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: