Elon Musk Sparks AGI Frenzy as Decentralized AI Tokens Climb 7%
Source Beincrypto
Elon Musk’s claim that Tesla could be the first company to achieve Artificial General Intelligence (AGI) sent Decentralized AI (DeAI) tokens surging up to 7.4% within 24 hours.
The post reignited speculative demand across blockchain-based AI infrastructure tokens, lifting trading volumes across the category.
Why it matters:
- AGI narrative cycles historically drive short-term capital rotation into DeAI and tokenized compute projects
- Elevated volume across the AI-token basket signals active sector repositioning, not isolated price moves
- Musk’s reach on X (Twitter) amplifies retail momentum faster than most market catalysts
The details:
- Bittensor (TAO) and Virtuals Protocol each climbed 7.4% in the 24 hours after the post
- Internet Computer (ICP) rose 6.4% and Kite added 6.6% over the same window
- Artificial Superintelligence Alliance (FET) posted a smaller gain of 4.7%
- Musk’s post on X drew immediate engagement, including a reply thread from entrepreneur Simon Squibb
- Not all AI-linked tokens moved higher, as performance across the broader category was mixed
The big picture:
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
West Texas Intermediate (WTI) US Crude Oil prices attract fresh buyers on Wednesday and climb back closer to the highest level since January 2025, touched the previous day.
Silver Price Forecast: XAG/USD rises to near $85.00 as Middle East war intensifiesSilver price (XAG/USD) recovers over 3% during the Asian hours on Wednesday, hovering around $85.20 per troy ounce after plunging more than 12% over the previous two sessions. The precious metal draws safe-haven demand as geopolitical conflict in the Middle East intensifies.
Silver price (XAG/USD) recovers over 3% during the Asian hours on Wednesday, hovering around $85.20 per troy ounce after plunging more than 12% over the previous two sessions. The precious metal draws safe-haven demand as geopolitical conflict in the Middle East intensifies.
AUD/USD extends its losses for the second successive session, trading around 0.7010 during the Asian hours on Wednesday. The pair remains under pressure following the release of Australian Gross Domestic Product (GDP) data.
Single-Day Prices Surge Another 32%. How Severe Is the Volatility Challenge in Europe’s Natural Gas Market?TradingKey - On March 3 local time, European natural gas futures surged for the second consecutive trading day, driven by the production halt at QatarEnergy's core facilities. European benchmark natur
TradingKey - On March 3 local time, European natural gas futures surged for the second consecutive trading day, driven by the production halt at QatarEnergy's core facilities. European benchmark natur
The Pound Sterling (GBP) trades lower against its major currency peers, slides 0.3% to near 1.3360 against the US Dollar (USD) during the European trading session on Tuesday.
