Some time ago, we noted that the only sector gaining among alt-coins was the AI utility sector. We also noted that the action was located on the $BNB chain. That sector is still doing well, and $BNB is still bouncing, but the AI coins bouncing most ... are on $SOL.
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Point 1: BNB AI Agents Are Dominating A quick look at the 7-day mindshare shows that AI coins on $BNB are still dominant. Base AI coins are nowhere to be found. $FARTCOIN is leading the way on $SOL
Point 2: No Regulatory Overhang It's not hard to understand why. $BNB was the "casino" of the last cycle. $SOL only got a chance because of the litigation facing Binance. Now? The SEC has not only dropped further investigation, but CZ might receive a pardon from Trump. This positions $BNB as a potential bounce trade--it might even surpass $SOL.
Point 3: Momentum Trend Holding A quick look at the chart shows that $BNB is holding a trend above its SMA 200. This is much stronger momentum strength than $SOL is showing.
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Point 4: Funding Rate Looks Bullish In the short term, $BNB funding rates are extremely negative. I'm not sure why, but typically, funding rates below -20% signal that there are too many bears and a reversal is in order. But what about specific AI coins?
Point 5: HYPE 3 Actual AI projects on the $BNB chain are hard to predict. $SIREN ranks #1 for 7 day mind-share but #42 for 3 day mind share! On the 3 Day timeframe, $SOL AI coins are winning out. The top moving $SOL coin is Hype3. Frankly, it looks like the latest interaction of a Friend.Tech idea, but built on $SOL with some AI stuff facilitating coin launches. Maybe this version will work?
Point 6: DexCheck or Siren? If you're willing to wait for the attention economy to return to $BNB, the top utility AI coin (by 3-day mindshare) is probably $DCK at the moment. It has a $7m market cap, so it's tiny. $SIREN does something similar, checking coins for viability, rug pull potential, etc., but it also analyses mind-share, making it a sort of Cookie.Fun competitor. $SIREN is a better project, but it's also $50m in market cap.
Concluding Thoughts I've been calling for a bounce for some time. My sense is that the real bounce will transpire after April 2nd, when the market thinks the worst (of potential tariffs) is over. They'll be mistaken, but it's worth trading. $BNB and $SOL both look like strong "casino" plays for that environment. Smaller AI coins will need day-trading levels of attention. As always, DYOR. NFA.
Happy Trading!
-Sebastian Purcell, PhD
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