Ai16z, a popular Solana meme coin, experienced a significant crash but has since rebounded. On-chain data suggests that whales have bought the recent dip, leading to a price increase. However, smart money investors have been offloading their ai16z tokens, which could indicate a potential price decline. Profit-taking by some profitable traders has also been observed. The current rebound in price may be a dead cat bounce, and if it is, the next level to monitor is the recent low of $1.2663.
- Content Editor ( crypto.news )
- 2025-01-10
Solana meme coin ai16z price rebounds: is this a dead cat bounce?