$BEAT Sees Significant Price Surge on AI Narrative and Whale Activity

The cryptocurrency market has witnessed an influx of attention towards AI-themed tokens in recent times, with $BEAT being one of the beneficiaries. The token's price has increased by 13% over the past day, following a previous surge of 22% the day before.

This double-digit rally over two consecutive days is largely driven by capital rotation into AI-themed tokens and whale activity. According to data from Arkham, whales have been actively accumulating $BEAT, with 11.423 million tokens worth $6.58 million being withdrawn from the Gate exchange to new addresses.

The distribution of these funds has left each of these wallets holding a small percentage of the total supply, making the top 100 holders less concentrated. However, this also raises concerns about potential control issues unless the team distributes the supply fairly among the community.