Ai16z's Auto.fun Launchpad Set to Revolutionize AI Projects as Token Crashes 95%

Buckle Up: Ai16z's Auto.fun is Coming This Week!

Hang onto your hats, crypto fans! Ai16z is about to drop a game-changer with their open-source launchpad, Auto.fun, while their AI16Z token is trading a whopping 95% below its all-time high. Talk about a rollercoaster!

Auto.fun: The Anti-Pump Platform Taking on the Memecoin Craze

In their Q1 roadmap, Ai16z (AI16Z) revealed they're launching an AI-focused platform inspired by Solana's Pump.fun memecoin launchpad. But this ain't no memecoin madness! Auto.fun is open-source, letting creators build and deploy AI projects using the Eliza framework. And get this: creators get to keep the trading fees, not the platform. Cha-ching!

Shaw, the mastermind behind Ai16z, says Auto.fun is dropping as early as this week. You heard it here first, folks!

Auto.fun is stepping into the ring against Raydium's LaunchLab, which launched earlier this year to compete with Pump.fun. But while those platforms are all about the memecoins, Auto.fun is flipping the script. Shaw calls it an "anti-pump" platform, the polar opposite of the memecoin frenzy. It's the anti-pump, the ultra-fun, and Ai16z is building it this week!

AI16Z Price Plummets: Can Auto.fun Turn the Tide?

Meanwhile, AI16Z's price has taken a nosedive since the start of the year. From an all-time high of $2.48 on Jan. 2, it's crashed to just $0.1371, a staggering 95% drop. Ouch! The token's been stuck below the 20-day Exponential Moving Average since mid-January, and it's not looking pretty.

The Relative Strength Index is sitting at 42.50, barely clawing its way out of oversold territory but still showing weak bullish strength. Q1 has been rough, with no signs of a breakout on the horizon.

Over the past two weeks, AI16Z has been stuck in a rut, consolidating between $0.13 and $0.15. It's hovering just above the key support level at $0.10, where buyers stepped in with a volume surge about a week ago. While this might hint at some accumulation, the lack of strong upward momentum suggests the market's playing the waiting game, looking for a clear breakout or breakdown before making its next move.