AI Agent tokens have become a hot topic in current on-chain transactions. PANews focuses on Swarms tokens for its main analysis, comparing the addresses of large holders of six high-market-cap AI Agent tokens. The analysis found that the distribution of large holders for Swarms is relatively dispersed, with early investors buying in batches at the bottom price during the price crash, while later entrants have a higher holding price. The largest holder holds AI Agent-related tokens worth approximately $49.86 million. Additionally, 27% of addresses have purchased multiple AI Agent-related tokens, with ZEREBRO being the favorite token among large holders. Overall, AI Agent tokens are seen as a better narrative for large fund investors.