Whale dumps SingularityNET (AGIX) tokens in millions for Binance

The cryptocurrency market is witnessing a considerable resurgence since the beginning of this year. Many cryptocurrencies made headlines as some of them hit all-time highs. SingularityNET (AGIX) is among the trending coins, but today the reason for being the talk of the town is different.

Lookonchain, an on-chain analytics platform, reported on Feb 24 that one of the early holders of AGIX transferred a substantial amount of tokens to Binance.

Millions of SingularityNET (AGIX) Moved

According to the analysis, the whale transferred 11.8 million $AGIX (worth $4.8 million) to the largest cryptocurrency exchange Binance.

In the next topic, lookonchain mentioned that the initial holder withdrew 4.4 million $AGI from EtherDelta from Jan 19 to March 18, 2018 and purchased around 12.4 million tokens from Binance over the course of 19 months (from Oct 23, 2018 to April 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 cryptocurrency exchanges supported the transition from AGI to AGIX!

And this particular holder claimed 17.26 million tokens only to have them reissued at 14 new addresses. Now, finally, the whale has made a move and claimed part of the $AGIX stake and transferred it to Binance today, which would likely sell.

Should AGIX token price rise above $0.50?

A 6.87% increase in SingularityNET (AGIX) price over the past 24 hours indicates that it is benefiting from widespread interest in AI-powered coins. With a one-month increase of 151.32%, SingularityNET (AGIX) is the best performing AI-based token yet.

On February 24, the price of the SingularityNET (AGIX) token 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 is down 69.03%. It is speculated that the current price of SingularityNET (AGIX) may rise to $0.50 in the near future.

Also Read: Top 5 Cryptocurrencies and AI Projects Ready to Skyrocket in 2023

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