Tokens linked to artificial intelligence (AI) experienced declines in performance compared to major cryptocurrencies over the past 24 hours, particularly in light of unusual activity in Nvidia's short-duration put options. A notable increase in trading of these put options suggested traders were hedging against potential market downturns, which was highlighted by Convex Value. Amidst these developments, while Bitcoin grew slightly, AI-related tokens such as Bittensor's TAO and Render Network's RNDR reported losses. Specifically, TAO fell by 3.6% to $239, and RNDR decreased by 1.7% to $3.93. This downturn coincided with Nvidia's announcement regarding plans to manufacture AI supercomputers in the U.S., representing a significant shift in their AI infrastructure production. The options activity, particularly around out-of-the-money put options with strikes below Nvidia's current price, was deemed unusual, prompting speculation about possible insider knowledge among traders.

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