AI token market adds $10B with 30% gain; leading tokens up over 200%.
TL;DR…
- Crypto market surges: Bitcoin >$104K, Ethereum rebounds, altcoins spike on tariff news.
- AI token market adds $10B with 30% gain; leading tokens up over 200%.
- Major AI launches: Newton DeFi copilot, Pixel AI TGE, GAIB GPU-backed stablecoin.
The cryptocurrency market is back with a vengeance. Bitcoin (BTC) is back trading above $104K, Ethereum (ETH) broke out of what looked like a death spiral to zero, and many altcoins have seen serious price growth with skyrocketing trading volume.
Bitcoin’s market dominance fell by 2.2% to reach 61.6% this week as altcoins gained relative strength following news that tariffs between the U.S. and China will be slashed for 90 days. In response, futures for major U.S. stock indices jumped today.
Here’s how the situation unfolded for the AI sector this week.
>> Click here to check out last week’s AI update.
AI Sector Recap
Source: Top AI Tokens Page
The AI sector continued its month-long uptrend this week, adding almost $10 billion to its market capitalization (mcap) after a 30% pump.
The vast majority of AI tokens are now in the green, with several top performers up over 100% in the last seven days, including:
- Goatseus Maximus (GOAT): +212.9%
- HashAI (HASHAI): +203.5%
- siren (SIREN): +114.9%
- KAITO (KAITO): +112.1%
- Hey Anon (ANON): +82.1%
AI tokens with meme aspects currently dominate the performance leaderboards, while most prominent AI agent tokens also experienced meteoric growth, including:
- GRIFFAIN (GRIFFAIN): +65.4%
- Solidus Ai Tech (AITECH): +54%
- Fartcoin (FARTCOIN): +26%
Unfortunately, ~10% of the top AI tokens didn't get the memo and are trading red this week. Some of the worst performers include:
- Bubblemaps (BMT): -27.1%
- Space and Time (SXT): -20.2%
- DeXe (DEXE): -8.2%
Source: Artemis
According to Artemis data, the AI sector ranks fifth out of 24 sectors when ordered by change in fully diluted valuation (FDV). The sector gained 35.6% this week, compared to 44.2% for meme coins and 64.9% for staking services.
Meanwhile, popular decentralized AI infrastructure providers are seeing significantly increased on-chain activity. Virtuals Protocol has seen its daily active wallets almost triple in the last month, while Ai16z saw large holders almost double in the same period.
AI News Roundup
A brief rundown of this week’s biggest stories:
Magic Labs Launches ‘Newton’ DeFi Copilot: PayPal-backed Magic Labs unveiled Newton, an autonomous, verifiable AI agent that uses trusted-execution environments and zero-knowledge proofs to run DeFi trades, yield strategies, and cross-chain actions without exposing user wallets.
Pixel AI Launches Today: Pixel AI, a Solana-based canvas game where $PIXAI holders battle for pixels and earn passive income, will conduct its Token Generation Event (TGE) today after completing its public sale on Coin Terminal; trading begins on MEXC.
GAIB Opens GPU-Backed AID Alpha: GAIB released AID Alpha—a pre-launch synthetic dollar backed by income-generating GPU deals—letting users deposit stablecoins to earn on-chain AI-infrastructure yield, rewards points, and NFTs ahead of the mainnet launch.
Aethir Showcases DePIN GPU Cloud at TOKEN2049: During TOKEN2049 Dubai (May 6), decentralized GPU-cloud provider Aethir hosted panels on DePIN and AI, highlighting its infrastructure for AI workloads and new collaborations with Solana, EigenLayer, and other Web3 projects. (source)
>> Check in next week for more AI news, developments, and updates!
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