The global cryptocurrency market experienced a significant downturn today, specifically impacting AI-related tokens. The total market capitalization of AI tokens dropped by over 10%, declining from $41 billion to $37 billion overnight. At the time of writing, the trading volume for AI tokens stood at nearly $3 billion.

A Look at the Affected Tokens

Many AI tokens have been experiencing losses in the past day, with prominent tokens such as GRIFFAIN, BUZZ, GRIFT, and FARTCOIN witnessing declines ranging from 20% to over 30%. FARTCOIN, in particular, plummeted by approximately 30% in the past 24 hours and over 53% in the past week. The token is currently trading at $0.96.

DefAI Tokens Also Affected

DefAI tokens have also suffered significant losses. According to available data, the DefAI sector as a whole has declined by over 27%. GRIFFAIN, an AI-agent platform token, has fallen by more than 27.5% in the past 24 hours, yet still maintains the largest market capitalization among DefAI tokens, with $301.46 million.

BUZZ, an AI-agent token from Hive AI, has also experienced a slump, declining by 22.3% in the past 24 hours and 20.4% in the past week. NEUR suffered a similar loss, plummeting by 25.75% in the past 24 hours. GRIFT, however, became the DefAI token with the biggest loss, dropping by over 33% in the past 24 hours and 35% in the past week.

What’s Next for AI Tokens?

Despite the recent downturn, many crypto firms are experimenting with combining AI technology with blockchain, including Lightchain AI, XRP’s partnership with Atua’s developer, and Holdstation’s AI agent platform A(i)gentFi.

Crypto market trends can be unpredictable, and it’s essential to stay informed. For more news and updates on the cryptocurrency market, visit Global Crypto News.

Remember, the cryptocurrency market is highly volatile, and it’s crucial to do your own research before making any investment decisions.

Key Takeaways:

  • Ai-related tokens experienced a significant downturn, with a 10% decline in total market capitalization.
  • FARTCOIN plummeted by over 30% in the past 24 hours and over 53% in the past week.
  • DefAI tokens, including GRIFFAIN, BUZZ, and GRIFT, also suffered significant losses.
  • Crypto firms are experimenting with combining AI technology with blockchain.
Post Views: 0