AI Tokens Decline, Meme Coins Poised for Resurgence

Recent data from Dune reveals that only 6-7 AI agent tokens are being created daily on Virtual, a staggering 99.5% drop from their peak in December last year.

The crypto market may be due for another narrative shift as meme coins prepare for a potential resurgence, while AI agent tokens continue to see declining interest.

This narrative shift is highlighted by the staggering drop in Virtual tokens being created daily.

Recent data from Dune reveals that only 6-7 AI agent tokens are being created daily on Virtual, a 99.5% decrease from their peak in December last year. This sharp decline signifies a massive drop in enthusiasm for these tokens, even as the broader AI narrative remains a dominant theme in the market.

However, some analysts remain optimistic about the long-term potential of AI-powered crypto projects. As BeInCrypto reported, new AI agent launches show mixed signals, with some sectors seeing renewed activity.

Specifically, some, such as VIRTUAL, AI16Z, and AIXBT, have experienced gains in the last seven days. Meanwhile, others are still in a downtrend, like FAI, down 28%, and TRAC, down 19%.

Among these signals, the total market cap of crypto AI agent coins has dropped to $6.95 billion according to Cookie.fun. None of the AI agent tokens have crossed $1 billion individually on market cap metrics.

Industry experts have also highlighted how AI agents are poised to transform the workplace, further cementing artificial intelligence’s role in the digital economy. But this new wave of AI agent tokens has faced difficulties gaining momentum.

Solana-based token launchpad Pump.fun, which features a vast collection of meme coins, has been removed from the top 10 highest revenue-generating protocols in the last 24 hours.

“Pump.fun gets kicked out of the top 10 highest revenue-generating protocols in the last 24 hours as the number of bonded meme coins is plummeting to zero. solana posting:no more meme coins to cook. time to move on. interesting to see what happens next. personally hoping for a solana casino protocol to rise in the ranks. we'll see though. anything can happen in the wild, wild web3.” SOL ecosystem commentary The Solana Post stated.

Solana meme coins may not remain in the shadows for long.

The tide of mindshare, which heavily favored AI last month, seems to be shifting.

While the US SEC (Securities and Exchange Commission) recently announced that meme coins are not classified as securities, industry participants anticipate a revival in the sector’s trading activity.

“SEC just officially ruled meme coins are not securities. This is about to bring massive on-chain volume. The trenches are about to get wild. also interesting to note that solana is heavily involved in the meme coin scene (pump.fun) and if they do start rolling in i expect liquidity to flow in to buy sol to participate and gas up on solana meme coins. bullish solana. be mindful of scams though! be smart out there! ” Lynk a popular X user stated.

According to the user, Solana (SOL) could benefit from the prospective meme coin comeback. This assumption is based on the sector’s heft of Solana-based meme coins. The logic is that if meme coins stage recovery, traders and speculators would pour liquidity into the ecosystem, buying SOL to participate in launches on Pump.fun. This would potentially increase SOL’s demand and, in turn, its