AI agent crypto token crashes, founder declares project dead

A cryptocurrency tied to an 'AI agent' concept—basically a token that hyped up an autonomous AI bot doing things on the blockchain—once reached a paper valuation of $2.4 billion. Now the founder has publicly said the project is over, and the token's value has collapsed.

This is a reminder that a lot of 'AI plus crypto' hype tokens are speculative bets on a narrative, not on working products—when the hype fades, so does the price, often to near zero.

If you don't hold this specific token, there's nothing to do here. If you do, know that 'founder says it's dead' usually means the project isn't coming back, so treat any remaining value as gone rather than waiting for a recovery.