AI tokens shed $1 billion; top assets outperform smaller ones.
TL;DR…
- Bitcoin reclaimed $107K; U.S. stocks show strong recovery.
- AI tokens shed $1 billion; top assets outperform smaller ones.
- “AI token(s)” Google searches surge despite uneven price action.
Despite last week’s volatility resulting from the feud between Trump and Musk, Bitcoin (BTC) has confidently reclaimed the $107K price point, and popular U.S. stock indices are showing strong signs of recovery.
With that said, let’s see how this recent turn of events affected the burgeoning AI sector 👇
AI Market Recap
With Bitcoin (BTC) and the broader cryptocurrency market making a comeback, the AI sector is showing signs of recovery, but growth is concentrated among just a handful of big winners.
Source: Top AI Tokens Page
Though the sector shed $1 billion from its market capitalization (mcap) this week, top AI assets are generally in the green, while losses are largely concentrated among smaller assets.
Some of this week’s standout projects include:
- Solidus Ai Tech (AITECH): +21.7% (following new exchange listing tease)
- Internet Computer (ICP): +19.6% (owed to hype surrounding the CaffeineAI launch)
- Venice Token (VVV): +19.2%
- Grass (GRASS): +15%
- Injective (INJ): +12.4%
Meanwhile, this week’s worst performers include:
- DeXe (DEXE): -39.2%
- SKYAI (SKYAI): -13.8%
- Humans.ai (HEART): -13.2%
- KAITO (KAITO): -12.9%
- MyShell (SHELL): -12.4%
Source: Artemis
Per data from Artemis, the sector is middle of the pack in terms of performance, with a 4.6% reduction in fully diluted market capitalization this week. Bitcoin (BTC), on the other hand, squeezed out a 1.2% gain.
Source: Google
Despite the lackluster performance in recent weeks, Google search volume for both “AI token” and “AI tokens” is up over the last 12 months, suggesting interest continues to grow. Whether this eventually translates into positive price action remains to be seen.
AI News Roundup
Another week, another wave of positive developments in the AI space. Below, we’ve summarized some of this week’s most significant updates:
Worldcoin Brings Iris IDs to the U.K.: Sam Altman’s Worldcoin has rolled out its eyeball-scanning orbs nationwide, issuing cryptographic World IDs to prove humanness as AI-generated content soars. The move addresses fraud concerns, but privacy watchdogs still question the promises made regarding biometric data handling and storage. (source)
TrueNorth Raises for AI Discovery Engine: Backed by the founders of LayerZero, SEI and Selini Capital, TrueNorth secured $1 million to build a personalized AI agent that trawls on-chain, social, and macro data, delivering real-time, portfolio-specific crypto insights via autonomous “agentic” workflows.
OpenLedger Seeds On-Chain AI: OpenLedger has revealed OpenCircle, pledging $25 million for developers of decentralized AI protocols. Contributors of code, data, or compute will share ownership, upending today’s centralized model and speeding AI deployment across blockchain ecosystems. (source)
>> That’s all we’ve got for this week’s recap. Join us next week for another dose of AI news and developments ✌️
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