AI tokens down up to 90% from 2024 highs
Tokens linked to artificial intelligence are witnessing a significant downturn, with values plummeting by as much as 90% from their peaks in 2024. Platforms such as AI Rig Complex, ElizaOS, and Virtuals have reported market cap reductions of approximately 75% to 90% since January 2025. The cryptocurrency market overall has seen a nearly 16% decline since January highs, with AI agent tokens losing cumulative value of over 40%, dropping to around $6 billion from a previous $10 billion. Notably, the launch of Trump's memecoin has also caused liquidity to be funneled away from AI projects, exacerbating the losses in this sector. Despite the sharp decline, some traders remain optimistic about the long-term potential of AI tokens, highlighting strong teams and partnerships within several projects. Asset manager VanEck forecasts that by the end of 2025, blockchain networks could host over 1 million AI agents.
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