🚀 Week in AI: Sector Plunges as Bitcoin Continues Takeover. AI tokens crash 18%, shedding $5.5B! BTC dominance hits 64.9%! Virtuals Protocol leads losses (-28%)! BID surges +43%! FET buyback goes live! Let’s break down this brutal week for AI tokens. 🧵 1/6

📉 Market Overview: The AI sector lost $5.5B this week (-18.3%), marking one of its worst weeks since 2021. BTC briefly dipped below $100K before bouncing, as its dominance hit 64.9%. Fear & Greed Index fell to 37, back in fear territory. 2/6

📊 Sector Positioning: Despite the plunge, AI wasn't the worst-performing sector, ranking 7th worst of 24 tracked by Artemis. The data availability sector fell harder (-17.7%). Still, chart structures for major AI tokens remain bearish. 3/6

💰 SparkChain Raises $10.8M: SparkChain AI raised $10.8M (led by OakStone Ventures) to scale its Solana-based DePIN compute network. Focus: real-time AI processing + new infra partnerships. Despite market woes, builders keep building. 4/6

🪙 FET Buyback + AEON Integration: Fetch(.)ai announced a $50M FET buyback to support ASI1 rollout and strengthen utility. AEON enabled Web3 payments on Bybit, unlocking crypto spending across 20M merchants + 10,000 brands. 5/6

💡 Key Takeaways: 🔹 Track BID and FET, one pumped, one’s buying back. 🔹 Watch SparkChain’s DePIN scaling post-raise. 🔹 AEON x Bybit integration may set UX benchmarks. Stay informed, stay ahead: 6/6

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