Are the popular AI Agent Tokens represented by AI16Z and Swarms value coins or MeMe coins? The answer is MeMe coin. If something sounds like a duck, looks like a duck, and walks like a duck, then it is a duck. AI Agent Token and Meme Coin share a common holding address profile, a common KOL propagation path, and a common narrative economic driving force. So, AI Agent Token is just a subset of MeMe coin. Of course, the limitations of this definition are limited to the current stage. However, after personally testing some AI Agent technology stacks/AI Agent As a Service service platform, my personal feeling is that AI Agents as tools are difficult to standardize and industrialize, while autonomous AI Agents as subjects are still in the stage of science fiction imagination. Due to the high volatility, negative correlation with mainstream assets, and large maximum drawdown rate of AI Agent Tokens with meme coin attributes, they are not suitable for long-term holding as Alpha assets. So, realizing that the Meme super cycle was coming to an end, I cut all AI Agent positions in mid February and instead allocated more time and resources to VC incubated high financing+luxury team AI projects, such as Sahara AI. There are two reasons: One is to emulate Dalio's all-weather investment rule, participating in Sahara AI's Season 2 data annotation activity and Siwa testing network activity at this time is equivalent to buying a call AI x Crypto track option with a maturity of 25 years Q4/26 years Q1, and the option premium is only the time cost and opportunity cost, both of which are infinitely close to zero in value during market downturns; Secondly, after the end of the Meme super cycle, which left a mess everywhere, the cryptocurrency market needs to rebuild order and value. Sahara AI, which is committed to building AI infrastructure (Season 2 of Sahara AI data service platform has 2.2 million registered candidates, 100000 contributors, and about 1.94 million approved data points, making it the world's largest decentralized AI data service platform), and has a grand narrative that is difficult to falsify in the short term (democratizing AI), will become a pig in the trend of the times and a phenomenal fat pig in this process. above.