Assemble AI Surges 164% as U.S. Crypto Bills Pass

Assemble AI, a cryptocurrency powered by AI agents, experienced a significant surge of 164% in a single day. This dramatic increase was part of a broader market rally that followed the passage of three key cryptocurrency bills in the U.S. House. The legislation-induced rally propelled the overall crypto market to a historic $4 trillion market cap for the first time. However, shortly after the peak, there was notable profit-taking, as indicated by the daily red candle on the chart at the time of reporting.

The recent upswing in Assemble AI's value extended to approximately 275%, rising from $0.016 to $0.063 before a brief period of stabilization. The rally was accompanied by a record trading volume, with ASM ranking second in 24-hour trading volume on CoinMarketCap, experiencing a massive 4,800% surge. On-chain data revealed that the volume spiked to 58 million ASM, marking a seven-month high and surpassing the January volume peak, which had previously pushed ASM to a local high of $0.08. This surge in volume reflects renewed investor interest and could signal momentum for another potential breakout.

On the whale holders' front, wallets holding between 100 million and 1 billion ASM tokens accumulated over 100 million tokens in the past four days. Despite the significant upswing on the 17th of July, there was no sell pressure from these large holders. This cohort had been dumping tokens in the first half of 2025 but reversed to accumulation this week, indicating confidence and expectation of future rallies. However, another cohort of whale holders, with 10 million to 100 million tokens, was a primary source of selling pressure, offloading over 150 million ASM tokens during the rally.

Overall, the surge in Assemble AI was triggered by the passage of crypto bills and the massive trading 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. The recent developments suggest a complex dynamic within the Assemble AI market, with varying levels of confidence and strategic moves among different cohorts of investors.