ai16z becomes first AI token on Solana to hit $2B market cap
Key Takeaways
- AI16Z becomes the first AI token on Solana to achieve a $2 billion market cap.
- The token usage includes governance and utility functions on the ai16z platform.
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AI agent ai16z’s native token AI16Z has reached a $2 billion market capitalization, becoming the first artificial intelligence token on Solana to hit this milestone, according to data from CoinGecko.
The token’s value has tripled in the past ten days, climbing from $0.6 to $1.8 amid growing interest in AI-integrated blockchain projects. AI16Z currently has a circulating supply of 1.1 billion tokens and maintains a 24-hour trading volume of $373 million.
According to CoinGecko, AI16Z now ranks third among AI agent coins by market cap, only behind VIRTUAL at $3.8 billion and FET at $3.4 billion.
Launched in late 2024, ai16z operates as a blockchain-based investment platform using AI-driven insights for startup evaluation and funding decisions. The AI16Z token serves dual purposes as a governance token for proposal voting and a utility token for platform transactions.
ai16z is considering rolling out an AI agent launchpad in Q1 2025, which will use AI16Z as its primary currency. The plans include listing fees for new agents, staking mechanisms, and liquidity pools.
The token’s rapid growth has been driven by whale accumulation, community engagement, and the hype around Eliza, which recently surpassed Google Gemini as the top AI repository on GitHub, signaling strong developer adoption.
Eliza Labs, the team behind ai16z, has partnered with Stanford University’s Future of Digital Currency Initiative to develop decentralized AI agent systems within the crypto sector. The collaboration focuses on trust frameworks, multi-agent ecosystems, and DAO governance frameworks.
The project has also been included in the Binance Alpha program, a pre-listing platform for early-stage projects. Being accepted into Binance’s Alpha program, combined with AI16z’s recent restructuring with Eliza Labs, could pave the way for a future listing on Binance. This would likely boost AI16z’s visibility and attract more investors.
On December 30, Lookonchain reported that two wallets, potentially controlled by a single entity, purchased 2.62 million AI16Z for over $4 million, while another whale acquired 1.19 million AI16Z.
Whales continue to accumulate $ai16z.
Wallets 6ZFcxR…JkZV and HRQXKj…bVFr might belong to the same whale, who spent 22,641 $SOL($4.34M) to buy 2.62M $ai16z at $1.66 in the last 5 hours.
Meanwhile, FU9b2c…fHyc spent 1.65M $USDC to buy 1.19M $ai16z at $1.39 8 hours ago.… pic.twitter.com/Cpc6sgEoeA
— Lookonchain (@lookonchain) December 31, 2024
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Author: Vivian Nguyen
