Despite the volatility, the AI sector is strongly in the green this week, adding $4.1 billion to its market capitalization after gaining 15.5%.
This rally was largely driven by the resurgence of so-called “dino coins,” prominent tokens that were launched last cycle or earlier.
There was a major reshuffling of the top 10 AI tokens this week, with several dino coins leapfrogging newer entrants to secure their spots.
Despite the extraordinary performance of large-cap dino coins, the biggest winners were found among the small caps, including:
Source: Artemis
Several positive updates underpinned the sector’s growth this week.
Below, we recap some of this week’s most significant headlines to bring you up to speed on the latest developments.
>> That’s all we’ve got for now. Check in next week for another dose of AI news, updates, and developments!
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