Whales Fuel AI Crypto Frenzy: FET, AI16Z, and AIXBT Surge

FET (Artificial Superintelligence Alliance) has seen increased whale activity, with 10,000 to 1,000,000 FET wallets increasing from 572 to 586 from April 13 to April 19. This buildup has been accompanied by bullish price action, with FET rising 8% in 24 hours and 13.5% in a week on renewed momentum in the AI space. This shows whales accumulating positions before growing interest in decentralized AI infrastructure.

Within the related token space, ai16z, which is a Solana AI agent token, has witnessed colossal whale purchasing with numerous whales accumulating over $6.4 million at prices of $1.40 and $1.75 per token. The activity has been accompanied by an astronomical price appreciation, with the token appreciating 155% in 7 days to around $1.62 levels, attaining a market capitalization of $1.79 billion. Developers will release an AI-focused blockchain and token launchpad Q1 2025, further popularizing the token.

Another token, aixbt (Virtuals' analytics AI bot), has attracted whales as well, as a whale invested $1.5 million USDC to purchase 3.13 million aixbt for $0.50 each. This purchase has registered a good performance, with the token up 62% over 7 days to approximately $0.5342 and a market cap of $535 million. Despite some on-chain action showing a whale selling ai16z at a loss of $1.92 million on May 1, overall whale accumulation persists, indicating confidence in the AI agent ecosystem