TOP HAT - AI AGENT ANNOUNCEMENT OF SUSPENSION OF OPERATIONS
@TopHat_One, an AI agent platform on the Solana blockchain, was launched through a fair launch on Pumpfun without any investors or paid marketing campaigns.
- There were over 15,000 users participating, this project was built by the community but had to shut down on June 19, 2025, due to unsustainable infrastructure costs.
- The project was once highly fomo in Solana, and at one point, the $HAT token reached a market cap of ~100M$, now it is only 855K$, a decrease of more than 110 times from its peak.
- Despite the announcement to cease operations, Top Hat will continue to maintain the model and API until July 17, 2025, to assist users in transitioning.
- The community on X reacted strongly, with many accusing the Top Hat team of dumping many tokens onto the community.
- A type of trend project that blooms early and withers away, don't you think?
