Elon Musk Sparks AGI Frenzy as Decentralized AI Tokens Climb 7%
Elon Musk's claim that Tesla could be the first company to achieve Artificial General Intelligence (AGI) sent Decentralized AI (DeAI) tokens surging up to 7.4% within 24 hours. The post reignited speculative demand across blockchain-based AI infrastructure tokens, lifting trading volumes across the category. Why it matters: AGI narrative cycles historically drive short-term capital rotation into DeAI and tokenized compute projects Elevated volume across the AI-token basket signals active sector repositioning, not isolated price moves Musk's reach on X (Twitter) amplifies retail momentum faster than most market catalysts The details: Bittensor (TAO) and Virtuals Protocol each climbed 7.4% in the 24 hours after the post Internet Computer (ICP) rose 6.4% and Kite added 6.6% over the same window Artificial Superintelligence Alliance (FET) posted a smaller gain of 4.7% Musk's post on X drew immediate engagement, including a reply thread from entrepreneur Simon Squibb Not all AI-linked tokens moved higher, as performance across the broader category was mixed The big picture: DeAI tokens covering decentralized compute, agent economies, and tokenized intelligence networks have traded closely with AGI-related news cycles throughout 2024–2025 Tesla's robotics and autonomous AI divisions give Musk's AGI claims more structural credibility than social media speculation alone The broader AI token category on CoinGecko tracks dozens of projects, making selective rotation a key indicator of conviction within the sector Read original story Elon Musk Sparks AGI Frenzy as Decentralized AI Tokens Climb 7% by Lockridge Okoth at beincrypto.com
