For the Love of the Game (Market Commentary) |
A major milestone for AI and crypto arrived over the past week, with Virtuals ACP officially
going live and giving autonomous agents their on-chain rails. If you believe that agents will be the front end for 99% of all applications, websites, businesses, games, and everything in between, then there’s nothing more important to be paying attention
to.
Of course, it wasn’t the only major milestone we saw, as PumpFun’s new PUMP token details leaked yesterday. These are just some of the most noteworthy events across crypto last week leading up to what The House is dubbing as Crypto Week next week with votes expected to come on the GENIUS Act, CLARITY Act, and Anti-CBDC Act.
Once passed, we should resume our journey towards new all-time highs, especially in BTC which Standard Chartered still predicts to reach $200K this year.
It has never been more important to stay plugged in, so let’s get into the biggest happenings over the past week. Virtuals ACP and Governance Go Live The Virtuals ACP went live last week giving the world our first look at the financial rails for autonomous AI agents. - Virtuals is comparing the launch of the ACP to the early days of the internet when Google and
Amazon barely resembled the juggernauts they are today. It’s safe to say that expectations are high for what the ACP could be down the road.
- While agents can work autonomously together in ACP, humans can also use Virtuals agents through the new Butler agent that was revealed last week.
- An Autonomous Hedge Fund and Trading DAO along with an Autonomous Media House are the first two products available in the Virtuals ACP.
- Fixes and updates for ACP are already being rolled out including expired jobs being reflected
properly, success metrics, better plugins, and more.
- Virtuals launched a new governance DAO for Virtual stakers. The first three proposals passed yesterday, establishing a Virtuals Foundation, a growth fund, and a Sniper Defense & Yield strategy.
PumpFun Bonked from the Top The memecoin launchpad wars continue to heat up, and this week the unthinkable happened when LetsBonk dethroned PumpFun as the top launchpad in the world. But PumpFun hit back with details leaking about their token presale coming this weekend. - LetsBonk saw more tokens launched in a 24h period, flipping PumpFun from 13,898 to
13,892.
- PumpFun was also flipped in market share when LetsBonk saw $403M in 24h volume compared to
PumpFun’s $380M on Sunday.
- LetsBonk is a token launchpad that was created by the BONK memecoin community and launched in
April.
- The top token launched from LetsBonk is called USELESS and currently sits at a
$259M market cap.
- Rumors are heating up that PumpFun’s token presale is coming on July 12 - 15 with 150 million tokens out of 1 trillion being sold at a $4B
FDV.
Billions in Bitcoin on the Move A major scare hit crypto this weekend when over $8B worth of BTC was moved from 8 wallets that originated in 2011 and were transferred across multiple wallets. - The original cost of 80,000 BTC was under $210K in 2011, and now at $8.6B represents the largest individual transfer of BTC ever.
- Speculation bubbled up on X with theories that the wallets were compromised, though most now agree
that the owner was simply securing his BTC by holding it in a more modern wallet.
- The major move rekindled fears that quantum computing will cause havoc in crypto with cracked seed phrases.
- Satoshi’s wallet(s), which hold around 1 million BTC across multiple wallets, will be targeted by state-level hackers, with its worth being over $100B today. It’s a race between white hat hackers and bad actors.
The AI market was flat over the past 7d, falling just -0.21% to a $9.38B market cap. Top tokens like FET, FARTCOIN, and VIRTUAL were similarly flat, +0.94%, +1.61%, and -1.67% respectively. - The SWARM and Maneki are teaming up, with The SWARM providing WalletDNA insights into yield
farming. The SWARM was also a guest on an ACP launch show with WachXBT, Athena, and Velvet Unicorn.
- Vader announced that they’re joining the Virtuals ACP with their own agent cluster called the
Virgen Capital ACP Cluster. They’re also bringing back AI agent reviews, but with their own VaderAI agent, and have introduced a new pay-for-yaps system where projects bid for Vader community yapping.
- Virtuals has added a new “Vote Against” option for Virgens voting on who receives 10% of daily
Virtuals points.
- Axelrod reached their first AXR token unlock and has deployed the token to the Wasabi protocol
for margin trading.
