Alaya AI Token Skyrockets: Is This a Sustainable Surge or Just Hype?

The Alaya AI token ($AGT) experienced an explosive first day on the market, soaring 47% in value. This surge has ignited buzz and questions about whether this is simply short-lived hype or a sign of lasting momentum for this Web3 project. The coin launched on May 16, 2025, through Binance Wallet’s private Token Generation Event (TGE). Within hours, it surged to $0.02051 from its initial price of $0.01366, generating over $58 million in trading volume. This impressive performance has propelled Alaya AI’s market capitalization to $28.71 million, and the project continues to attract significant attention on various exchanges like Binance Wallet, MEXC, and LBank.