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AIXBT’s social volume jumps 150% in a day: What’s behind this?

The recent 1.96 million USD acquisition of AIXBT tokens by a notable whale has ignited a surge in social volume by 150% in just one day. This transaction pushed AIXBT’s price to an intraday high of 0.7456 USD, reflecting increased market enthusiasm and potential for further price gain.

Despite the positive price increase, AIXBT’s MVRV remains below extreme levels, indicating potential for continued upward movement, as long as buying momentum persists. However, heightened social engagement and overbought conditions signal the possibility of a price correction if short-term traders begin to take profits.

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