ai16z whale invests $17m in tokens amid Eliza partnership

Following the introduction of its new advisors, Eliza Wakes Up ecosystem token $ai16z has seen significant accumulation by major investors.

As reported by Lookonchain, last month whale wallet E9UD…Y9cf accumulated 19.83 million ai16z (AI6Z) tokens worth roughly $17.82 million, resulting in an unrealized profit of $8.4 million.

By spending 15,140.85 Solana (SOL), Whale also managed to purchase tokens such as Peanut the Squirrel (PnUT), First Convicted RACCON (FRED), and Obi PNut Kenobi (OPK), which are directly related to Eliza’s extensive ecosystem. The portfolio is currently valued at $30 million and this move has already generated incredible returns. There was a 207% and 345% increase in FRED and OPK prices respectively in less than 24 hours; This is a clear sign that the market believes in Eliza.

ai16z and Ryze Labs push the AI ​​trend forward

Adding to the momentum behind the AI6Z whale build is the news that Eliza Wakes Up’s new AI protocol project has partnered with ai16z founder Shaw. Eliza Wakes Up announced this partnership at the same time as Eliza Studios and top advisors including ai16z creative director Jeff Wolcott. Other advisors include Ryze Labs founder Matthew Graham and Nous Research expert Ropirito. Now the project has strengthened its position as a new player in AI-enabled decentralized solutions and strengthens its narrative on combining AI protocols within decentralized ecosystems.

ai16z is a Decentralized Autonomous Organization dedicated to finding the sweet spot between AI and blockchain. Its portfolio includes artificial intelligence-supported protocols and ecosystems. It strives to create scalable, decentralized AI solutions that improve the way DAOs and other blockchain-based systems interact closer to the user.

On December 25, AI6Z reached a significant milestone, reaching a market cap of $1 billion. Withdrawals on Coinbase alone occurred on the same day when a whale moved 13,000 SOL tokens, or $2.58 million, to purchase 2.86 million governance AI16Z tokens at an average price of $0.90 per token.

After the purchase, the tokens were transferred to the whale’s home address; This address held 15.6 million AI6Zs worth $14.93 million at the time. The token’s market is currently worth $982.02 million and is up 10% in 24 hours at the time of writing.

Ryze Labs, on the other hand, focuses on creating artificial intelligence integrative projects that combine blockchain infrastructure with next-generation artificial intelligence features. Ai16z and Ryze Labs are pioneering crypto + AI projects by applying blockchain’s decentralized architecture to enable smarter, autonomous AI.