- AI agent tokens lost $14.23 billion market cap in the last month.
- Top AI agent tokens shed 75% – 90% of their market cap highs.
AI agents in crypto was one of the booming trends in crypto a couple of months ago. At some point in the last few months, AI agent tokens even surpassed memecoins by market cap. However, they seem to be losing momentum these days both in terms of AI agents launch and market cap.
AI Agents Index Cooki.fun recorded a massive drop in terms of overall market capitalization. It is currently standing at $6.22 billion with a 5% drop in the last 24 hours. Even the smart engagement with AI Agent projects witnessed a significant drop over the last month. On the other hand, the launch of new AI agent tokens curve reached a plateau this week.
The AI agent market cap reached its peak of $20.45 billion on Jan 15 with an increased hype around these projects since November 2024. There is a staggering drop of over $14.23 billion from its peak value.
Another blockchain analytics platform Dune Analytics also found a massive drop in no. of AI agents launch on Virtuals platform. While there were around 1,300 pairs related to AI agents on Virtuals in Nov, this value is not even close to 20 this month.
Is the AI Agent Trend Fading Away?
The top AI Agents in crypto such as FET, Virtual, ai16z, FAI, and AIXBT recorded significant price surges in Jan 2025. It didn’t take more than a couple of months for them to record billions of market cap. With immense potential to change the way various industries operate, industry officials and experts believe that it is the new trend in crypto.
However, most of these top AI agent tokens are now down by 75% to 90% in terms of their market cap. Even though the innovation at the intersection of AI and crypto is accelerating, AI agents are not seeing any significant surge. Whether this market downturn is a result of the broader crypto market impact or AI agents truly lost their momentum is yet to be clarified.
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