tl;dr
In the past 24 hours, the crypto market saw a significant impact from TRUMP and MELANIA meme coins, leading to market FUD and widespread sell-offs. The launch of Melania Trump token and the drop in TRUMP coin's value affected AI agent tokens' market cap, which dropped by over 11% to $12.6 billion. T...
In the past 24 hours, the crypto market experienced significant impact from TRUMP and MELANIA meme coins, sparking market FUD and widespread sell-offs. The launch of the Melania Trump token and the subsequent drop in TRUMP coin's value affected AI agent tokens' market cap, which plummeted by over 11% to $12.6 billion. This shift also led to a 4% decline in the overall crypto market cap. Notably, AI coin VIRTUAL slumped by 15%. Despite these challenges, analysts expect the market liquidity to shift back into AI agents once the meme hype fades. Additionally, there are expectations of breakthroughs in generative AI and the development of Decentralized Finance AI and abstraction layers. Leading projects in the AI agent market include AIXBT, Virtuals, ARC, Griffain, Rektguy, and Orbit. OpenAI CEO Sam Altman is scheduled to brief US officials, hinting at a breakthrough in generative AI. The current market liquidity drain caused by TRUMP and MELANIA is expected to be temporary.
According to CoinGecko, the market cap of AI agent tokens fell by over 11% to $12.6 billion after the listing of Trump family tokens, leading to a significant impact on AI tokens such as VIRTUALS, AIXBT, and AI16Z. Moreover, the shift in market trends caused a 4% decline in the overall crypto market cap, with leading AI coin VIRTUAL experiencing a 15% slump. Despite this, AI agents are expected to recover soon. The development of Decentralized Finance AI and abstraction layers continues to drive the AI agent market, with significant investments from VC funds. Moreover, top AI agent tokens like AIXBT and Virtuals maintain their strength in analytics and infrastructure, while projects such as ARC, Griffain, Rektguy, and Orbit are gaining momentum. OpenAI CEO Sam Altman is scheduled to brief US officials, hinting at a potential breakthrough in generative AI, which could introduce advanced super-agents capable of performing complex human tasks. Once the meme hype fades, analysts expect the market liquidity to likely shift back into AI agents.