ARKM and WLD prices rally in double digits, Sam Altman’s AI coins on the move
- ARKM and WLD prices rallied nearly 19% and 24% respectively on Monday.
- Sam Altman of OpenAI is associated with both tokens, the release of Sora likely catalyzed the gains in AI tokens.
- Arkham recently uncovered nearly 98% of MicroStrategy’s Bitcoin holdings, 186,000 BTC.
Sam Altman-backed Arkham Intelligence’s ARKM token yielded double-digit gains for holders, alongside OpenAI’s project, WorldCoin’s WLD.
The two Altman coins are rallying as the narrative of Artificial Intelligence (AI) tokens gathers steam.
Also read: XRP price sustains above $0.56 as whale profit taking slows
ARKM and WLD prices yield massive daily gains for holders
OpenAI’s unveiling of its text to video generation tool has fueled the AI token narrative in crypto. Sora’s videos have flooded social media platforms like X and catalyzed the hype of crypto AI assets.
OpenAI CEO Altman is related to the WLD and ARKM projects. While WorldCoin’s parent organization is headed by Altman, and Arkham Intelligence is backed by Sam, making the two assets, “Altman coins”, so to say.
ARKM recently uncovered nearly all on-chain Bitcoin holdings of one of the largest public BTC-holding firms, MicroStrategy. This development likely fueled ARKM gains.
MICROSTRATEGY IS NOW ON ARKHAM
— Arkham (@ArkhamIntel) February 16, 2024
We believe we have identified 98% of Microstrategy’s on-chain holdings, totaling 186K BTC. Arkham is the first to publicly identify these addresses.
107K appears to be held with Fidelity pooled with other clients’ BTC, hence is included in our… pic.twitter.com/kapesz2b5C
ARKM and WLD prices rally in double digits
ARKM price climbed nearly 19% overnight and hit $1.2376 on Monday, February 19. ARKM price is likely to continue rallying towards the $2 target as two technical indicators, the Awesome Oscillator (AO) and the Moving Average Convergence/ Divergence (MACD) supports the uptrend and signals positive momentum in the AI token.
ARKM/USDT 1-day chart
WLD price climbed 24% on the daily timeframe and the AI token could hit its $8 target in the current uptrend. WLD price is $7.330 at the time of writing.
WLD/USDT 1-day chart
Author
Ekta Mourya
FXStreet
Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.
