Smart Money Moves: AI-Related Altcoins Attracting Big Investors
Deep-pocketed investors are acquiring significant amounts of two altcoins related to artificial intelligence (AI), as indicated by on-chain data. Blockchain monitoring service Lookonchain observed notable activity involving Binance wallets linked to a crypto investment firm, indicating substantial transactions of Fetch.ai (FET) and Render (RNDR).
Massive Transactions of Fetch.ai (FET)
- A Binance wallet associated with crypto investment firm DWF Labs received significant amounts of FET, a decentralized machine learning project.
- Transactions included transfers of 1 million FET ($2.25 million) and receipts of 5 million FET ($11.95 million) from Fetch.ai Foundation.
- Currently, Fetch.ai is trading at $2.20, experiencing an 11% decline in the past 24 hours.
Accumulation of Render (RNDR) by Whales
- Lookonchain also identified multiple whales accumulating substantial amounts of RNDR, a project associated with Graphics Processing Units (GPUs).
- Detailed transactions include withdrawals and deposits, with significant profits realized by some investors.
- Render is currently trading at $10, showing a decrease of over 6% in the last 24 hours.
Stay Informed – Specialize AI Altcoin Transactions
Keeping abreast of AI-related altcoin transactions, particularly FET and RNDR, can provide valuable insights into market trends and potential opportunities for investors.
Hot Take: AI Altcoin Investments Reveal Strategic Moves by Big Players
Understanding the significant investments in AI-related altcoins by wealthy investors offers a glimpse into emerging trends in the cryptocurrency market. Stay informed to capitalize on potential opportunities in this dynamic sector.
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