Capitalization of AI meme tokens exceeds $ 11 billion

Yesterday, January 2, the capitalization of artificial intelligence-related meme tokens exceeded $ 11 billion, and the daily trading volume approached $ 2.5 billion. Crypto experts note that the segment is showing active growth, in particular, thanks to the ai16z and Fartcoin projects.

The leader was the ai16z token, whose market value reached $ 2.6 billion with a weekly growth of 184%. This project parodies a well-known venture capital company and allows users to obtain capital for trading by offering tokens that can be exchanged for underlying assets. In December, the developers announced a change in tokenomics and the potential launch of their own blockchain.

Fartcoin, created in October as a joke and «completely useless» token, gained a market value of $ 1.35 billion, and its price rose by 38.2% in a week.

Experts note that the popularity of such tokens is related to the trend of using AI in cryptocurrency instruments, although the long-term popularity remains in question. At the same time, such initiatives receive support, such as Binance 's Alpha platform for early crypto projects focused on AI and memes.