AI代币流水：一个完全混乱的市场

2024年，由人工智能支持的加密货币的迅速崛起表明，区块链和AI之间的收敛性是决定性的转折点。

The rapid rise of AI-backed cryptocurrencies in 2024 marked a pivotal moment in the convergence of blockchain and artificial intelligence (AI). Driven by market euphoria and enthusiasm for agentic AIs, these assets attracted massive capital inflows, propelling their valuation to record highs.

2024年，AI支持的加密货币的快速崛起标志着区块链和人工智能（AI）的收敛中的关键时刻。在市场欣喜和对代理AIS的热情的推动下，这些资产吸引了大量资本流入，推动其估值纪录高高。

However, the fervor quickly dissipated, and within months, some of these tokens lost up to 90% of their value. This collapse raises critical questions about the viability of these projects and the soundness of the market. Are investors simply witnessing a correction following a speculative surge, or could this be the beginning of a sustained disinterest?

但是，热情很快消失了，在几个月内，其中一些代币损失了其价值的90％。这种崩溃引发了有关这些项目的可行性和市场健全性的关键问题。投资者是否只是在投机激增之后只是目睹更正，还是这可能是持续不满的兴趣的开始？

AI Tokens Adrift: A Market in Disarray

AI代币流水：混乱的市场

The dizzying fall of AI tokens took many investors by surprise, given the abruptness of the decline. According to CoinGecko data, AI Rig Complex (ARC), ElizaOS (AI16Z), and Virtuals (VIRTUAL) have seen their market capitalization shrink by 75% to 90% since January. Even Fartcoin, a meme coin AI that garnered attention in 2024, plunged by 65% in 30 days and is now valued at only $430 million.

鉴于衰落的突然，AI代币的令人眼花tap乱使许多投资者感到惊讶。根据Coingecko Data，AI钻机综合体（ARC），Elizaos（AI16Z）和虚拟（虚拟）自1月以来的市值下降了75％至90％。即使是Fartcoin，也是一种模因硬币AI，在2024年引起了人们的关注，在30天内跌落了65％，现在价值仅为4.3亿美元。

This bearish movement is part of a broader trend of contraction in the crypto market, which has lost 16% of its value since the start of the year. "If you look at the charts of AI16Z, ARC, or even Fartcoin, it's clear that the trend is down, and many believe these tokens will never regain their past levels," noted trader Elon Money in a post on the X platform (formerly Twitter) on February 6, 2025. This disillusionment underscores how emerging markets are subject to cycles of exuberance and correction, especially when speculative interest eclipses technological fundamentals.

这种看跌的运动是加密货币市场收缩趋势的一部分，该市场自年初以来损失了其价值的16％。 “如果您查看AI16Z，Arc甚至Fartcoin的图表，很明显，趋势已经下降，许多人认为这些代币将永远不会重新获得过去的水平，” Trader Elon Money在X平台上的帖子（以前是Twitter）于2025年2月6日。这种幻灭强调了新兴市场如何受到繁荣和纠正的周期，尤其是当投机性利益黯然失色时。

A Liquidity Shift Amplifying the Blow?

流动性转移会放大打击吗？

Beyond natural market fluctuations, the decline of AI tokens appears to have been exacerbated by a major exogenous event: the launch of the TRUMP meme coin in January. This token, linked to the image of Donald Trump, quickly captured $80 billion in market capitalization within 24 hours. Such an influx drained the liquidity available for other emerging assets.

除了自然市场的波动之外，AI令牌的下降似乎也因重大的外源性事件而加剧了：一月份的特朗普模因硬币的发射。这个与唐纳德·特朗普（Donald Trump）的形象相关的令牌很快在24小时内捕获了800亿美元的市值。这种涌入耗尽了其他新兴资产的流动性。

"The reason for this brutal liquidation is clear: liquidity is leaving the AI token market to go elsewhere," highlighted Crypto Stream in a post on social network X on January 31, 2025.

“这种残酷清算的原因很明确：流动性正在离开AI代币市场，” Crypto流在2025年1月31日的社交网络X上的帖子中强调。

Meanwhile, political uncertainty has heightened investor skittishness. Recent statements by Donald Trump, threatening to impose 25% tariffs on Canada and Mexico, have sparked widespread panic in financial markets. In this climate, the most speculative cryptos were the first to feel the selling pressure. While major altcoins held up relatively well, smaller emerging projects, like AI tokens, were "literally massacred," according to Crypto Stream.

同时，政治不确定性增加了投资者的屈服。唐纳德·特朗普（Donald Trump）的最新声明威胁要对加拿大和墨西哥征收25％的关税，这引起了金融市场的普遍恐慌。在这种气候下，最投机性的加密货币是第一个感受到销售压力的人。 Crypto Stream表示，虽然主要的Altcoins保持相对良好，但较小的新兴项目（如AI代币）被“屠杀”。

Contrasting Perspectives on the Future of AI Tokens

对AI令牌未来的对比的观点

Despite the severity of the current correction, some experts believe these assets could rebound in the long term. "When you look at protocols like ElizaOS and Rig, you see strong teams, high-level partnerships, and integrations with major blockchains," stated Elon Money. The growing utility of agentic AIs, autonomous intelligences that interact with blockchains, suggests a future where these technologies will play a central role in the digital economy.

尽管目前的更正严重程度，但一些专家认为这些资产从长远来看可以反弹。埃隆·货币（Elon Money）说：“当您查看Elizaos和Rig等协议时，您会看到强大的团队，高级合作伙伴关系以及与主要区块链的集成。”代理AIS，与区块链相互作用的自主智能的效用越来越多，这表明了这些技术将在数字经济中发挥核心作用的未来。

According to VanEck, the number of active autonomous AIs on blockchains could surpass 1 million by the end of this year, strengthening their impact on the crypto ecosystem. However, these projects must first demonstrate their viability and capacity to generate value beyond speculation to win over investors.

Vaneck认为，到今年年底，主动自主AIS的数量可能会超过100万，从而增强了它们对加密生态系统的影响。但是，这些项目必须首先证明其生存能力和能力，以产生超出猜测以赢得投资者的价值的能力。

The Implosion of AI Tokens marks a critical juncture for this new class of assets. Some will view it as a necessary purge to cleanse a still-nascent market, while others may see it as a sign of premature enthusiasm. Either way, their future will hinge on their ability to offer concrete applications and prove they are not merely a passing trend.

AI代币的内爆标志着这一新资产的关键关头。有些人将其视为清洁仍然晕已经市场的必要清除，而另一些人可能认为它是过早热情的标志。无论哪种方式，他们的未来都会取决于他们提供具体应用程序的能力，并证明它们不仅是过去的趋势。