Recently, ai16z tokens made a big deal with a large investor, which is sometimes called a whale.
Data from Lookonchain shows a whale took 15,567 $SOL (roughly $2.9M) and withdrew from Coinbase Prime six hours ago to purchase 2.25M $ai16z tokens at a cost of $1.29.
At present, the whale owns a total of 2.88M $ai16z token worth around $3.8M.
The new activity comes as the market for ai16z has become uncertain, attracting the attention of both individual and institutional investors.
This type of whale movement has been so significant it can mean strategic positioning, perhaps leaning on market or project confidence.
ai16z Trading Volume Drops While Open Interest Climbs
Looking at recent data from Coinglass we can see an action picture with some activity in $ai16z trading activity.
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The token’s trading volume reduced by 12.33% over the past three months, down to $1.47 billion, due to lower spot market activity. But $ai16z futures OI rose 3.13 percent to $195.15 million.
They show also renewed rises in futures market participation, as spot trading slows down. Since December 2024 Open Interest has moved steadily and big on January 6th, 2025.
An inflow into futures positions such as this could represent a steady grow in speculation regarding near term price moves in the future.
The fact that this steady flow of price into futures positions may in fact be driven by an increased rate of speculation over future potential price movements.
Market Sentiment Split Between Longs and Shorts
The 24hrs long/short ratio of ai16z is 0.9857 which shows us an in balance market favoring the short side a bit. The sentiment, however, differs from exchange to exchange.
Bulls seem stronger on Binance, as the long/short ratio of 1.6781 is better than OKX’s 1.99, as seen on the network.
Further bullishness comes from looking at top trader data on Binance where former data shows that the ratio of long vs short between accounts and positions is 1.7956 and 1.6397 respectively.
Liquidation data however shows January 15, 2025, liquidations of $1.99M with $1.6M coming from longs.
This is bearish because the implied balance in liquidations is large liquidation losses from liquidating over leveraged long traders due to wild price swings.
Eliza Labs Launches Vision for Web3-Native AI Agents
On January 14, ai16z developers Eliza Labs, released a white paper on its vision for Web3 based artificial intelligence agents.
The paper says Eliza, the toolkit employed by these agents, leverages AI systems to interact with blockchain data, execute smart contract actions and more.
The white paper says Eliza is a tool to ‘democratize access to advanced AI functionality’ and make it easier for would-be individual investors.
The goal is to use the framework to allow a larger scope of users to use the advanced AI tools by automating portfolio management and trade execution.
