What form will the next wave of AI Agent hype take? Here are some thoughts:

1) The ongoing antics of celebrity coins and various MEME coins will not bring about a major wealth feast; instead, they will drain the remaining liquidity in the market, overdraw the progress and expectations of the bull market. This is because everyone expects presidential coins to be a "certain opportunity," valuing their presidential reputation and the endorsement effect of real-world influence, but the logic is clearly flawed, as demonstrated by Trump.

These types of coins cannot escape the zero-sum game, resulting in only a small portion of people making money while the majority of retail investors are more likely to lose money and exit, exacerbating the structural collapse of the primary and secondary markets. This will shift the balance from a VC-driven builder-centric equilibrium to a pure pump-and-dump bubble model, requiring a long period of post-disaster reconstruction after the chaos.

2) The first wave of AI Agents is represented by the AI MEME craze of $GOAT and $ACT; the second wave is represented by the AI Infra evolution narrative of #ai16z and #Virtual, which has seen the emergence of individual AI applications, framework standards, chain integration, DeFai, and a series of value-segmented tracks; for the third wave, I tend to believe it will break through in a specific segment of AI infra, following a high-threshold value creation path driven by both VC and community.

Although ai16z has brought a wave of market enthusiasm through open-source community innovation as a cultural axis, it has been proven that this wave of AI Agent hype has not shed its MEME essence. A large number of wild web2 developers and hardcore web3 speculative projects have dominated the scene, leading to a short-term surge of AI MEME projects disguised as "value." Therefore, when a simpler and more viral presidential coin MEME like $TRUMP emerged, the AI Infra market was quickly reverted to its original state.

3) Why will it be driven by both VC and community? A purely VC-driven coin would lose the early advantages of community-based MEME issuance, which is clearly not viable, while a purely MEME-driven coin would quickly become a mess due to the schemes of the groups behind it, making the situation even worse.

Only early VC involvement can provide project teams with basic expectations for building innovation, reduce the financing needs of developers during the MEME issuance phase, and simultaneously raise the barriers for the schemes behind it, ultimately leading to a healthy balance of on-chain asset issuance and project empowerment.

It is currently difficult to determine how to grasp such a balance point or in what form similar projects will emerge. However, it is highly likely that DeFi + AI (DeFai) will be a potential breakthrough segment.

This is because AI Agents can autonomously manage and control assets, solving the human rug pull dilemma of traditional DeFi, while AI Agents' autonomous trading decisions will prominently showcase their application capabilities. Most importantly, AI Agents are merely taking on the new front end of DeFi, while the back-end DeFi infrastructure and chain abstraction are already sufficiently developed, allowing for rapid testing of the on-ground value of AI Agents combined with Crypto.

Finally, although the AI Agent sector has temporarily fallen into a slump, after a thorough reshuffling, some projects with excellent developers, mature product-market fit development paths, and reasonable community asset incentive distribution plans will be reborn.

Of course, this is all based on the sustainable inner value of the projected development trends of the sector, as only in this way, during the process of market technological innovation evolution, can we expect a major bull market, allowing most people to seize their respective opportunities.

Once the market deviates from the core of value creation, the concept of a "bull market" may no longer exist, as pure gambling speculation's short-term prosperity is fundamentally unrelated to bull and bear markets.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。