Key Takeaways
Assemble AI crypto has erased part of its 275% gains printed on the 17th of July. But top whale holders with about 1 billion ASM tokens showed no sign of sell-off.
Assemble AI [ASM], a crypto news aggregation powered by AI agents, surged 164% at the time of writing.
The pump was part of the broader market rally following the passage of three key crypto bills in the U.S. House.
Source: ASM/USD, TradingView
The legislation-induced rally lifted the crypto market to $4 trillion market cap for the first time in history.
However, there was significant profit-taking on ASM a few hours later, as shown by the daily red candle on the chart as of press time.
Meanwhile, the recent trading volume and whale demand painted a different picture.
Assemble AI crypto volume explodes
The recent upswing extended to about 275% from $0.016 to $0.063, before a brief cool-off. A closer look at the market data showed that the rally was accompanied by a record trading volume.
ASM ranked second in 24-hour trading volume on CoinMarketCap, with a massive 4,800% surge.
On-chain data shows volume spiked to 58 million ASM, marking a seven-month high.
This even surpassed the January volume peak, which had previously pushed ASM to a local high of $0.08.
The surge reflects renewed investor interest and could signal momentum for another breakout.
Source: Santiment
If more traders jump on the token, and it maintains the high trading volume, it could attempt to eye the January peak of $0.08. But a decline in the same would be a warning sign for late bulls.
On the whale holders’ front, wallets with 100 million to 1 billion ASM tokens have accumulated over 100 million tokens in the past four days.
There was no sell pressure from them despite the massive upswing on the 17th of July.
Source: Santiment
This was significant because this cohort has been dumping in H1 2025 but reversed to accumulation this week. In most cases, such a move would signal confidence and expectation of future rallies.
That said, another whale cohort, with 10 million to 100 million tokens (yellow), was a primary source of the selling pressure. It offloaded over 150 million ASM tokens on the rally.
Overall, the Assemble AI surge was triggered by the passage of crypto bills and massive volumes.
While large whale holders with 1 billion tokens showed no signs of sell-off, those with below 100 million tokens cashed out part of their holdings.
