AI agent tokens ai16z, VIRTUAL plunge, profit leaders dump
Cryptocurrency investors who chased the artificial intelligence hype may be left holding the bag as their prices drop and smart money investors sell.
Virtuals Protocol (VIRTUAL), one of the best-performing cryptocurrencies in 2024, has crashed below $3 after falling 43% from its highest level this year.
Similarly, ai16z (AI16Z), the third-biggest Solana (SOL) meme coin, has fallen by over 50% from its January high. Combined, the tokens have shed over $2 billion in market value.
While this freefall coincides with the ongoing crypto crash, a closer look at their on-chain metrics show that smart money investors and profit leaders have started selling their positions.
