Top AI-based cryptocurrency tokens tumbled after AI chip giant Nvidia Corp. (NASDAQ:NVDA) reported higher-than-expected earnings for the first quarter Wednesday.
What Happened: Render (CRYPTO: RNDR), the token with the “most significant” ties with the tech giant, was trading 3.79% lower at the time of writing, according to data from Benzinga Pro.
The token made gains ahead of the earnings announcement, rising to a two-month high of $11.81. However, profit-hungry traders locked in gains immediately after
RNDR’s trading volume nearly doubled in the last 24 hours, surpassing meme powerhouse Shiba Inu (CRYPTO: SHIB)
According to on-chain analytics firm Santiment, whale engagement with the AI token was rising. An investor with significant RNDR holdings sent nearly 4.9 million tokens to an unknown wallet earlier, potentially selling them off.
Top AI-based cryptocurrency tokens tumbled after AI chip giant Nvidia Corp. (NASDAQ:NVDA) reported higher-than-expected earnings for the first quarter Wednesday.
What Happened: Render (CRYPTO: RNDR), the token with the “most significant” ties with the tech giant, was trading 3.79% lower at the time of writing, according to data from Benzinga Pro.
The token made gains ahead of the earnings announcement, rising to a two-month high of $11.81. However, profit-hungry traders locked in gains immediately after
RNDR’s trading volume nearly doubled in the last 24 hours, surpassing meme powerhouse Shiba Inu (CRYPTO: SHIB)
According to on-chain analytics firm Santiment, whale engagement with the AI token was rising. An investor with significant RNDR holdings sent nearly 4.9 million tokens to an unknown wallet earlier, potentially selling them off.
Top AI-based cryptocurrency tokens tumbled after AI chip giant Nvidia Corp. (NASDAQ:NVDA) reported higher-than-expected earnings for the first quarter Wednesday.
What Happened: Render (CRYPTO: RNDR), the token with the “most significant” ties with the tech giant, was trading 3.79% lower at the time of writing, according to data from Benzinga Pro.
The token made gains ahead of the earnings announcement, rising to a two-month high of $11.81. However, profit-hungry traders locked in gains immediately after
RNDR’s trading volume nearly doubled in the last 24 hours, surpassing meme powerhouse Shiba Inu (CRYPTO: SHIB)
According to on-chain analytics firm Santiment, whale engagement with the AI token was rising. An investor with significant RNDR holdings sent nearly 4.9 million tokens to an unknown wallet earlier, potentially selling them off. Read More$RNDR, $SHIB, AI tokens, Cryptocurrency, Equities, News, NVDA, NVIDIA, Render token, RNDR, Markets, NVDA, US67066G1040, RNDR, $SHIB, $RNDR, News, Equities, Cryptocurrency, Markets, Benzinga Markets
