AI Tokens Take Over Crypto Market-Worldcoin and Korean Traders to Blame!

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In a most unforeseen and rather jolly turn of events, AI tokens have galloped ahead, leaving the rest of the crypto circus choking on their dust this September. A parade of optimistic headlines has sent prices aflutter, much to the delight of speculators and the despair of common sense. 🤡

Herein, we delve with all due gravitas into the curious reasons behind this sudden AI token jubilation.

AI Token Market Cap Makes a Triumphant Return Thanks to That Rascal, Worldcoin

According to the ever-reliable CoinMarketCap (because who else would bother?), the AI sector’s market cap has jumped nearly 11% this past week, cheekily reaching $33.9 billion. Trading volume, showing off no less, ballooned by over 120% to a staggering $8.8 billion.

Market Cap Chart

Behold the chart: after several days of utterly boring sideways shuffling, the market woke up on September 7. What inspired this pep?

Worldcoin (WLD), the enfant terrible of crypto, crossed above the $1 mark, flaunting a new device: anonymous multi-party computation, sprinkled liberally with academic prestige. Naturally, this set tongues wagging and wallets opening.

The very next day, Eightco Holdings revealed a $250 million corporate treasury strategy centered on Worldcoin, as if one bit of grandiosity weren’t enough. Not to be outdone, BitMine threw $20 million into Eightco like confetti at a particularly dull wedding.

Consequently, WLD soared like Icarus, a flamboyant 130% higher in September, peaking at a tidy $2.

Strictly speaking, CoinMarketCap does not yet deem Worldcoin worthy of the AI sector, but investors, ever fond of a good story, lump it in because its founder Sam Altman whispers sweet nothings in AI’s ear and happens to be a billionaire.

Artemis, presumably less pedantic, includes WLD in the AI fold, crowning AI tokens as the top performers this September.

AI Sector Performance Chart

Not to be outshone, other AI tokens – ARKM, KAITO, ATH, VIRTUAL, and the enigmatic ai16z – strutted about with an average 30% gain in the past week. Bravo, chaps.

The Infectious Buzz Boosts Other AI Tokens, or Coincidence? You Decide.

Whether by design, fate, or pure coincidence, other AI tokens basked in September’s bullish glow, drawing curious eyes and twitchy fingers to the buy button.

OpenLedger (OPEN) enjoyed a 135% spree after being properly introduced on Binance. Meanwhile, Coinbase and Upbit conspired to list FLOCK, which promptly rocketed over 200% to a new all-time high-because why not?

FLOCK Token Chart

Korean traders appear to be the mischief-makers behind much of this cheer. For KAITO, about a third of trading volume hails from Upbit. FLOCK is even more entrenched, with Upbit moving over 36% of its trade.

The esteemed Korea Blockchain Week, scheduled from September 22 to 28 in Seoul, with its laser focus on AI, has offered ample excuse for local enthusiasm to reach fever pitch.

Moreover, a certain twitter personality, rb3k, has spotted a curious pattern worthy of a Sherlockian eye: tokens basking in recent glory belong to the Base blockchain, following a neat routine-first flirting with Coinbase, then settling down on Upbit.

“From what I can see so far, the only Base coins on Upbit with KRW pairs are KAITO, VIRTUAL, FLOCK, and AERO. They’ve already pumped insane volume on the first three… wonder if they go for $AERO at some point,” mused rb3k, ever the oracle.

So, Worldcoin’s meteoric rise coupled with the passionate Korean traders have enthusiastically propelled the AI token parade this September.

And lest one assume this is mere whimsy, the sector-wide rally suggests retail investors are finally stirring from their two-month stupor, during which altcoins lingered like forgotten cocktails, with total market capitalization hovering around $1 trillion. Cheers to the comeback! 🍸

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2025-09-09 13:02