AI meme coins, or digital currencies introduced at the nexus of meme storytelling and artificial intelligence, have performed very well over the past 24 hours. LRTFi/LSDFi categories and AI meme tokens are doing better than the general crypto market dynamics.
AI meme coins rallying: Best performing segment in crypto adds 100% in seven days
The value of the AI meme cryptocurrency category increased by over 15% in the last day, bringing the total seven-day surge to 100%. As a result, in only one week, the value of this contentious segment—which combines the elements of the two most hypnotised storylines of 2023–2024—doubled.
Among the top 250 biggest gainers are Turbo (TURBO) and Corgi AI (CORGIAI), the two flagship cryptocurrencies of the AI meme group. In a single day, CorgiAI (CORGIAI) surged by 29.6% to achieve a market valuation of $750 million, while Turbo (TURBO) added 32.5%.
The meme currency Grok (GROK), which powers the “community of Grok AI enthusiasts,” saw a 6% increase and is currently aiming for a nine-digit valuation for the first time in its existence.
Grok is an AI-powered chatbot for Elon Musk’s social network X, which was once known as Twitter, as previously reported by U.Today. As soon as the project was launched, it attracted interest from the worldwide cryptocurrency community.
Some cryptocurrency traders think Grok might be helpful in the near future while looking for popular cryptocurrencies. Analysts are cautioning, nevertheless, that Grok may make bot issues on X worse.
Liquid staking and restaking narratives gained traction
In addition to AI meme currencies, native coins of decentralised perpetuals trading protocols and assets of staking-related sectors exhibit outstanding performance.
Tokens that enable users to restake their staked assets to generate additional income are known as liquid restaking tokens, and they are quite popular right now: Pendle (PENDLE) increased by over 6% and is now valued at $1 billion. By market capitalization, the asset shot up into the top 100 cryptocurrencies.
The Origin Ether (OETH) and Redacted (BTRFLY) protocols show huge growth in the liquid staking sector, which is thought to be more conservative.
