SingularityNET [AGIX] experiences this move with $50M token transaction

SingularityNET [AGIX] experiences this move with $50M token transaction

March 24, 2023

By Suzuki Shillsalot

Read SingularityNET (AGIX) Price Prediction 2023-24

SingularityNET (AGIX) saw a 100 million token transaction, the largest on the network in 14 months.

The AGIX token has been experiencing a steady rise in price, with an increase of nearly 6% over the past three days.

SingularityNET (AGIX) recently experienced a significant movement that had been absent for more than a year. Given the recent surge in the price, could a move like this have an even more significant influence on the asset?

SingularityNET with multiple transactions

Data from Santiment indicated that on 22 March, 100 million SingularityNET (AGIX) token transactions were processed. One of the most prominent known exchange addresses sent almost a fourth of all AGIX to another address in the transaction.

The transaction was the largest on the network in 14 months, valued at nearly $50 million.

SingularityNET is an open-source platform that aims to launch a worldwide marketplace for AI services. The blockchain technology that the platform is based on makes it possible for AI agents and users to trade information and services in an open and trustable manner. The AGIX token, the system’s native currency, can be used for various purposes.