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Elon Musk Sparks AGI Frenzy as Decentralized AI Tokens Climb 7%

BeInCrypto
Elon Musk's claim about Tesla achieving AGI caused Decentralized AI tokens to surge by up to 7.4% in 24 hours.

Summary

Elon Musk's recent assertion that Tesla could be the first company to achieve Artificial General Intelligence (AGI) triggered a significant rally in Decentralized AI (DeAI) tokens, with some climbing as much as 7.4% within a day. This event reignited speculative interest in blockchain-based AI infrastructure tokens, increasing trading volumes across the category. Historically, AGI narrative cycles cause short-term capital rotation into DeAI and tokenized compute projects. Specific tokens like Bittensor (TAO) and Virtuals Protocol saw 7.4% gains, while Internet Computer (ICP) and Kite also rose. The impact of Musk's posts on X (Twitter) quickly amplifies retail momentum. DeAI tokens, which cover decentralized compute and agent economies, have consistently tracked AGI-related news throughout 2024 and 2025, lending credibility to Musk's claims due to Tesla's established robotics and autonomous AI divisions.

(Source:BeInCrypto)