AI coins like HOLLY, PROMPT, and DSYNC have seen notable Smart Money accumulation in recent weeks. Over the past few weeks, these three projects have stood out in on-chain activity.
Specifically, HOLLY brings visual storytelling to blockchain, PROMPT powers AI interactions across chains, and DSYNC focuses on AI and DePIN infrastructure. Despite contract risks flagged by GoPlus Security, these AI coins show rising adoption, strong trading activity, and expanding holder bases.
h011yw00d by Virtuals (HOLLY)
HOLLY, short for h011yw00d, is an AI-powered cinematic agent that turns internet conversations into short visual films. Unlike traditional formats, it tells stories without dialogue or captions, using only visuals to express emotion and narrative. As a result, the project offers a new way to interpret online interactions through AI filmmaking.
The team launched HOLLY four days ago on the Base chain. Since then, it has reached a market cap of $1.2 million and gathered over 48,000 holders.
Smart Money Holders and Total Balance for HOLLY. Source: Nansen.
According to Nansen, the number of Smart Money wallets holding HOLLY increased from 5 to 10 since April 18. Together, these wallets now hold around 13.4 million tokens. Additionally, the team launched the token via the Virtuals Protocol platform, one of the biggest players in the crypto AI agents space.
One of HOLLY’s top holders uses a wallet that Nansen, an on-chain analytics platform, labeled as linked to LongHash Ventures. Meanwhile, GoPlus Security, a crypto security firm, points out two key risks: the team can modify HOLLY’s tax, and they didn’t renounce ownership—both important factors for traders to monitor.
PROMPT
PROMPT is the native token of Wayfinder, an omni-chain tool designed to enable AI systems to operate across blockchain environments.
Wayfinder aims to create new methods for machine intelligence to interact with decentralized networks, facilitating more advanced on-chain AI integrations. PROMPT serves as the core asset within this ecosystem, supporting the platform’s operations and functionality.
Smart Money Holders and Total Balance for PROMPT. Source: Nansen.
Between April 9 and April 14, Smart Money wallets holding PROMPT jumped from zero to 20. That number has stayed the same for the past eight days.
PROMPT runs on the Ethereum blockchain. It has around 5,600 holders, a market cap of $53 million, and a daily trading volume of $706,000.
GoPlus Security flagged two risks. The team didn’t renounce ownership, and the contract allows new tokens to be minted. That could increase supply and push the price down.
Destra Network (DSYNC)
Among emerging AI coins, Destra Network positions itself as a decentralized solution for DePIN (Decentralized Physical Infrastructure Networks) and AI computing, aiming to streamline access to these technologies through a unified platform.
Currently, DSYNC has a market cap of $140 million and is held by over 48,000 wallets.
Smart Money Holders and Total Balance for DSYNC. Source: Nansen.
Since April 1, the number of Smart Money wallets holding DSYNC has grown from 41 to 44, and the token has seen a price increase of more than 13% in the past 24 hours. Over the same period, its trading volume reached $455,000.
According to GoPlus Security, DSYNC has two points of caution: the contract’s tax settings can be modified, and the token’s ownership has not been renounced—factors that could pose risks depending on future changes to the contract.
Over 50% of all cryptocurrencies ever launched since 2021 are now defunct. An even more alarming trend is emerging in 2025, where the percentage of failed tokens launched this year has reached the same level in just the first five months.
That percentage will naturally rise with more than half of the year left. Representatives from Binance and Dune Analytics told BeInCrypto that these failures are just another reminder of the need to launch viable projects, backed by solid tokenomics and a robust community.
Ghost Tokens Skyrocket
A recent CoinGecko report revealed some jaw-dropping data. Of the approximately 7 million cryptocurrencies listed on GeckoTerminal since 2021, 3.7 million have subsequently died.
Several factors are considered when evaluating whether a coin has reached its end.
“A coin is classified as ‘dead’ when it loses all utility, liquidity, and community engagement. Key indicators include near-zero trading volume, abandoned development (no GitHub commits for 6+ months), and a price drop of 99%+ from its all-time high. Teams often vanish without warning—social media accounts go dormant, domains expire,” Alsie Liu, Content Manager at Dune Analytics, told BeInCrypto.
Half of all tokens launched since 2021 have died. Source: CoinGecko.
A significant 53% of listed cryptocurrencies have failed, with most collapses concentrated in 2024 and 2025. Notably, the over 1.82 million tokens already stopped trading in 2025 significantly outpaced the approximately 1.38 million failures recorded throughout 2024.
With seven months out of the year ahead, this trend of increasing failures in the current year will continue to grow.
