Lessons from a $20M AI Token Wipeout
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The massive AI token loss on Base underscores a key principle: don’t put all your eggs in one speculative basket.
The whale concentrated $23 million across six AI agent tokens. When sentiment shifted, every position collapsed, leaving nearly total losses. Tokens like NFTXBT and POLY fell over 98%.
Experts warn that projects built purely on AI hype without technical backing are most at risk. Meanwhile, investors should focus on real utility, liquidity, and risk management rather than chasing narratives.
This episode is a cautionary tale: crypto hype can make fortunes — but it can just as easily erase them in days.