The cryptocurrency market is witnessing a considerable resurgence since the beginning of this year. Many cryptocurrencies have been part of the headline as some of them reached their all-time highs. SingularityNET (AGIX) is among those surging coins but today the reason for it to be the talk of the town is different.
Lookonchain, an on-chain analytics platform, on February 24 reported that an early holder of AGIX shifted a substantial amount of the tokens to Binance.
Millions of SingularityNET (AGIX) Moved
As per the analysis, the whale transferred 11.8 million $AGIX (worth $4.8 million) to the largest cryptocurrency exchange Binance.
In the following thread, Lookonchain mentioned that the early holder withdrew 4.4M $AGI from EtherDelta from January 19 to March 18, 2018, and bought around 12.4 Million tokens from Binance in the course of 19 months (from Oct 23, 2018 to Apr 07, 2020).
Then in May 2021, the team behind the project announced that the SingularityNET AGI token was hard forked to $AGIX. At that time, many crypto exchanges gave their support for the transition of AGI to AGIX!
And this particular holder claimed 17.26 Million tokens just to re-stake them through 14 new addresses. Now, finally, the whale made a move and claimed part of the staking $AGIX and transferred to Binance today, which was likely to sell.
AGIX Token Price To Rise Above $0.50?
A 6.87% rise in SingularityNET (AGIX) price in the past 24 hours indicates that it is benefiting from the widespread interest in AI-based coins. With a 151.32% surge in a month, the SingularityNET (AGIX) is the best-performing artificial intelligence-based token so far.
On February 24, SingularityNET (AGIX) token price jumped to $0.4323, gaining 4.03% of its value in the last hour. Since its all-time high of $1.86, the AI coin has dropped by 69.03%. It has been speculated that the current price of SingularityNET (AGIX) might surge up to $0.50 in the near future.