Elon Musk, in a moment of what can only be called benevolent hubris, declared that Tesla will be the first to toy with Artificial General Intelligence. Overnight, DeAI tokens leapt a tidy 7.4 %, as if a hare had beheld a hare’s dream.
The post re‑ignited the frantic pre‑market bubble surrounding blockchain‑based AI infrastructure tokens, flooding the charts with speculation. Traders, in a state reminiscent of a used‑car salesman at a county fair, found themselves buying, selling, and obsessing over digital feathers for an intelligence that may or may not yet exist.
Why it matters:
- AGI rhetoric is a short‑term spin‑wheel that drives capital into DeAI projects as if the audience were watching a penny dreadful sponsored by brighter light bulbs.
- A spurt in volume across the AI token basket indicates the sector is shifting its seat of the world, not just a rogue trader’s whims.
- Musk’s own Twitter (formerly X) is a magnet that can, with the fling of a hashtag, set retail investors tumbling faster than a conman in a minor league.
The details:
- Bittensor (TAO) and Virtuals Protocol each saw the same 7.4% hop following the op‑ed in two days.
- Internet Computer (ICP) climbed 6.4%, while Kite acquired 6.6% – a gradual climb that translates to a measured swagger down a lane of brogue speakers.
- Artificial Superintelligence Alliance (FET) posted a modest 4.7% rise, a good reminder that often the drunks on the floor are the only ones really moving.
- Musk’s X dispatch attracted instant replies, incl. an entreaty from entrepreneur Simon Squibb – a reminder that even tech royalty has thespians as devotees.
- Not every AI‑bound token party; the broader category had a mixed bouquet, like a tray of pastries half baked.
- DeAI tokens that trade for decentralized compute, agent economies, or tokenised intelligence nets frequently swing with news cycles of AGI, an ongoing dance since 2024.
- Tesla’s robotics and autonomous AI arms add structural credibility to Musk’s musings, implying perhaps that he isn’t just a viral social‑media jinx.
- The CoinGecko AI token index tracks dozens, making selective rotation an informal barometer of conviction, which can be read only by those who view tare as a subtlety.
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2026-03-04 19:20