🚨 AI CRYPTO JUST GOT RESET HARD

AI crypto tokens are down roughly 66% in 2025, erasing about $53B in market value and effectively unwinding most of the 2023–2024 hype phase.

This wasn’t selective. It was broad.

Even the “blue chips” of the AI narrative got hit hard:

Render down ~82% YTD

The Graph down ~82%

Virtuals Protocol down ~73%

What this tells me is simple. The market massively overpaid for narrative before real revenue and adoption could justify valuations. Liquidity dried up, expectations collapsed, and price did what it always does in those conditions.

This doesn’t mean AI is dead. It means the easy phase is over.

From here on, only projects with real usage, sustainable demand, and actual cash flow will matter. Everything else gets priced like a science experiment.

This is how excess gets flushed.

And this is how future leaders are separated from hype.