Arkham has emerged as one of the leading AI-related tokens, witnessing a price increase of over 27% within 24 hours. According to data from CoinMarketCap, ARKM reached a peak of $1.47 on major exchanges, marking its highest point since July.
The increase in Arkham (ARKM) comes amid renewed volatility in the cryptocurrency market, with Bitcoin maintaining above $63,500 and Ethereum hovering around $2,700.
Arkham leads AI token surge
Following the launch of Arkham on Binance Launchpool, ARKM has skyrocketed to become the top performer among AI tokens based on market capitalization.
Additionally, there have been notable gains for Bittensor (TAO), Near Protocol (NEAR), The Graph (GRT), and ionet (IO), all registering impressive gains ranging from 12% to 19%.
Nonetheless, none have matched ARKM, whose value has surged by 27% within the past 24 hours and 45% over the past week as of this writing. With prices approaching $1.48, bullish investors may set their sights on achieving $1.75 and possibly reaching resistance levels around $2.70 in June.
As the native token of a blockchain intelligence platform that utilizes AI to analyze blockchain and on-chain data, Arkham has also experienced a 280% increase in daily trading volume, exceeding $127 million.
Furthermore, the market capitalization has risen to over $326 million, representing a 27% increase in 24 hours, positioning ARKM as the 159th largest cryptocurrency by market cap.
According to Coinglass data, open interest in Arkham (ARKM) has risen by more than 56%, exceeding $39.9 million. Additionally, the sudden price uptick has led to the liquidation of more bearish positions on the token, totaling over $119,000 in the past day.
In the same timeframe, liquidated long positions amounted to $9,900 as of this writing.
