Artificial Intelligence cryptocurrencies are experiencing significant declines, with their market cap dropping by 10% to $37.4 billion in the last 24 hours. Notably, the emergence of DeepSeek, an affordable AI model developed by High-Flyer, has triggered sweeping disruptions across the industry.
The top AI coins such as RENDER and VIRTUAL have plummeted over 13%, while FET and INJ fell 9% and 11%, respectively. In contrast, TAO remained stable. Even tech giants like NVIDIA and OpenAI are under scrutiny.
This situation is prompting uncertainty in AI crypto markets as doubts escalate about the sustainability of AI projects and their reliance on heavy funding for dominance.
