The AI agent token ai16z (AI16Z) announced today that it will change its name to ElizaOS to distance itself from the venture capital firm Andreessen Horowitz – also known as a16z.
Ai16z’s founder, Shaw Walters, informed the community about this upcoming change through his X account. He emphasized that the initial name was a “playful reference” used to raise money to kick off the project.
To our community and partners,
We are turning toward the next chapter of the project. As we continue to expand across multiple countries, develop our core technology, and foster an incredible community of builders, we are implementing a comprehensive rebranding initiative to… https://t.co/tcoXrPeH0v
— Shaw (wartime arc) (@shawmakesmagic) January 28, 2025
However, the success of the Eliza platform, which allows users to create and monetize AI agents, has opened up the door to collaborations with “established players” in the crypto industry. He clarified that the ticker symbol AI16Z will not change for now.
Just a week ago, President Donald Trump announced the creation of a $500 billion fund to advance AI technology in the United States. AI16Z is a decentralized investment platform that executes market trades following a sophisticated algorithm.
Token holders are entitled to receive a portion of the fund’s profits, and they can also participate in governance decisions that affect the project’s future by voting on community proposals.
AI16Z Trades 73% Below its All-Time High Despite Today’s Uptick
In the past 24 hours, the price of AI16Z has surged by 16% to $0.68 per token. Meanwhile, trading volumes have also increased by 16% during that same period.
Despite this impressive single-day run, AI16Z is still trading 72.7% below its all-time high of $2.48 on January 2.
Other AI coins have also experienced significant declines in the past few weeks. This group includes the Virtuals Protocol, whose native token has experienced a 47.2% drop this year, and AIXB by Virtuals, whose value has also dropped by 12.9% during this same period.
The price action today has pushed the price of AI16Z above a critical area of support at $0.60, which has now turned into resistance.
Now, the price of the asset has retested another key threshold at $0.725. Despite today’s sharp uptick, the Relative Strength Index (RSI) has not yet entered overbought territory.
A rejection of this resistance level could result in a pullback. However, momentum is still favoring bulls in the 1-hour chart.
AI16z was one of the hottest cryptos earlier this year but interest seems to have been fading. However, just 15 days after its launch, the MIND of Pepe ICO is already becoming one of the best crypto presales of the year.
Why MIND of Pepe ($MIND) Could Be One of the Best ICOs of 2025?
MIND of Pepe ($MIND) is an AI agent that leverages the power of artificial intelligence to create an authoritative presence across multiple social media channels. He can interact with users, analyze these interactions, and engage in debates about investment opportunities in the meme coin space.
With this information, Mind of Pepe can create appealing digital assets that capture the public’s interest.
Token holders are entitled to receive exclusive insights on the information that MIND of Pepe has collected throughout his journey. In addition, they will be invited to participate in the presale events of these new assets that the AI agent plans to launch.
The presale event has only been up for 15 days and it has already raised $4.3 million. At its discounted price of $0.0032144, the upside potential for early buyers is significant. However, this price will be raised within the next 5 hours to compensate the most loyal supporters.
This project has already been audited by Coinsult and SolidProof to ensure that its coding is error-free.
To buy $MIND, simply head to the official website of Mind of Pepe and connect your wallet. You can convert USDT, ETH, or BNB tokens or use a bank card to complete the transaction.
