On February 5, 2025, at 10:00 AM UTC, a significant movement was observed in the RAY token market as a whale deposited 3.07 million RAY tokens, valued at $18.58 million, into Binance and Gate exchanges (Source: Twitter @ai_9684xtpa). The whale's potential profit from selling these tokens stands at $5.82 million, based on the current market price. The funds originated from an address that withdrew 14.78 million RAY tokens from exchanges over the past seven months at an average price of $4.15, amounting to $61.46 million (Source: Twitter @ai_9684xtpa). Notably, the deposit address is linked to entities such as ai16z and ZEREBRO Top7, indicating a possible connection to AI-related projects (Source: Twitter @ai_9684xtpa). This movement could signal a strategic shift in the whale's portfolio, potentially influenced by developments in the AI sector.

The immediate impact of this whale's deposit on the RAY token price was a 2.5% drop within the first hour, from $6.05 to $5.90, as recorded at 11:00 AM UTC (Source: CoinMarketCap). Trading volumes on Binance surged by 35%, reaching 2.1 million RAY tokens traded in the same period, indicating heightened market interest (Source: Binance Trading Data). On Gate, the volume increased by 20%, with 1.5 million RAY tokens traded (Source: Gate Trading Data). The RAY/BTC trading pair saw a decrease of 1.8% in value, while the RAY/USDT pair dropped by 2.2% (Source: CoinGecko). This whale's activity has introduced volatility into the market, suggesting traders should closely monitor RAY's price action and volume changes for potential trading opportunities.

Technical analysis of RAY's chart reveals a bearish divergence on the 4-hour timeframe, with the RSI dropping from 65 to 55 as of 12:00 PM UTC (Source: TradingView). The MACD line has crossed below the signal line, further indicating bearish momentum (Source: TradingView). On-chain metrics show an increase in the number of large transactions, with the average transaction size rising by 40% in the past 24 hours (Source: Glassnode). The active address count also increased by 15%, suggesting more participants are engaging with the token (Source: Glassnode). These indicators, combined with the whale's deposit, suggest a potential short-term downward pressure on RAY's price, advising traders to consider short positions or wait for a potential rebound.

Regarding the AI-crypto market correlation, the involvement of ai16z and ZEREBRO Top7 in the whale's transaction suggests a possible influence of AI developments on RAY's market behavior. AI-related tokens such as AGIX and RNDR experienced a 1.5% and 2% increase in price, respectively, within the same timeframe (Source: CoinGecko). The correlation coefficient between RAY and these AI tokens over the past week is 0.7, indicating a moderate positive relationship (Source: CryptoQuant). This suggests that positive developments in the AI sector could bolster RAY's price, presenting a potential trading opportunity for those looking to capitalize on the AI-crypto crossover. Additionally, AI-driven trading volumes on platforms like 3Commas have increased by 10% for RAY tokens in the past 24 hours, reflecting growing interest from AI-based trading algorithms (Source: 3Commas Data). Traders should monitor these trends closely to identify entry and exit points based on AI market sentiment and trading volume changes.