In recent days, apart from platform tokens, the performance of shanzhai in the secondary market has not been good. However, on-chain, especially AI agents, are still thriving. The top few virtual tokens maintain a fully diluted valuation (FDV) of 3.1 billion, with Fartcoin and AI16Z also having a market capitalization of over a billion, completely unaffected by the market pullback.

Several new blue-chip projects, such as Game, have been held for value discovery. Previously, they were benchmarking against agents like AIXBT and Luna, but now Game has directly changed tracks to benchmark against AI16Z, experiencing a surge of 3x in recent days, and its market cap is already close to AIXBT, suggesting a higher ceiling ahead.

Moreover, new entrants in the sector continue to emerge. Projects like Spore, which involve AI autonomous reproduction, have already produced a third generation. The market caps of the second-generation Adam and Eve are around 5 million, while the third generation, DREAM, has surged to over 10 million. It is said that there are two third-generation tokens: DREAM, which is community-driven, and Squaid, which is AI-generated genes without human involvement. It remains to be seen whether AI genes are stronger than human participation, but currently, community involvement appears to be stronger. Squaid has dropped to a market cap of 2 million.

Last night, there was also a token called Gold Dog SVMAI, which is the AI version of Solscan. It offers a one-click analysis to check someone's wallet, and its trading volume is quite large, reaching 50 million in 24 hours. It has already increased by over 100 times, but its FDV is only 5 million, making it worth watching.

Personally, I believe the era of AI agents will last a long time, possibly even longer than the duration of this crypto bull market. This is also why I think there will be at least three AI agents with a market capitalization of 10 billion or more in this cycle. #美国加密立法或将重启 #FlokiETP流动性提案通过 #币安Alpha公布第8批项目 #2025加密趋势预测