CoinGecko specifically suggested a potential link between economic concerns like tariffs and recession fears, noting a surge in meme coin launches after a certain election, with subsequent market volatility likely contributing to their decline.
However, not all responsibility can be placed on a greater economic downturn. Other aspects can contribute to these project failures.
“Common factors include inability to find product market fit leading to negligible interest from users or investors, or project teams that focus too much on short-term speculation with no long-term roadmap, and sometimes abandonment by developers (rug pulls). Broader issues like fraudulent intentions, weak user traction, novelty-driven hype, financial shortfalls, poor execution, strong competition, or security failures also contribute to project failure,” a Binance spokesperson told BeInCrypto.
The rapid rise in ghost tokens also came with the exponential launch of projects en masse, particularly since the start of 2024.
Analyzing the Life-Death Ratio
Last year was novel in its own right following the proliferation of meme coins. This new narrative emerged particularly after the launch of Pump.fun, a Solana platform that allows anyone to launch a token at a minimal cost.
According to CoinGecko data, 3 million new tokens were listed on CoinGecko in 2024 alone. Half of these projects died, but the other half survived. However, the situation in 2025 appears less stable.
The difference between token launches and failures in 2025 is minimal. Source: CoinGecko.
While the number of new token launches remains high, the number of failures is nearly equivalent, with launches only marginally exceeding deaths by about a thousand.
“Ecosystems with low barriers to token creation see the highest number of ghost coins. In general, platforms that make it very easy and cheap to launch new tokens see the most abandoned coins. During this cycle, Solana’s meme coin surge (e.g., via token launchpads like Pump.fun) drove a flood of new tokens, many of which lost user traction and daily activity once initial hype faded,” Binance’s spokesperson explained.
As of March 5, the meme coin market capitalization had sharply decreased to $54 billion, marking a 56.8% drop from its peak of $125 billion on December 5, 2024. This downturn was accompanied by a significant decrease in trading activity, with volumes falling by 26.2% in the preceding month alone.
Certain token categories have been hit harder than others.
Music and Video Tokens Among the Hardest-Hit Categories
A 2024 BitKE report indicated that video and music were prominent categories with many failed cryptocurrency projects, reaching a 75% failure rate. This outsized percentage suggests that niche-focused crypto ventures often face challenges in achieving long-term viability.
“These niches face adoption and utility gaps. Music tokens struggle to compete with Spotify/YouTube, while ‘listen-to-earn’ models often lack demand. As more mainstream celebrities get into the space without knowing much about blockchain technology, tokens have become the new cash-grab business,” Liu explained.
Binance’s spokesperson noted that legal and technical hurdles, such as music licensing and the significant resources needed for video delivery, complicated the scaling of decentralized alternatives.
They further explained that many projects struggled to remain sustainable without substantial user adoption or strong network effects.
“This highlights that a good concept alone is not enough; crypto projects must also compete with entrenched Web2 platforms, navigate complex industry challenges, and deliver real-world utility to succeed. Without aligning with user behavior and market needs, even well-intentioned initiatives risk fading into ghost tokens,” Binance told BeInCrypto.
Despite the discouraging number of failed tokens, this situation offers important insights into building resilient projects that withstand unfavorable market conditions.
What Can We Learn From Catastrophic Token Collapses?
Prospective token creators can learn significant lessons from once-popular projects that ultimately failed. The negative outcomes experienced by these ventures, particularly in severe instances, can motivate the development of new projects responsibly and avoid similar pitfalls.
Binance referred to notorious ghost coin cases BitConnect and OneCoin.
“BitConnect, once a top-10 coin, collapsed in 2018 after being exposed as a Ponzi scheme promising ~1% daily returns. Investors lost nearly $2 billion. OneCoin, raising ~$4 billion, never had a real blockchain and relied on aggressive multi-level marketing before collapsing. Both cases highlight the dangers of projects built on hype, unrealistic promises, and lack of verifiable technology,” Binance’s spokesperson explained.
While concerning, the rising number of ghost coins serves as a crucial reminder that discernible warning signs often precede the downfall of these cryptocurrencies.
These cases underline the necessity of rigorous research, validating underlying principles, and maintaining a cautious perspective, especially when investment gains appear unrealistically high. Prioritizing risk management and sustainable long-term factors should outweigh short-term speculative trading.
Binance particularly highlighted the importance of “Do Your Own Research” (DYOR) when evaluating crypto projects.
“Practically, this means reviewing the whitepaper, assessing whether the project solves a real problem, verifying the team’s credibility, examining tokenomics and supply distribution, and checking community and development activity,” Binance said, adding that “In essence, DYOR is about empowerment and protection. It helps investors identify solid projects and avoid scams or ghost tokens by spotting red flags early. Given how fast crypto markets move, personal due diligence remains essential for navigating the space safely and successfully.”
