Original | Odaily (Odaily星球日报) (@OdailyChina)
Author | Nanzi (@Assassin_Malvo)
Over the past three days, Bitcoin has fallen from a high of 102,724 USDT to a low of 91,203 USDT, and the entire crypto market has experienced a significant sell-off, especially the AI sector on the Solana chain, with a large number of second-tier tokens being eliminated.
In previous downtrends, most users only focused on which tokens on CEX were the most resilient, however, DEX has recently become an indispensable battlefield, especially the AI sector on Solana and Base chains. Therefore, this article will use some of the top tokens on Solana, Base, and BSC as research objects to demonstrate their performance in this downturn.
(Odaily Note: Whether to buy the dips of tokens that have fallen the most or to chase the upward tokens against the trend, readers should judge for themselves. This article is only for data integration and reference.)
Basic Situation
Time range: From the recent Bitcoin all-time high on January 7, 2025 at 8 AM to this morning at 8 AM. The current market cap is as of around 12 PM today.
Token range: 25 AI concept tokens from Solana's pump.fun, 7 AI concept tokens from Base's Virtuals Protocol, and some tokens from Binance Alpha on BSC.
Data source: CEX tokens from Binance spot, DEX tokens from TradingView.
Data Situation
Bitcoin has fallen 9.47% in 72 hours, while the entire crypto market cap has fallen from $3.76 trillion to $3.37 trillion, a 10.3% drop, indicating that the altcoins outside of Bitcoin have not fallen as much.
In Solana, the 25 tokens we tracked had an average return of -0.4%, not a large decline. But in terms of total market cap, the initial market cap of these 25 tokens was $5.06 billion, and the final market cap was $4 billion, a 20.6% drop. From these two data points, we can see that large-cap tokens are bleeding, while some small-cap tokens are experiencing exponential growth.
On Base, the 7 tokens we tracked had an average decline of 19.9%, with the market cap falling from $1.16 billion to $890 million, a 23% drop. This indicates that all tokens are declining, with no counter-trend tokens.
What are the counter-trend tokens doing?
AVA: AVA was originally an AI Agent launched by Holoworld AI, and recently will launch the Holoworld Launchpool, where AVA holders can receive Launchpool token allocations (similar to the BNB logic).
pippin: About to launch a framework (narrative upgrade).
MAX: Launched the Launch platform agents(dot)land, where MAX can be staked to earn equity and tokens.
BUZZ: No changes in the narrative for now.
BUILD: No changes in the narrative for now.
In summary, these counter-trend tokens are making their narratives more grand, whether or not they are implemented, which can effectively drive a wave of upward momentum. Readers are advised to continue to follow the narrative changes of the top tokens.
