The past 24 hours have seen a decline in the crypto market, primarily influenced by the launch of the Melania Trump token and the subsequent drop in value of the TRUMP meme coin. This has resulted in widespread sell-offs and a decrease in the market cap of AI agent tokens by over 11%. Top AI tokens such as VIRTUALS, AIXBT, and AI16Z have been affected, with VIRTUAL experiencing a 15% slump. Despite these challenges, AI agents are expected to recover soon, driven by the development of Decentralized Finance AI and abstraction layers. OpenAI is also expected to announce a breakthrough in generative AI, introducing highly capable super-agents. Analysts predict that once the meme hype fades, liquidity will likely shift back into AI agents.
Ethereum Co-Founder Joseph Lubin Predicts Web3 Boom ‘Orders of Magnitude’ Bigger Than Dot-Com Bubble
Mark Cuban rails against memecoins like Official Trump: You get 'a seat in a game of musical chairs'