Agentic AI platform ai16z's native token, AI16Z, saw a significant rally after announcing plans to launch its own Layer-1 blockchain. The token rose 38% to an all-time high of $1.77 and its market cap surpassed $1.9 billion. The rally was driven by increased trading activity and the token's weekly and monthly gains were 156% and 383% respectively. The project also plans to introduce a token launchpad and become the top AI repository on GitHub, further boosting investor sentiment. Whale accumulation and increased interest in futures trading for the token have also contributed to its rally. Market experts believe ai16z has the potential to surpass other AI heavyweights like Virtuals Protocol in market cap.



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