Whale Transactions Impact AGIX and GPT Prices

Significant Whale Activity

A notable whale transaction has led to substantial price changes in the cryptocurrency market, affecting both SingularityNET (AGIX) and CryptoGPT (GPT). The whale sold approximately 17.8 million AGIX tokens for 7.86 million USDT at an average price of $0.44. This large-scale transaction resulted in a decrease in the AGIX price by over 4%.

AGIX Price and Market Impact

Following the sale, AGIX experienced a challenging 24-hour period, with its price dropping by 4.11% to $0.4241. Over the week, AGIX has seen a decline of more than 15%. The trading volume for AGIX also decreased by more than 14%, now standing at $101,947,203. These fluctuations underscore the significant impact large transactions can have on cryptocurrency prices.

GPT Price Surge

In contrast, the same whale's subsequent purchase of 20.34 million GPT with 1.87 million USDT at an average price of $0.09 had a positive effect. GPT's price increased by 6.20%, now trading at $0.08771. Additionally, GPT strengthened against major cryptocurrencies like Bitcoin and Ethereum, appreciating by approximately 5.08% and 6.30%, respectively. GPT's trading volume surged over 16%, reaching $20,929,929.

Market Observations

These events highlight the volatility and sensitivity of cryptocurrency markets to large-scale transactions. Investors and market participants should remain vigilant and conduct thorough research. While whales can significantly sway market dynamics, individual due diligence remains crucial to navigating the crypto landscape effectively.