AGIXT Token Surges to $100 Million Market Cap Hours From Launch

One of the newest tokens to attract the hot ball of money flying around the AI agent space is AGIXT.

AGIXT launched on PumpFun on Jan. 16 and surged from its bonding curve price of $75,000 to a $100 million valuation within 5 hours, a 1,300x. The token has retraced since, and is currently changing hands at a $61 million market capitalization.

Josh Throckmorton, known as Josh XT on social media, launched the token to represent his AGIXT project, developed over the last two years as an independent endeavor to further open-sourced AI development in the pursuit of artificial general intelligence, or AGI.

The token skyrocketed off of the launch after traders perused Throckmorton’s Github, which solidified the legitimacy of AGIXT’s codebase.

Throckmorton locked a significant 45% of the token over a two-year vesting period and upon launch he said, “the goal with AGiXT has always been to ensure AGI is open source. Big labs can build this and hide it from everyone for as long as they want basically. I wanted a future where it was accessible, local, and truth seeking for everyone”.