According to Planet Daily, crypto data provider Kaiko recently released a report saying that the total market value of five mainstream AI tokens (FET, GRT, RNDR, OCEAN and ROSE) has plummeted from $170 million earlier this year to $60 million in August. Kaiko analyst Dessislava Ianeva believes that the decline in AI tokens is due to a shift in global risk preferences.
The report shows that some projects such as Fetch.ai (FET) and Ocean Protocol (OCEAN) have gained attention, with the former seeing its open interest surge by nearly 90% last month. Despite the recent sharp drop in open interest, weekly trading volume for AI-related tokens increased significantly in August: after falling to a yearly low of $570 million at the end of July, it jumped to $870 million last month.
