The past 24 hours have been tough for the crypto market, with TRUMP and MELANIA meme coins dominating the spotlight.

The launch of the Melania Trump token and the subsequent drop in the value of the TRUMP meme coin have fueled FUD in the market, leading to widespread sell-offs.

TRUMP and MELANIA Drain AI Agent Tokens’ Liquidity

According to CoinGecko, the market cap of AI agent tokens fell after the Trump family tokens were listed over the weekend. At press time, it had dropped by over 11% to $12.6 billion.

Several top AI tokens, including VIRTUALS, AIXBT, and AI16Z, felt the heat over the past 24 hours.

In fact, the sudden shift in market trends has also led to a 4% decline in the overall crypto market cap. 

Leading AI coin VIRTUAL slumped by 15% over the past 24 hours. Popular AI investor OxJeff attributed the decline to Solana’s AI agent dominance over Base and the launch of TRUMP on Solana.

“Despite headwinds, Virtuals remains one of the best ecosystems with the most unique agents and clear catalysts for the next 30 days—especially with the impact of ~13m TWAP’ing through every agent in the ecosystem,” the investor added.

According to OxJeff, despite this challenging environment, AI agents will recover soon. He added that AI agent projects have managed to thrive when one looks at the large

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Author: Ann Maria Shibu

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