The Graph (GRT) AI Tokens Unlocked In Big Volumes; What next? – Crypto News – Crypto News
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The Graph (GRT) AI Tokens Unlocked In Big Volumes; What next? – Crypto News

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3 years ago

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The Graph GRT coin: While ChatGPT and Google vie for the pole position in the AI ​​chatbot space, AI tokens are dominating the crypto market. Cryptocurrencies linked to the AI ​​domain, The Graph (GRT) and SingularityNET (AGIX) saw some correction in prices after a huge jump over the last week. Meanwhile, there seems to be heavy activity from The Graph’s early investors or the founding team in terms of unlocking assets. In the context of the huge shift in wealth to the AI ​​token category, the big moves lead to speculation for more upside.

Also Read: Dormant Bitcoin Wallet Wakes Up After 11yrs And Makes 200,000% Profit

The Graph (GRT) Coin Unlocked

At one stage earlier in the week, GRT token rose by around 200% thanks to the huge interest in AI based tokens. It was around this time that the early investors chose to unlock their holdings in huge volumes. Continuing their spree of GRT transfers at high prices, the project team unlocked 36.8 million $GRT worth $7.35 million and sent around half of it to Coinbase, Following this, around 2.4 million $GRT worth $443,000 were unlocked and sent to a staking service.

As of writing, the GRT price stands at $0.179, down 4.34% in the last 24 hours. Meanwhile, the rest of the crypto market did not react much to US Fed Chair Jerome Powell’s comments about the need to raise interest rates in coming months. The Bitcoin (BTC) price deviated in a bare minimum range in the hours after Powell’s speech at The Economic Club of Washington DC.

Also Read: SHIB Holders breaches 1.3 Mln; Emerges As ETH Whales Top Choice

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @BitcoinReddy and reach out to him at [email protected]

The content presented may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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