AI tokens such as FET, AGIX, OCEAN, and ARKM have managed to defy the market sell-off and have seen significant surges in their prices. Over the past 24 hours, FET has experienced a 20% increase, currently trading at $1.69. OCEAN has also shown a positive trend with a 15% increase, currently priced at $0.68. AGIX has seen a similar surge of around 15.5%, trading at approximately $0.68. Additionally, ARKM, the native token of the AI-driven blockchain analytics platform Arkham, has witnessed a 16% surge, now trading at around $2.
The recent price increases in these AI tokens can be attributed to the announcement from the Artificial Superintelligence Alliance, which includes SingularityNET, Fetch.ai, and Ocean Protocol, regarding their ASI token merger, set to take place on July 1. The merger was initially scheduled for July 15 but was postponed.
Interestingly, the surge in AI tokens comes at a time when the market experienced a correction following the news of Mt. Gox planning to repay its creditors $9 billion in July. Mt. Gox has previously triggered market sell-offs, such as last month when Bitcoin’s price briefly dipped after Arkham’s data revealed a large transfer of BTC associated with Mt. Gox. Bitcoin’s price dropped below $59,000 but has since recovered to over $61,000, although it remains down by more than 2% in the last 24 hours and nearly 11% for the month.