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Web 3 Journalist
Tim Hakki
Web 3 Journalist
Tim Hakki
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AI Agent coins are selling off hard today as crypto’s wider $3.35 trillion market declines by 1.9% in the last 24 hours.
In spite of the notable dip, market leader Bitcoin ($BTC) has held the fort at its current level for the last 24 hours, although at $98,505 it’s still significantly short of its projected $160,000 target this year.
Typically, it’s crypto’s extremely volatile meme coin sector that takes the worst hit on days like today. However, the industry’s $77.8 billion market for funny tokens only dipped marginally worse than the rest of the market. Meme coins collectively dropped about 2.5% overnight.
However, Crypto’s Artificial Intelligence sector appears to have tanked hardest today. According to CoinMarketCap, the $27.9 billion sector saw a massive selloff that caused AI coin to fall 3.9% in the last 24 hours.
AI Agents fall hardest
The biggest losses among AI coins are a new category of intelligent digital assets: AI Agents. Crypto’s AI agents are programmes that can operate autonomously or semi-autonomously on the blockchain.
Previously among the ten biggest AI coins, ai16z ($AI16Z) has dropped 27% in 24 hours and 59% over the last week to trade at $0.28 as of this writing. Its name is a homage to crypto venture capital firm Andreessen Horowitz, known by its nickname A16Z.
ai16z is the tokenized representation of a Solana DAO led by an AI called Mark Andreessen, and it’s a crypto/AI challenge to conventional VC firms that suggests the work of these companies could be automated by bots making data-driven financial decisions.
The token has fallen sharply over the last three months, shedding 89% from an all-time high (ATH) of $2.47 set on January 2 this year. Its relative strength index (RSI) is overbought, which suggests some dip buying should stabilize the price.
Meanwhile, Virtuals Protocol ($VIRTUAL) has followed almost exactly the same trajectory, shedding 15% in 7 days and 38% in a week to change hands at $1.28, which is about 75% lower than its ATH of $5.07, also set on January 2 this year.
This sharp decline in established AI tokens has prompted traders to look elsewhere for high-upside opportunities, shifting focus toward emerging projects that blend AI with meme coin potential.
Traders exit established AI coins for new AI-integrated meme coin, MIND of Pepe ($MIND)
As capital leaves the established AI agents, it has been pouring into one incredible new meme coin/AI agent hybrid called MIND of Pepe ($MIND).
MIND of Pepe fuses the meme coin concept with a superintelligent crypto assistant, trading bot and social media bot that operates largely through accounts on X and Telegram.
As something of a crypto oracle, MIND of Pepe monitors trending hashtags and discussions, tracks crypto market shifts, scans political commentary for the next hot PolitiFi token and synthesises its findings into exclusive token-gated insights for its loyal community.
When the AI agent goes live, MIND of Pepe’s automated X and Telegram accounts will also even have the capacity to be creative. It can devise innovative strategies and even propose projects, protocols, and strategic collaborations.
Taking a leaf out of sci-fi, the technology continuously updates itself, ensuring its software and its holders remain ahead at the forefront of crypto trading.
MIND of Pepe also operates on Telegram, where it covers much the same ground as it does on X, but for crypto’s thriving Telegram community.
The presale raised over $500,000 within its first 24 hours, and in just three weeks, total $MIND investments have surged to $5.24 million.
Follow MIND of Pepe on Telegram and X.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
