Bitcoin has not yet broken below the support level around 92,000. High volatility will be the main trend for Bitcoin in the near future, which will not affect the development of on-chain AI at all.

There’s not much else to write about today; I will continue to explore the chain for valuable coins.

Let me highlight today’s key points:

1. Bitcoin continues to adjust, value DEFI on CEX is experiencing a widespread decline, and mainstream meme coins are all down.

2. The on-chain market has been impacted by the listing of swarms and other contracts on Binance. Yesterday, swarms ai16z and others experienced a significant pullback, but I believe on-chain AI will not stop; this will be the mainstream narrative of the year.

3. The Ethereum Foundation has sold coins again, which is really disgusting. Every time they sell coins, a phase peak arrives.

4. Yesterday afternoon, the on-chain Golden Dog LLM, which has a more mocking meme, directly surged to around 80 million in market value. This level of fear is unimaginable. This year, regardless of what it is, the main thing is the fast pace.

5. Although the market has reached a freezing point, a part of the on-chain still performs well. For example, framework-type pinppn has broken the 100 million dollar mark; once it breaks 100 million, the market cap will quickly reach 200 million.

6. The model-type MAX reached a market cap of 200 million dollars yesterday. Although it has pulled back quite a bit, it can still be monitored; as long as the bull market continues, the MAX model will remain in place.

7. Yesterday the market was looking for defi+ai targets. Currently, this type of track mainly includes: BUZZ NEUR GRIFT HTERM TRISIG. At present, this type of track is only at the data analysis stage, and some have developed natural language that will only do AI financial management. I believe this track, besides the framework, can directly reach users, so the future space is unimaginable.

8. Last night, the AI sent AI supported by iotx went live, directly reaching a market cap of 30 million dollars. For this type, I think if there is no base market value to buy in, there is no need to FOMO.

9. SOLA is also a fast-paced AI Golden Dog; there are really many opportunities for new listings on the chain.

10. The total market cap of the AI agency sector has fallen to 15.107 billion dollars, with a 24-hour decline of 4.9%, and a 24-hour trading volume of 2.79 billion dollars.

11. The president of Ripple stated that the spot $XRP ETF "is very likely to be the next one after Bitcoin and Ether.

12. CEX performance is really poor; currently, on-chain trading only accounts for 20% of CEX. I think when it accounts for 50% or even more, we can start looking for valuable coins on CEX.