On-chain analysis research institution Pine Analytics stated on platform X that there are as many as 65 tokens created or directly associated with the AI hackathon initiated by SendAI in the Solana ecosystem, with a total market capitalization of $482 million, an average market cap of $7.5 million, and a median market cap of $1.7 million; 13 tokens have a market cap exceeding $10 million, and 42 tokens have a market cap exceeding $1 million. It is worth mentioning that at the beginning of November 2024, there were only 9 token projects, with a total market cap of only $12 million. Today, two months later, this data has significantly increased. The top five tokens by market cap are:
- SEND ($88 million)
- @joinfxn ($72 million)
- @bongocatAI ($44 million)
- @neur_sh ($39 million)
- @KiraKuruAI ($19 million)
In addition, tool and infrastructure projects are less likely to issue tokens, while agents and applications are more likely to launch tokens.

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