Exclusive AI tokens are rapidly getting significant attention in the crypto sector. As per Spot On Chain, a well-known on-chain analytics firm, the respective lower-cap tokens, parallel to the already operating AI-focused assets have become substantially popular. Most importantly, first-time buyers and “Smart Money” wallets are expressing increasing interest in newly-emerging AI projects. The analytics platform discussed this scenario on its official social media account.
Parallel AI Leads the Emerging AI Tokens with Enormous Inflows
These AI-focused tokens are attracting investors as they are moving toward early-stage artificial intelligence projects. Spot On Chain disclosed that $PAI, a coin that deals with the AI project “Parallel AI,” has emerged as a top player. It has reportedly witnessed a remarkable influx of up to $720,000 from new buyers just within the past week.
The analytics point out particular wallet activities, indicating a rising investor interest. Interestingly, an exclusively established wallet with the address “0xa42440” accumulated a great amount of $PAI tokens. The wallet address has obtained nearly $200,000 $PAI coins. This figure accounts for $83,000 in investment. In the meantime, another wallet going by “0xb639f72” got an early stake by buying 800,000 $PAI coins with a value of $353,000. The wallet subsequently disseminated the respective coins across several wallets. This denotes a strategic distribution, potentially to leverage the holdings or minimize the risk.
The Project Gets Traction Amid a Rising Retail and Institutional Interest in New Projects
According to Spot On Chain, the fresh inflows of Parallel AI mirror the growing interest in AI-based coins. A possible reason behind this includes the inclination of more and more blockchain projects to implement AI technology. Investors consider the likely returns and the AI’s transformative potential in sectors such as supply chain, healthcare, and finance. The AI-focused crypto assets are broadening blockchain applications. Keeping that in view, the latest projects are alluring to both the retail and institutional investors pursuing to leverage the early opportunities.
