The dead internet theory may not be in full swing just yet, but AI agents have already taken over much of Crypto Twitter.

Reply bots on X are populating posts on nearly everything, using artificial intelligence models to increase reach and blockchains to settle micro transactions or record data.

These bots are increasingly interacting with other bots, with pairs of such bots launching their own tokens. (While token issuance still requires humans, often the concept stems from whatever the AI bots decide).

Initial replies to nearly all of CoinDesk’s posts in the past few weeks are often these AI bots, each either providing a reaction, a summary or analysis of linked reports, or sometimes even subtle snarks.

The relatively new “AI Agents” sector has become crypto’s hottest in the past few months, beating gains in bitcoin, memecoins and decentralized finance tokens.

Leading the pack among agents is ai16z, a meme parody of venture fund a16z that operates as a decentralized hedge fund. Token holders become “partners” by supplying their holdings to an on-chain fund, gaining a cut of profits until the fund’s expiration date in October 2025. The fund had locked up more than $22 million in user tokens as of Monday Dec 30.

Those trading decisions are a mix of the bot’s read of the market. Token holders meeting a certain threshold can also interact with the bot directly, pitching ideas, and trying to influence its investing decisions.