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The AI narrative that vanished overnight
Yesterday's GAS surge had traders buzzing—finally, an AI altseason comeback was materializing. Market sentiment switched from bearish to euphoric in hours. The energy felt different.
Then came today.
A complete flip. BagsApp tokens got hammered, GAS nosedived from $60M market cap straight down to $14M, wiping out most of the gains. Crypto Twitter's tone shifted from hopeful to ruthless—the usual rhythm of hype and reality colliding.
It's a reminder how fragile momentum can be. One catalyst fires people up, the next moment liquidity dries up and positions get liquidated. The AI theme had legs for exactly 24 hours. No more, no less.