AI Coins Lead Altcoin Resurgence

Tokens such as AI16z and VIRTUAL are up more than 90% over the last week.

After an intense multi-month pullback, AI agent tokens are some of the strongest performers in the altcoin market this week.

The move is led by previous category leaders like VIRTUAL and AI16z, but other tokens such as Alchemist AI (ALCH) have also rallied strongly off their lows as excitement around the sector begins to ramp up again.

VIRTUAL is up 125% over the last week, and is trading at $1.44, a 235% increase off its $0.43 low. Meanwhile, AI16z is up 92% over the last week, and is 200% off its $0.1 low.

ALCH front ran the move, and is down 3% over the last week but up 134% over the last 30 days, hitting a new all-time high of $0.22 on April 24. ALCH is up more than 10x from its Feb. 24 bottom of $0.015.

Meanwhile, VIRTUAL is still 71% below its all-time high of $5, and AI16z languishes 87% under its $2.34 all-time high. The Virtuals Protocol maintains the highest valuation in the AI agent sector, with a $900 million market capitalization and $1.4 billion fully diluted valuation.

The Virtuals Protocol ecosystem is also seeing renewed signs of life. Daily active wallets trading agent tokens reached nearly 22,000 on April 22, its highest level since February, and the ecosystem’s DEX volumes eclipsed $20 million, also for the first time since February.