AI crypto crash today: GRIFFAIN and FARTCOIN drop by 30%

The AI crypto market has taken a significant hit today, with major tokens like GRIFFAIN, GRIFT, and FARTCOIN experiencing sharp declines of up to 30%. The total market capitalization for AI-related tokens has dropped by over 10%, falling from more than $41 billion to approximately $37 billion overnight. At the time of writing, the trading volume for AI tokens is nearing $3 billion.

The crash has affected many prominent AI tokens, with GRIFFAIN, BUZZ, GRIFT, and FARTCOIN seeing declines ranging from 20% to 30%. FARTCOIN, in particular, has dropped by around 30% in the past 24 hours and has plunged by more than 53% in the last week. It is currently trading at $0.96.

Other tokens related to AI technologies, such as VIRTUALS (VIRTUALS), have also experienced substantial losses. VIRTUALS has decreased by more than 20% in the last 24 hours and is currently trading at $1.97. Despite this, it still maintains a market cap of $1.2 billion amidst the broader crypto market downturn.

The DefAI sector, which represents AI-driven decentralized finance platforms, has been hit especially hard. GRIFFAIN, a major token within the sector, has fallen by more than 27.5% in the past day. Despite this, it still holds the largest market cap in the DefAI sector, with $301.46 million. Other DefAI tokens like BUZZ and NEUR have also seen significant losses, dropping 22.3% and 25.75%, respectively, in the past 24 hours.

Among the most significant losses in the AI space today is GRIFT, Orbit’s token, which has plummeted by over 33% in the past day and 35% over the past week. Orbit is an AI Agent platform designed to help users execute on-chain actions using AI.

Despite the current downturn, there is still optimism around AI tokens, with many crypto analysts and investors believing that AI-related assets will drive market growth in the coming years. A recent survey by Binance showed that a majority of users are confident that AI tokens will lead the crypto markets in 2025. However, the start to this year has been rough for the sector, with several crypto firms, such as Lightchain AI and XRP’s partnership with Atua’s developer, continuing to experiment with AI and blockchain technologies.

As the year progresses, the AI and DeFAI sectors are likely to remain under close watch, with industry experts continuing to explore the combination of blockchain and AI to drive future growth.