Hype Over AI-Related Tokens Appears to be Wearing Off: Kaiko

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day while companies like nvidia and Meta are seeing gains on A I innovation A I related tokens have been losing momentum hitting the lowest weekly trading volume since January. According to data from caco native tokens for fetch A I oasis network singularity net and more saw high trading volume earlier this year after the launch of Chat G BT in November 2022. Since then, this chart shows a decline data from shows the A I sector down roughly 4% in the last seven days with the top 10 A I tokens listed by market cap down more than 50% from their all time highs. Despite this A I tokens continue to react positively to A I related news. Like when Tesla, Ceo Elon Musk recently unveiled the plan for a new company called Xa I. That's it for today's chart of the day. I'm Jenna. We'll see you next time to unpack more of the data behind top news stories.