Ultimately, the prevalence of ghost tokens highlights a critical truth for crypto participants: thorough research and fundamental value are paramount for identifying lasting projects.
On Tuesday morning, US President Donald Trump announced that a ceasefire between Israel and Iran was now “in effect,” offering relief from days of sustained pressure across global markets.
Following the announcement, major digital assets, including Bitcoin and Ethereum, have seen modest rebounds. As crypto prices increase, attention is turning to US-listed crypto-related equities that may benefit from renewed momentum.
LQWD Technologies (LQWD)
LQWD rose 107% during Monday’s trading session, making it one of the crypto stocks to watch as the market rebounds today.
This three-digit spike followed the company announcement of the grant of 788,000 stock options to its team, signaling internal confidence and long-term commitment. The options, priced at C$3.70 (approximately $2.70 USD) and vesting over 24 months, suggest strategic alignment among executives and stakeholders.
Readings from the LQWD/USD one-day chart show that the stock climbed to an all-time high of $9.34 during Monday’s session. On that day, its Chaikin Money Flow (CMF) also rose to a high of 0.76, confirming the high demand for the stock.
If demand remains high once trading begins today, LQWD could rally to new price peaks.
On the other hand, if it sees a surge in profit-taking, it could fall to $7.22.
IREN Limited (IREN)
IREN shares are up 2% in pre-market trading on Tuesday, still enjoying momentum following the issuer’s successful closing of a $550 million offering of 3.50% convertible senior notes due 2029.
On the daily chart, IREN’s Relative Strength Index (RSI) is at 65.34 and is in an uptrend, signalling a high demand for the asset.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
IREN’s RSI, at 65.34, confirms the buy-side pressure. If this persists, the stock’s price could climb to $11.72.
However, if demand falls, the stock’s value could fall toward $10.46.
BIGG Digital Assets Inc (BIGG)
BIGG Digital Assets shares are climbing today following the launch of a new PlayStar Casino activation within its immersive virtual platform, the Intraverse, developed by its subsidiary TerraZero Technologies.
The initiative allows users to access the virtual casino directly via mobile or desktop. It generates affiliate revenue for each verified account sign-up and drives organic traffic through upcoming artist-led campaigns and customizable fan experiences.
BIGG closed strongly on Monday, with the stock surging by 4%. If trading volume climbs further once trading resumes today, BIGG could extend its gains and climb toward $0.135.
Ethereum’s price rally in May reignited investor interest in ETH-backed exchange-traded funds (ETFs). During the 31-day period, capital inflows into these investmemt products exceeded $550 million, marking the highest monthly netflow into ETH ETFs since the year began.
While the coin’s price has witnessed a pullback over the past week, technical indicators hint at a possible near-term rebound.
ETH ETFs Log Highest Monthly Inflows of 2025
According to data from SosoValue, ETH spot ETFs recorded a combined inflow of $564.18 million in May, surpassing all previous monthly totals this year.
Total Ethereum Spot ETF Net Inflow. Source: SosoValue
The influx of capital was largely driven by ETH’s strong performance, with the leading altcoin breaking above the critical $2,000 level and attempting to consolidate gains above $2,500 during the month. This renewed bullish sentiment encouraged institutional investors to increase their exposure through spot ETFs and position ahead of a sustained rally in the coin’s price.
Ethereum Prepares for Next Leg Up
Readings from the daily chart show that ETH witnessed a 49% surge between May 8 and May 13, before settling into a consolidation phase that has now formed a bullish pennant pattern.
A bullish pennant pattern is formed when a strong upward price movement (flagpole) is followed by a period of consolidation that resembles a small symmetrical triangle (the pennant). This pattern suggests that buyers are temporarily pausing before continuing the uptrend.
If ETH breaks out of the pennant to the upside, it could trigger a renewed rally that mirrors the initial 49% surge. Such a breakout would confirm continued bullish momentum and attract additional capital inflows.
Moreover, the coin’s funding rate continues to print values above zero, indicating a preference for long positions even amid the ongoing consolidation phase. As of this writing, ETH’s funding rate stands at 0.0046%.
A positive funding rate like this means that long-position holders are paying short-position holders, indicating bullish sentiment and that more traders are betting on price increases.
Ethereum’s Next Move: Can Bulls Push ETH 49% Higher From Here?
ETH currently trades at $2,489, sitting above the lower line of its pennant, which forms support at $2,479. If a bullish breakout occurs, ETH’s price could rally by the flagpole’s length (49%) to trade at $3,907.
