Welcome Bankless Nation to the AI roll-up where we stay up to speed with the

emerging trends and developments in the crypto AI space. I'm David Hoffman here with my co-host

Ejaz. Ejaz, how you doing my man? What's up man? You haven't heard. It's a bloodbath out here, David.

Oh, I know. I am well aware. Yeah, no. It's a bloodbath out here, David. Oh, I know.

I am well aware.

Yeah, no.

It's time to pack it in.

This is actually the final episode of it.

This is the last one.

We're wrapping up shop.

I'm kidding.

Fair weather fans.

Yeah, it is, the markets are crazy. And I think we're probably at or near the end of this short-term dip.

And you know, don't crucify me if this isn't true.

But let's look at the latest dashboard on cookie.fund, David.

What are we seeing here, basically?

Essentially, we're seeing quite a bit of capitulation from some of these tokens all-time highs. I think the market cap is sitting

at, what is it, roughly, like, 8 billion right now? 7.5 billion. So what was it at its peak when

we were doing the episode like 5? At its peak, it was about 20. No, 20.5, I believe. Yeah,

it just worked to 20.5. And now we're sitting at less than half of that. So a pretty crazy retrace. I saw a tweet somewhere where it said on average some of these AI coins basically retraced about 60 to 70 percent, which to put things into context, it's not abnormal to see 20 to 30% corrections during

a bull market.

And things like Bitcoin and ETH and stuff.

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