Cryptocurrency AI token breaks the daily value record

Note: not investment advice!

The ai16z virtual token grew by more than 50% after a senior executive of the a16z venture capital company, after which it was named, mentioned it. It is known that ai16z is focused on artificial intelligence.

It is reported that the little-known cryptocurrency showed high volatility, subsequently dropping by 40%.

Thus, a significant change in its value was observed on the hourly chart of this token.

This happened after the project’s X-channel published a correspondence in which the CTO of a16z Crypto, Eddie Lazzarin, responded to a request from one of the founders of ai16z with a proposal to contact him.

As you know, ai16z positions itself as a decentralized autonomous organization (DAO) run by an AI agent named Eliza.

This agent is capable of reading links, PDFs, audio and video files, memorizing conversations, and summarizing them for easy viewing.

The No Worries editorial team strongly advises readers not to invest their own funds in dubious crypto projects and little-known digital assets!

At the time of writing, the ai16z rate has reached $ 0.2954, the market capitalization is $ 324.99 million, and daily sales have stopped at $ 165.80 million.

On October 25, a cryptocurrency trader made a rather unusual transaction and spent 20 Solana (SOL) worth $ 3,500 to purchase more than 47 million ai16z meme coins, and two days later, on October 27, this investment was worth $ 3.2 million.