Digital Currency X Technology Inc. (NASDAQ:DCX) jumped 31.48% to $1.42 in after-hours trading on Wednesday following the announcement of a non-binding memorandum of understanding with Singapore-based global enterprise AI company Whales AI Limited.
$20 Million Bet on AI Education Platform
According to Digital Currency X, the MOU contemplates an aggregate investment of $20 million by DCX to support continued development of Whales AI’s platform, including training and optimization of its underlying AI large language model and its localization for the education market in the U.S. and Canada. In exchange, Whales AI intends to grant DCX the exclusive right to market, sell and commercially operate the platform throughout the territory.
Under the deal, DCX would lead sales, marketing and business development for the platform in the Territory, while Whales AI would remain responsible for platform development, large-model training and technical maintenance.
DCX and Whales AI would share resulting platform revenue on a 60/40 basis respectively.
CEO Melissa Chen said the deal reflects DCX’s “continued shift toward digital currency and AI-driven business lines.”
The agreement remains non-binding, subject to due diligence and board approval, with no revenue expected this fiscal year.
Precedence Research estimates that the global AI in education market will be valued at $9.58 billion in 2026 and is expected to grow to $136.79 billion by 2035.
Trading Metrics, Technical Analysis
Digital Currency X has a market capitalization of $380.55 million, a 52-week high of $9.99 and a 52-week low of $0.63.
The Relative Strength Index (RSI) of LVWR stands at 48.03.
The stock’s price has fallen by 99.97% over the past 12 months.
Currently, DCX is trading close to its annual low.
The digital asset management and treasury company’s steep stock decline and weak market position suggest that it continues to experience significant pressure.
Price Action: The small-cap stock closed the regular session at $1.08, up 19.73%, according to Benzinga Pro.
Benzinga’s Edge Stock Rankings indicate that DCX has a negative price trend across all time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Zakharchuk / Shutterstock
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