Ai16z, a decentralized autonomous organization (DAO) led by an Artificial Intelligence (AI) agent, surpassed a $1 billion market capitalization following the release of its launchpad proposal . Ai16z experienced a rapid price surge on Dec. 28, rising by 50% to a then-all-time high market cap of $1.5 billion from $1.01 billion, becoming the first Solana AI agent token to achieve this milestone. It corrected to $1.3 billion by Dec. 29 but is now enjoying another pump, rising to a new all-time high market cap of $1.7 billion, according to data from Coingecko . The price currently stands at $1.57, up 29% in the past 24 hours and over 600% in the past month. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io