The cryptocurrency market experienced a sharp downturn today, with the total market capitalization dropping over 8.4% to $3.38 trillion as of Monday, Jan. 27.
Bitcoin led the decline, falling more than 5% from $105,000 to under $99,000, while most altcoins, including XRP, ADA, PEPE, LINK, and SUI, posted significant losses.
The AI agent sector was hit particularly hard, losing over 22% of its market cap, now valued at $9.66 billion, with a trading volume of $1.56 billion.
This market volatility led $VIRTUALS to drop below $2, plunging 19.7% to $1.97. Its 24-hour trading volume stood at $230.6 million, a 2.5% decrease. Other AI tokens, such as Render (RENDER) and Near Protocol (NEAR), also experienced double-digit losses, reflecting the widespread market downturn.
However, a new AI agent token called MIND of Pepe is showing bullish momentum, having now raised $4m through its ongoing presale.
Crypto Faces Key Events as AI Token Market Declines Amid DeepSeek R1 Disruption
The crypto market is bracing for volatility this week, with key events like the FOMC meeting, GDP data, PCE, and unemployment figures on the horizon. These could boost trader confidence while testing Bitcoin’s resilience.
Meanwhile, the AI agent sector has faced significant turbulence following the release of DeepSeek R1, an open-source AI model developed by the Chinese lab DeepSeek.
Marc Andreessen has dubbed this groundbreaking model “AI’s Sputnik moment.”
Deepseek R1 is AI's Sputnik moment.
— Marc Andreessen 🇺🇸 (@pmarca) January 26, 2025
The AI tool surpasses leading competitors, including OpenAI, despite being built on a modest $6 million budget and fewer GPUs. The innovation has triggered a sell-off in AI-related tokens, causing the sector’s market cap to drop 20% from $47.54 billion to $42.50 billion.
$VIRTUAL Drops 43.9% From ATH – Is $MIND the Next Big Opportunity?
Virtual Protocol’s token, $VIRTUAL, has sharply declined since hitting an all-time high of $5.25 on January 2, dropping 43.9% in the past month and 2.5% since yesterday.
https://www.coingecko.com/en/coins/virtual-protocol
According to Dune Analytics, the platform also experienced a dramatic drop in daily revenue, from $1.58 million on January 2 to just $93,486 by January 26.
With $VIRTUAL losing momentum, savvy investors might consider the Mind of Pepe ($MIND) presale, an exciting AI agent ICO gaining traction amidst the broader market downturn.
$MIND Presale: Only 15 Hours Left to Get in This Cheap
MIND of Pepe ($MIND) is a self-evolving AI interacting across platforms like X, generating unique insights and shaping conversations. By engaging with influencers and discussing meme coins, it builds its own presence, creating value for $MIND presale token holders.
In fact, over time, MIND of Pepe will evolve into an AI that creates its own tokens and provides exclusive insights to $MIND token holders. This means that by simply holding the token, you get all the benefits it offers.
Beyond these unique benefits, holders can also earn more rewards through $MIND staking. Mind of Pepe provides an impressive 675% annual percentage yield (APY) in staking rewards, putting it at the top of most staking initiatives available in the crypto AI agent space.
As the AI tool grows in popularity, $MIND holders benefit from early access to its token creations and strategic opportunities. The presale, which has already raised over $4 million, offers $MIND tokens at a fixed price of $0.0032016, making it extremely cheap and undervalued compared to the benefits it is set to provide.
With 15 hours left until the next price hike, now is the time to secure your tokens before prices rise.