Price Analysis View Non-AMP

The AI Sector Might Soon Gain Traction as Whale Activity Surges! Will AI-Craze be Re-established?

Published by
Sahana Vibhute

Different sectors of the cryptocurrency market have demonstrated strength at various points in time. Beginning with the AI boom in Q4 2023, which propelled the entire crypto market beyond the prolonged consolidation phase. The rally that began then has remained under the bullish influence, with memecoins following suit alongside Bitcoin and Ethereum. 

Although AI-based tokens maintained a significant upswing, the craze that was seen then was missing. However, when the whales’s interest soars on any token, then the other market participants tend to follow and a similar action is expected to occur soon. 

Whale accumulation and transfers have had a major impact on the entire market, as market participants have become either optimistic or pessimistic. While the BTC & ETH price surges have taken centre stage, the whales are slowly increasing their activity in the AI sector. The data from santiment indicates that they are more interested in Render at the moment. 

The above chart shows a significant growth in the transaction volume of Render in the past few days. This has also impacted the RNDR price positively, which soared from levels below $4 to as high as $13.8. After reaching the highs, the transaction volume doubled, suggesting acute activity by bulls and bears, which has kept the price more or less at equilibrium. A whale sent 4.89 million worth of over $52 million as soon as the price corrected, suggesting they appear to be bullish on the upcoming rally. 

One of the major reasons behind the rise of the AI sector is said to be Nvidia’s earnings, whose reported revenue of $26 billion soared by over 5.3%, which is above expectations. This indicates the growing interest in the AI sector, which may further kick-start a fresh upswing soon. Therefore, along with the Render (RNDR) price, other tokens may also gain huge momentum and initiate a fresh upswing soon. 

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Top Layer 2 Tokens Set to Rise Once Ethereum (ETH) Price Reaches $3000

Layer 2 tokens often derive their value from the Ethereum ecosystem, as they rely on…

June 7, 2025

Gemini Takes Step Toward IPO in Confidential Filing: Crypto IPOs Heat Up

Gemini Space Station, Inc., a well established cryptocurrency exchange by the Winklevoss brothers, has filed…

June 7, 2025

What is the Best Cryptocurrency to Invest in Now? Deep Dive into the Top Crypto to Buy Today for 2025 Bull Run

As the crypto market gains momentum heading into mid-2025, investors are wondering what is the…

June 6, 2025

Exabits’ RWA Approach To Tokenized GPU Power Democratises AI Cloud Computing Ownership

The Titans of AI are forging the future. With billions poured into the industry, where…

June 6, 2025

Apertum Designated a Key General Blockchain in Avalanche’s Tier-1 Ecosystem

Apertum has been officially designated as a key general blockchain within the Avalanche ecosystem —…

June 6, 2025

Cardano Price Prediction: Is a Breakout Rally Coming in June?

The Cardano price fell nearly 10% last night due to the liquidation of numerous long…

June 6, 2025