ARKM up 27% as AI tokens surge

Arkham is among the top trending artificial intelligence-related token as the price of its native token ARKM surges more than 27% in 24 hours. Per CoinMarketCap data, ARKM reached highs of $1.47 across major exchanges, its highest level since July.

The Arkham (ARKM) price surge comes amid a fresh spark of volatility across crypto, with Bitcoin holding above $63,500 and Ethereum near $2,700.

Arkham surge leads AI tokens

Binance launchpool released project Arkham sees its ARKM spike to rank as the biggest gainer among AI’s leading coins by market cap.

However, there are significant gains for Bittensor (TAO), Near Protocol (NEAR), the Graph (GRT) and ionet (IO). These AI tokens currently post an impressive double digit upside of between 12% and 19%.

However, they lag ARKM whose value is up 27% in 24 hours and 45% this past week at the time of writing. Prices near $1.48 mean bulls could eye $1.75 and then June resistance levels around $2.70.

The native token of blockchain intelligence platform, which leverages AI to deanonymize blockchain and on-chain data, has also seen a 280% spike in daily volume to over $127 million.

Meanwhile, the market cap has surged to over $326 million, up 27% in 24 hours to push ARKM into 159th largest cryptocurrency by market cap.

According to data from Coinglass, open interest for Arkham (ARKM) is up more than 56% to over $39.9 million. Elsewhere, a sudden rise in prices has seen more bearish bets on the token liquidated in the past 24 hours at over $119,000.

Liquidated long positions were $9,900 over the same period at the time of writing.