AI meme tokens have shown resilience, with top assets gaining in the past week. The recent rally revived older hot assets, with some seeing almost double their values.
The AI narrative is recovering, led by the FARTCOIN rally. AI meme tokens regained value, for a total of $3.1 billion, 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 recovery of AI agents came after 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, with FARTCOIN leading with a 21.62% expansion in mentions.
AI meme platforms record massive inflows
Ava Labs (AVA), GRIFFAIN, ZEREBRO, and Virtuals Protocol (VIRTUAL) are making a comeback after losses, 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 token and its related ecosystem also benefited 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.