Author: TechFlow
Whenever you feel the market is dull, a new large MC memecoin will always catch your eye.
This morning at 9 am, a new AI Agent token called $AGIXT appeared, and its market cap quickly reached $80 million in less than 2 hours; even more surprisingly, the trading volume during this period reached $96 million, showing a rare market activity.
While everyone was late to the party, in contrast, on-chain data shows that a large amount of smart money quickly purchased AGIXT within the first 30 minutes of its launch, with some individual transactions exceeding 50 SOL.
What exactly is this AGIXT, and how is it different from other AI Agent tokens? The editors have looked at its Github and more introductions, and will quickly introduce AGIXT to you.
2700 likes, an AI automation framework
Sometimes, people don't really care about the technical details of an AI Agent token, what they care about is whether there are any clues that make the project "look good".
Under this mindset, the number of Github likes gradually becomes a point that can be used for marketing AI Agent tokens - the more likes, the more developers recognize it, and the more it can highlight the technical influence and strength of the project.
After browsing the AGIXT code repository, it can be found that the project's stars (likes) have exceeded 2700, which is indeed better than a project that is purely relying on air and randomly creating a new Github.
More importantly, these likes are not recently added.
From the Star History chart, it can be seen that the project was launched as early as the beginning of last year, and has shown a steady upward trend in Github stars since July 2023.
If it were just for show, the layout would be too long, even earlier than the start of the entire AI Agent narrative. Therefore, this is more like an ongoing off-chain project, which is trying to tokenize during this wave of hype and then be discovered in value.
However, what exactly is this AGIXT?
From the official description of the code repository, AGIXT is essentially an AI automation platform, which simply means a tool that allows AI to automatically complete more complex tasks. Its biggest feature is that it can simultaneously call multiple AI models (such as OpenAI, Claude, etc.) to work collaboratively, like giving you a team of AI assistants.
This is more like something for developers, but what can you use this platform for?
For end-users, you can send natural language requests to the tools built using this platform's API, and get actionable results. In plain language, it means conversing with AI in normal language and getting answers in different task scenarios.
This sounds similar to what the currently popular frameworks are doing, but this project has several attractive highlights:
Multi-task processing capability: It can not only handle simple conversations, but also automatically plan task steps, search the internet for information, execute commands, and even support voice interaction - it can be understood as an enhanced version of ChatGPT.
Decent memory: The platform has an built-in intelligent memory system, allowing the AI to maintain long-term dialogue context like humans, without "forgetfulness".
Highly extensible: Developers can easily add new features to AGIXT through the plugin system.
Comprehensive compatibility: It supports mainstream AI models including OpenAI, Hugging Face, etc., and users can freely switch between different AI services based on their needs.
From a technical perspective, AGIXT's design is quite complete, not only providing a Docker-based rapid deployment solution, but also equipped with API interfaces for easy integration with other applications. This means that it can not only run independently, but can also be easily integrated into other systems.
In addition, the project's update frequency is also quite active, with monthly updates over the past year, unlike an empty-shell token project.
From a narrative perspective, this is more like a framework or platform-type project, it is not a standalone application itself, and other projects can utilize its capabilities to create more AI Agents.
However, the actual performance of the Agents created using AGIXT still needs to be validated by more use cases; the information presented on the project's Github is just not bad.
Not a crypto developer, but focused on AGI open-source contributions
Associated information shows that the developer of the AGIXT project is @Josh_XT, a person who is passionate about continuous contributions in the AI open-source field, submitting over 8,000 code contributions on Github last year.
Some netizens have stated (message to be verified) that this dev's contribution volume can be ranked in the top 2% of all Github developers.
3 hours ago, Josh tweeted that he "has not really entered the cryptocurrency field yet", but believes that cryptocurrency has indeed provided a lot of good support for the open-source community.
At the same time, Josh has also started trying to lock up the AGIXT token.
Public data shows that he is using Streamflow Finance to lock up 5% (about 22.5M tokens) of the total 450M AGIXT tokens for a two-year linear release, starting from January 16, 2025, with automatic unlocking every two weeks until January 28, 2027.
More introduction to the project team can be found here.
More noteworthy data
With good technology and top-notch developers, AGIXT stands out a bit "solid" among the many speculative projects.
But does this constitute a reason to FOMO? Here are some information compiled by the editors, you may want to take a look at more data before making a decision.
Early KOLs are dumping
When AGIXT's market cap quickly reached over $50 million, more and more discussions can be found on social media; but at the same time, some sharp-eyed netizens have also discovered through data monitoring websites that some early participants, including KOLs, are gradually selling out to lock in profits.
Lock-up in doubt
Some Tweeps also pointed out that although the developer is conducting token lock-up, the cliff is set to 0, which means the developer can start receiving unlocked tokens from the first day, without a mandatory initial lock-up period to protect investors.
This is a risk signal, as there are concerns that the developer may take advantage of this setting to engage in improper operations, and there is a warning that a price crash may occur.
Front-end holdings are too concentrated
Using the "Chip Analysis" function of GMGN, it can be seen that the address HNFC...Sf4G holds 42.83% of the tokens.
Based on the total value of $2.2M shown in the image, this address holds about 71.65M tokens, which shows that the token distribution is highly concentrated, with the largest holder accounting for nearly half of the total tokens, and the top few addresses collectively controlling over 50% of the tokens.
However, token concentration does not necessarily mean a dump, it may just mean that the front-end price influence will be stronger, and it also needs to be seen whether the front-end has conducted lock-up or decentralization operations.
Overall, AGIXT is a robust AI framework with top-notch developer capabilities, but the public information available in the 3 hours since its launch is limited to this.
Whether it is a one-day large MC memecoin or a rising star, the answer may only be seen after the intense PVP competition and the release of more information.
