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AI agent tokens outlook: struggle continues as CZ shifts narrative to animal-inspired memes

Changpeng Zhao

Digital coins display resilience after the latest United States inflation report, which triggered fear in the financial sector.

However, the case differed for AI agent coins, which have suffered significant bearishness in the past month.

Crypto AI agent’s market cap has plunged from $20 billion to $7 billion at press time, signaling a massive retreat within a month.

The downside continued within the past day as the sector lost over 5% in value.

Source – Coingecko

Furthermore, the category is witnessing reduced participation as hype fades.

With Binance’s former CEO Changpeng Zhao shifting the narrative to animal-themed tokens, the AI agent’s market appears poised for more pain.

CZ’s pet dog ignites meme crypto craze

Changpeng Zhao revealed that he owns a dog on Wednesday.

The revelation generated a buzz as enthusiasts demanded the pet’s name.

After evaluating the comments, CZ confirmed that he would post the dog’s photo on Thursday.

Source – X

Meanwhile, players capitalized on the three-hour timeframe to guess the name and launch several “CZ dog” coins, including PERRY, BROWNIE, and CLEO.

The new altcoin hit million-dollar market capitalizations, highlighting substantial demand.

However, the tokens tumbled when CZ revealed Broccoli as the actual name of his pet.