#AICrashOrComeback
AI TOKENS HAVE DROPPED BY UP TO 90% SINCE THE PEAKS OF 2024
Tokens linked to artificial intelligence agents have fallen by up to 90% since the peaks of 2024, according to data from CoinGecko.
The main AI agency platforms including AI Rig Complex (ARC), ElizaOS (AI16Z), and Virtuals (VIRTUAL) have lost between approximately 75% and 90% of their market capitalization since January, according to CoinGecko data.
AI agency tokens, which recorded massive gains in the fourth quarter of 2024, are among the biggest losers in the cryptocurrency market downturn that began in January.
The total market capitalization of cryptocurrencies has fallen nearly 16% since the January highs, according to CoinGecko.
“Looking at the charts of ai16z, $arc, and even Fartcoin, it is clear that the trend has been downward, and many believe that these tokens may never recover to previous levels,” said Elon Money, a trader and cryptocurrency researcher, in a post on February 6 on the X platform.
Fartcoin, a memecoin related to AI and one of the most followed tokens in 2024, dropped around 65% in the last 30 days, with a market capitalization of approximately 430 million dollars as of February 6, according to CoinGecko.
Overall, AI agent tokens have collectively fallen by 40% or more, down to approximately 6 billion dollars from peaks of over 10 billion dollars, according to CoinGecko.
On January 18, Trump launched his official memecoin TRUMP (TRUMP), which soared to about 80 billion dollars in market capitalization on the first day of its launch.
Cryptocurrency traders say that TRUMP absorbed liquidity and attention from other new tokens, including memecoins and AI agency tokens.
“The reason for the strong sell-off of AI tokens is clearly narrative in nature, meaning that liquidity is leaving,” said Crypto Stream, a cryptocurrency researcher, in a post on X on January 31.
