The sharp drop in the Bitcoin (BTC) price has led to a widespread market decline for AI tokens. Many of these tokens have faced a two-digit decline, indicating investor exodus and decreased confidence. Tokens like Virtuals with a 46% decrease and Fartcoin with a 30% drop are among those that suffered the most losses. This trend shows that the AI token sector is undergoing a structural crisis. In the past 24 hours, the AI token market, consisting of 1,459 different tokens, lost 10.4% of its value. Virtuals faced a 46.46% decrease in a week, with its market value currently at $417.8 million. Fartcoin also dropped by 30.92% in the past seven days, reaching a market value of $233.34 million on March 9. AI16Z, with a market value of $220.63 million, saw a 54.83% decline in a week. Token KET also ended the week with a market value of $207.03 million after a 47.04% drop. Meanwhile, in the same period, the digital currency ACT dropped by 12.71% with a market value of $183.26 million, and Toshi experienced a 30.6% decline, reaching $150.82 million. Turbo and FAI also dropped by 43.38% and 38.86%, respectively. While most AI tokens were on a downward trend, Cheems grew by 5.6% against the market and reached a value of $189.16 million. It is worth mentioning that out of the $4.19 billion AI token market, $1.78 billion is on the Solana network, $1.41 billion on the Base network, and $1.42 billion is circulating on alternative blockchains.
