© Reuters Crypto Whale Swaps 3.43M LDO for 7.28M AGIX and 2824 ETH- Loockonchain identified a whale transaction that replaced LDO with AGIX on Binance.
- The whale transferred 3.43 million LDO, equivalent to $8.2 million, to Binance.
- In contrast, the whale received 7.28M AJEX, worth $3.6M, and 2824 ETH, worth $4.66M.
Blockchain tracking firm Loockonchain has identified a whale transaction that replaced Lido tokens (LDO) for SingularityNET (AGIX) on the Binance platform. The company tweeted that the whale transferred 3.43 million LDO, equivalent to $8.2 million, to Binance.
In exchange for the transferred LDO, the whale received 7.28 million AGIX, equivalent to $3.6 million, and 2,824 ETH worth $4.66 million. Whale has reportedly added AGIX liquidity beyond that.
Today the whale swapped his USD LDO position to AGIX The whale transferred $3.43M ($8.2M) to #Binance, then got $7.28M from AGIX ($3.6M) and $2824 (ETH) ($4.66 Million USD) from #Binance. Pisces added $AGIX liquidity on #Uniswap. https://t.co/XhhYi2uhgO pic.twitter.com/jY4WGRAdHH
– Lookonchain (@lookonchain) March 16, 2023
AGIX is among the digital currencies that have generated a lot of interest recently in the crypto market and it ranks 22nd most popular cryptocurrency on Coinmarketcap. Funds flowing into the SingularityNET project has seen its parent token, AGIX, rise by more than 33% in the past week, based on data from CoinmarketCap.
According to analysts, AGIX is among the highest beneficiaries of the growing interest in artificial intelligence (AI) powered by OpenAI’s ChatGPT. SingularityNET’s native token, AGIX, allows users to vote on the SingularityNET network, which provides a marketplace where users can create, share, and monetize AI services. It also gives users the opportunity to donate their tokens in staking sessions, with the chance to earn interest.
The emergence of ChatGPT has generated momentum among AI-based crypto-tokens, most of which have followed a similar trend to that of AGIX. Users expect this momentum to continue, giving speculators more reasons to continue investing in tokens.
AGIX is trading at $0.4986 at the time of writing and has already gained 10.57% during the trading day. It resumed its upward movement after recovering from a setback in the previous day, which saw the price drop to $0.4123.
Lookonchain’s report didn’t provide many details. However, some crypto users think this might be a good time to buy AGIX, as suggested by one of the participants at Lookonchain.
Crypto Whale Swaps 3.43M LDO for 7.28M AGIX and 2824 ETH debuted in Coin Edition.
