On-chain analyst ZachXBT has warned about the rise of AI Tokens, calling the majority of them “scams.”
AI agents remain mainstream, a common narrative in the crypto industry that emerged in late 2024 and continues to play an important role in the sector.
ZachXBT Criticizes AI Tokens
In a recent post on X (formerly Twitter), ZachXBT criticized AI agents, claiming that most of these projects are scams.
“99% of them [token AI] is a scam, and AI packages are worse than previous trends, frankly. Because at least Coin memes promise nothing, while AI Tokens’ fake attempts to make unwary buyers believe are legitimate,” he said. speak.
This critique came in response to a question from Justin Taylor, another commentator in the cryptocurrency space, who questioned the need for Tokens for AI agents. Article by Taylor highlighted Similarities between the current AI agent hype and previous trends such as Web3 games with too many Tokens. Taylor also said that previous projects often used Tokens as a marketing tool, causing damage to investors.
ZachXBT’s perspective is consistent with results from a recent survey of Solana ecosystem founders, which found widespread skepticism about the usefulness of AI agents. According to a report by TinTucBitcoin, most Solana developers think AI agents are overhyped.
“Focusing on agent AI distracts from the main innovation of blockchain. They are more like a trick than a necessity in this space,” commented one survey participant.
This view matches ZachXBT’s concerns about the inflated promise of AI Tokens. However, not everyone in the cryptocurrency field shares this negative ideology. Haseeb Qureshi, founder of Dragonfly Capital, has predicted that by 2025, agent AI adoption will increase sharply. He believes these agents will optimize tasks such as trading, data aggregation, and governance voting, making them indispensable in decentralized ecosystems.
Furthermore, a recent analysis from TinTucBitcoin of the top cryptocurrency trends for 2024 highlighted AI agents as a key driver of innovation. Experts predict that by next year, AI agents could process more than 80% of blockchain transactions, transforming industries like DeFi, NFTs, and supply chain management. These Optimistic Predictions indicate that despite scams, the underlying technology has transformative potential.
Meanwhile, the hype surrounding agent AI has had a significant impact on the market. Tokens like VIRTUAL have surged, driven by association with AI agent projects.
According to TinTucBitcoin, VIRTUAL’s price has increased more than 30% in the past few weeks, despite a lack of clarity on the usefulness of the token beyond speculative interest. This mirrors previous speculative bubbles, where market hype overwhelmed real use cases.
