Assemble AI crypto gains 164% in a day – Here’s what happened!

Key Points

1. Assemble AI (ASM) surged 164% at the time of writing, erasing part of its earlier 275% gains from July 17.

2. Top whale holders (with 100 million to 1 billion ASM tokens) accumulated over 100 million tokens in the past four days, signaling expectations of future rallies.

3. ASM's trading volume spiked to 58 million, marking a seven-month high and ranking second in 24-hour trading volume on CoinMarketCap.

4. The rally was triggered by the passage of crypto bills in the U.S. House, which lifted the crypto market to a $4 trillion market cap.

5. A decline in ASM's price could be a warning sign for late bulls, while wallets with below 100 million tokens cashed out part of their holdings.