- Billy Bets is moving to Base and has also introduced a new rewards program and a 500m token supply
increase.
- Solace, the Virtuals Hackathon 1st place finisher, has big announcements coming today including Spotify
and calendar integrations.
- WachXBT rebrands to WachAI and lays out a vision for their place as a validator in the Virtuals
ACP.
- Luna was once the face of Virtuals as the cute live-streaming AI avatar. On Sunday her team announced a new token called $TOKEN which will be used in the Autonomous Media House.
- Neurobro had two big updates this week, including a new X feed and chat-to-swap feature.
- Pudgy Penguins keep delivering big updates including the release of the 7th episode of Lil Pudgys TV show, and teases of their upcoming Pudgy Party game on Mythos Chain (coming Summer ‘25).
- Big names are talking about NFTs again like Gary Vaynerchuck who said NFTs are a marathon, not a sprint, and
Yat Siu who went on an Apechain NFT buying spree.
- OpenSea announced their acquisition of Rally, a memecoin, crypto, and NFT trading
app.
- FXHash officially launched their new FXH Protocol, bringing fungible tokens called Art Coins to the
art minting experience onchain.
- Moonbirds is the latest OG NFT collection to launch a sticker collection on Telegram, selling out
3,535 NFTs for roughly $166K.
- Azuki announced Studio Azuki, a joint anime studio with COMISMA and Xenotoon. They will develop, produce,
and distribute anime globally.
- Skull of Luci “Tree of the Bankless” sold for $330K, marking another massive Sam Spratt secondary sale
this year, an Alien Nodemonke sold for 1.29 BTC ($141K), and a $250K loan was taken out against a Lost Robbie NFT.
- Beeple announced his latest IRL meetup with CryptoPunks Meetup 2.0 on August
9th.
- K-Pop is coming to Abstract Chain with tripleS collectible
NFTs.
- Doodles is teasing a partnership with Twix.
- NFT sales were flat over the past 7d, coming in at $88.46M.
- Sellers, buyers, and transactions all fell, but sales were propped up by a 34.98% increase in average sales price.
- Trade profits came in at its 3rd lowest level of 2025 at -$15.39M.
ETH NFT Composite - 572.13 (-0.23%)
SOL NFT Composite - 514.41 (+0.73%)
POL NFT Composite - 4.25 (+242.741%)
CAR NFT
Composite - 319.86 (-3.70%) Top Gainers 7d BONK - $0.00002155 (+48.6%)
TIA - $1.58 (+13.4%)
XDC - $0.06532 (+11.9%)
HBAR - $0.1587 (+6.3%)
XLM - $0.2504 (+6.0%)
Top Losers 7d
PI - $0.4566 (-10.5%)
SEI - $0.2581 (-10.0%)
APT - $4.47
(-7.2%)
TON - $2.76 (-6.4%)
JUP - $0.4337 (-5.9%) Virtuals Agents
Predi
Date - July 8
Blockchain - Base
Token - $PREDI
Dessistant
Date - July 9
Blockchain - Base
Token - $DESS VPay
Date - July 14
Blockchain - Base
Token - $VPAY BUY
Date - July 15
Blockchain - Base
Token - $BUY ModelGuard
Date - July 16 Blockchain - Base
Token -
$GUARD Alliewai
Date - July 22
Blockchain -
Base
Token - $AWAI NFTs Pepemons
Date - July 8
Blockchain - Ethereum Price - Free Mosciun
Date - July 8
Blockchain - Solana
Price - 2 SOL Abstractio
Date - July 10
Blockchain -
Abstract
Price - 0.0128 ETH Lamborghini & Wilder World - The
Temerario
Date - July 11
Blockchain - Ethereum
Price - 0.12 ETH |
In AI, tokens are the fundamental units of information that language models process—typically chunks of text like words, subwords, or characters. AI agents are often metered or billed based on the number of tokens they consume, as
each token represents a portion of computational effort. For example, generating or analyzing a long prompt requires more tokens, which affects cost, speed, and context limitations. In agent-based systems, managing token usage efficiently is critical for optimizing performance and keeping operations within budget or system limits. Received this from a friend? Sign up for this CryptoSlam VIP newsletter. |
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