The AI agent narrative has recently become one of the hottest trends, with its tokens gaining popularity and value. As per CoinGecko, the AI agent token market has undergone an incredible increase, with the sector’s market cap skyrocketing from non-existence to $15.4 billion in just a few months.
The sector, however, has been experiencing a steep 5.7% selloff in the past 24 hours, leading to a drop in the market cap to $13.4 billion and a trading volume of $2.35 billion. The leading AI agent token, ai16z, is being greatly affected by this ongoing market volatility.
ai16z, currently trading at $0.9398, has seen a 25% price drop in the past 24 hours and a 36% drop over the past week.
This major price decline has left investors concerned about its future, given the volatility of the broader crypto market.
However, a new AI agent token called MIND of Pepe is making waves, having raised over $3m through its ongoing presale.
AI Agent Tokens Spike 13% After Trump’s $500B Initiative
AI agent tokens ended 2024 as trending digital assets, but most fail to last long.
A study by Phut Crypto reveals that 88% of these tokens are defunct, with an average lifespan of just 17 days. Additionally, 75% of traders in this sector report losses.
On January 22, the market briefly surged after President Trump announced a $500 billion AI infrastructure initiative, Stargate, in partnership with OpenAI, Oracle, and SoftBank. The project reportedly intends to develop data centers and power solutions over the next four years.
After the announcement, AI token market capitalization jumped 9% to $45.83 billion, with AI agent tokens gaining 13%. Virtuals Protocol rose 13%, AIXBT 27%, and AI16Z soared 36%.
However, as of January 23, the excitement has faded, with top tokens like FET, Virtuals, and PAAL AI dropping 5.88%, 11.65%, and 10.11%, respectively.
Looking at long-term trends provides additional context for current market movements.
AI16Z Surges 500% Before Profit-Taking Hits
AI16Z has seen increased activity and value in the past few months. Three months ago, AI16Z was trading at just $0.0034.
Since then, its price has surged 500%, pushing its market cap above $2 billion. However, according to Lookonchain, the price reached an all-time high of $2.47 on January 2 and has since dropped substantially, largely due to whales’ profit-taking.
On January 22, AI16Z briefly rose 44% to $1.25 after gaining multiple exchange listings, including Kraken Pro and dYdX, which expanded its market reach. The trading volume also spiked, with daily futures market activity climbing 33% to $213 million, fueled by increased demand for leveraged positions.
Despite recent success, AI16Z trading volume has dropped 39.8% in the last 24 hours, signaling reduced market activity. While established players face market pressure, new AI agent protocols such as MIND of Pepe ($MIND) have begun making their mark.
MIND of Pepe: The Future of AI Agents?
MIND of Pepe ($MIND) is an AI agent that can operate independently across multiple platforms, manage its own crypto wallet and X account, and communicate with influencers. The project utilizes its proprietary “hive-mind” technology, where collective intelligence drives decision-making through mass data analysis and community interaction.
MIND of Pepe also processes real-time market data and social signals to generate strategic insights, extending its capabilities beyond basic automation.
Meanwhile, its autonomous system analyzes market trends, social sentiment, and on-chain activities to identify potential opportunities. Through integration with decentralized applications (dApps), MIND of Pepe is also capable of creating new tokens based on identified market trends.
MIND of Pepe has allocated 25% of the $MIND supply toward community development, supporting ecosystem initiatives such as DeFi strategy implementation and collaborative partnerships.
$MIND Token holders will receive access to specialized data feeds, market analysis, and private community channels. The project’s staking mechanism also provides yield opportunities for long-term holders, with returns based on staking pool participation.
MIND of Pepe has raised over $3.2 million so far in its funding phase. The project’s current presale stage, priced at $0.0031762 per token, concludes in less than 24 hours.