Artificial intelligence-related crypto tokens surged over the past week, despite Nvidia losing $430 billion in market capitalization. Nvidia, a key player for crypto traders monitoring the AI market, produces computer chips essential for running AI models. Over the past five trading days, Nvidia’s stock price dropped 11.08%, according to Google Finance data.

In contrast, Fetch.AI (FET) and SingularityNET (AGIX) rose 23.46% and 20.83% respectively over the past seven days, according to CoinMarketCap data, bucking the trend of the broader crypto market’s decline.

Meanwhile, Bitcoin (BTC) and Ether (ETH), the two largest cryptocurrencies by market cap, fell 9.17% and 4.23% respectively over the same period.

Nvidia’s stock decline coincided with concerns over recent significant share sales by its president, Jensen Huang, and other executives.

Source: Google Finance

Since June 13, Nvidia president Jensen Huang has sold $79.38 million worth of Nvidia stock, according to a June 21 filing with the United States Securities and Exchange Commission (SEC). This move has garnered significant attention from trading research firms.

“Nvidia’s executives have been selling their shares at the fastest pace ever,” stated trading resource account Global Markets Investor in a June 23 X post. Another research firm reported that the total value of shares sold by Nvidia executives this year is now approaching the billion-dollar mark.

“Nvidia insiders have now cashed out more than $796 million this year,” noted Barchart. However, portfolio analyst Oguz O countered that “most of them are pre-planned and don’t bother me,” referring to the common practice of executives entering contracts with brokerage firms to sell stock at predetermined prices.

Source: Barchart

As of June 24, Nvidia’s market cap stands at $2.903 trillion, marking a decline of nearly 13% over the past five trading days from its all-time high of $3.34 trillion, according to YChart data.

AI crypto tokens and Nvidia have often moved in parallel, most notably when Nvidia released its earnings report for the final quarter of 2023.

On February 21, Nvidia reported Q4 2024 revenue of $22.1 billion and earnings of $12.3 billion, representing increases of 265% and 769% respectively compared to Q4 2023.

During this period, OpenAI CEO Sam Altman’s Worldcoin (WLD) surged by 240%, while blockchain AI analytics firm Arkham Intelligence’s native token, ARKM, gained 211%.

Recently, these AI tokens have continued their upward trend. At the time of publication, Worldcoin is up 9.07% over the past seven days, trading at $0.005, and Arkham is up 16.34%, trading at $1.96.

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