Renowned blockchain investigator ZachXBT has issued a stark warning about AI agent tokens, declaring that the vast majority are fraudulent schemes targeting unsuspecting investors.
In a recent X (formerly Twitter) post, ZachXBT criticized the growing trend of AI agent tokens, stating that "99% of it are a scam." He noted that these projects could be more dangerous than previous crypto trends since they actively attempt to appear legitimate while lacking real utility.
The warning came after cryptocurrency commentator Justin Taylor questioned whether AI agents truly need tokens to function. Taylor drew parallels between the current AI token hype and previous over-tokenized Web3 gaming projects that ultimately harmed investors.
ZachXBT's assessment matches recent feedback from Solana ecosystem developers, who largely view AI agents as overhyped. Many developers believe the focus on AI agents diverts attention from fundamental blockchain development.
However, some industry leaders maintain an optimistic outlook. Dragonfly Capital founder Haseeb Qureshi predicts widespread AI agent adoption by 2025, particularly for trading, data analysis, and governance voting in decentralized systems.
The market has already shown strong reactions to AI-related projects. The token VIRTUAL recently experienced a 30% price increase despite questions about its practical applications, highlighting the speculative nature of the current AI agent trend.
As the debate continues, ZachXBT's warning serves as a reminder for investors to exercise caution and conduct thorough research before participating in AI agent token projects.