AI meme tokens showed their resilience, with top assets gaining rapidly in the past week. The recent rally revived older hot assets, with some almost doubling in value.
The AI narrative is recovering, led by the ongoing FARTCOIN rally. AI meme tokens regained value, for a total of $3.1B, after some of the top assets posted significant weekly gains. The AI token sector was almost frozen in Q1 after the initial hype, but some of the assets retained cult status and returned for new rallies.
The rally was led by the irrational gains of FARTCOIN and GOAT, but other AI agent tokens also recovered. AI16Z is up over 87% in the past week, recovering from the recent sideways trading around $0.10.
AI agent tokens on Solana were all in the green for the past week. | Source: Alphanomics
The recovery of AI agents followed weeks of renewed interest in Solana tokens. AI agents are also a staple on social media, providing ongoing content and keeping the sector’s mindshare relatively high. Most of the AI-related tokens increased their mindshare in the past week, but FARTCOIN led with 21.62% expansion in mentions.
AI agents and agent-related tokens held the biggest mindshare, followed by AI platforms and infrastructure. The crossover of DeFi and AI, DEFai, is still lagging with almost negligible increase in mentions.
AI meme platform VIRTUAL drew in smart money inflows
Ava Labs (AVA), GRIFFAIN, ZEREBRO, and Virtuals Protocol (VIRTUAL) are also bouncing from their lows, offering fast gains after months of losses.
After the initial wave of token creation, Virtual Protocol generated a total of 16,974 AI agent tokens, of which 400 graduated to more liquid decentralized trading. VIRTUAL remains the proxy for those AI agent tokens, recovering to a one-month high of $0.83. The token was also among the main attractors of smart money based on Alphanomics data.
VIRTUAL reflected the recent gains of other AI agent tokens from the Virtuals Protocol launchpad. New launches have slowed down to a minimum, but older assets are still capable of drawing in whale traders and retail buyers.
The VIRTUAL token and its related ecosystem also benefitted from the renewed interest in AI tokens. Those older assets, tied to AI infrastructure, recovered their total value to over $25B. VIRTUAL was the top weekly gainer with 45.5% added for the past seven-day period. VIRTUAl led the recovery for infrastructure tokens, with strong gains from AVA, PROMPT, DARK, and other platforms.
AI agents are no longer as hot as during their first rally. The tokens still showed an ability to rally, following the recovered market sentiment. Solana AI agents had the strongest recovery, with most agents in the green for the past week.
The recent price performance led to expectations of a new AI agent season. The lack of a real altcoin season sent traders in search of other sources of gains.
