FIL) became the top gainers for today, with a 12% surge in price. Major altcoins also showed a positive trend, with most of the top 10 coins in green.

The global crypto market is also up by 1%, reaching $3.49 trillion. However, the trading volume has decreased by a minor 2%, standing at $83 billion. The Fear and Greed Index now shows a reading of 60, indicating that greed has overtaken fear in the market sentiment.

Crypto Market Today: Bitcoin Eyes $100K as Major Altcoins Show Positive Momentum

Crypto prices today showed a strong upward momentum, with Bitcoin (BTC) eyeing the $100K mark. Major altcoins, including Ethereum (ETH), XRP, and Solana (SOL), each gained around 1% in the last 24 hours. Meanwhile, Bitcoin miner Marathon Digital Holdings (MARA) lent 16% of its reserves, driven by rising interest in BTC lending.

Bitcoin Price Today

Bitcoin price today was trading at $99,100, marking a 1% increase in the last 24 hours. Its 24-hour low and high were $97,314 and $99,265, respectively. The market cap stands at $1.96 trillion, with a trading volume of $24 billion. As per SoSo Value data, BTC ETF recorded a weekly inflow of $244 million, reflecting growing institutional interest.

Ethereum Price Today

Crypto market today showed Ethereum (ETH) price trading at $3,668, reflecting a 1% increase in the last 24 hours. Its 24-hour low and high were $3,595 and $3,682, respectively. Ethereum’s market cap stands at $441 billion, with a trading volume of $15 billion.

XRP Price Today

XRP price today was trading at $2.40, showing an approximate 1% increase in the last 24 hours. Its 24-hour low and high were $2.33 and $2.43, respectively. Ripple CEO Brad Garlinghouse highlighted the positive impact that Donald Trump’s victory has had on the company’s operations.

Solana Price Today

SOL price was up by 1% today, trading at $216. Its 24-hour low and high were $211 and $218, respectively.

Top Crypto Gainers Prices Today

SPX6900

SPX price was up by 12% in the last 24 hours, trading at $1.48. In the past week, it surged by 63%. Its 24-hour low and high were $1.27 and $1.56, respectively. Crypto market today reflects SPX’s market cap of $1.38 billion and trading volume of $94 million.

Filecoin

FIL price was up by 12% and is among the top gainers for today, trading at $6.23. Its 24-hour low and high were $5.52 and $6.28, respectively. The market cap stands at $3.86 billion, with a trading volume of $424 million.

Besides this, Movement (MOVE), Injective (INJ), and Artificial Superintelligence Alliance (FET) also gained 8 to 10% in the last 24 hours. Crypto market today highlights that FET token could reach $3 amid its token burn plan.

Top Crypto Losers Prices Today

Virtual Protocol

VIRTUAL price was down by approximately 7%, making it the worst performer for today. It was trading at $4.10, with a 24-hour low and high of $3.96 and $4.40, respectively.

Hyperliquid

HYPE price was down by 3% in the last 24 hours, trading at $24.81. Its 24-hour low and high were $24.06 and $25.63, respectively. The market cap stands at $8.27 billion, with a trading volume of $90 million.

Other than that, BONK, WIF, and BEAM also declined by 3% to 4% in the last 24 hours. Crypto market today reflects a mixed trend, with some tokens facing sell-offs despite positive momentum in major cryptocurrencies.

Besides this, the hourly chart also looks bullish, with Bitcoin price and major altcoins turning green in the last hour. Fartcoin gained 5% in the past hour, indicating short-term positive momentum in the crypto market today.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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