Lookonchain, an on-chain analytics platform, has observed increased buying activity around the meme coin ai16z, with a crypto whale investing $10 million in USDC to purchase 13.16 million ai16z tokens two weeks ago. The market rally of over 30% on ai16z has resulted in a significant unrealized profit for the whale. The meme coin is currently trading at $1.22 with a 40.43% increase in the last 24 hours and a spike in trading volume. Experts caution retail investors to remain cautious, highlighting the need for research and consideration of market dynamics. Ai16z has overtaken popular meme coins like Shiba Inu and Dogecoin in market performance, and new entrants like NEIRO are now competing in the meme coin ecosystem.



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