AGIXT Token Skyrockets 1,300x Off the Launch as Traders Peruse Github Codebase

Josh Throckmorton, known as Josh XT on social media, launched the token to represent his AGIXT project

A newly launched token, AGIXT, has quickly attracted significant attention and資金流入in the AI agent space.

The token, launched on PumpFun on Jan. 16, soared from its bonding curve price of $75,000 to a $100 million valuation in just 5 hours — a remarkable 1,300x increase. However, the token has since retraced some of its gains and is currently valued at a market capitalization of $61 million, according to CoinGecko.

The token was launched by Josh Throckmorton, also known as Josh XT on social media, to represent his AGIXT project. Throckmorton has been working on the project independently for the past two years, aiming to advance open-sourced AI development in the pursuit of artificial general intelligence (AGI).

The token's rapid ascent upon launch was largely attributed to traders discovering Throckmorton’s Github, which showcased his work on AGIXT’s codebase and highlighted the token's legitimacy.

Throckmorton also took steps to ensure the token’s longevity by locking a substantial 45% of the token over a two-year vesting period. Upon the token's launch, he stated, “The goal with AGiXT has always been to ensure AGI is open source. Big labs can build this and hide it from everyone for as long as they want, basically. I wanted a future where it was accessible, local, and truth seeking for everyone.”