The combined market cap of AI agents has tumbled over 11% in the past 24 hours due to the emergence of DeepSeek, a Chinese LLM model. Over the past few days, it has gained traction due to its lower running costs and higher benchmarks compared to models from OpenAI and Google.
Per CoinGecko, the market cap of AI agent crypto coins is down across the board, hovering around $10 billion, down from $12 billion just a few days ago.
While we wait for the market to correct itself and AI’s recent grip on the crypto industry to wane, investor interest seems to be returning to meme coins. One in particular, Sudeng ($ HIPPO), has spiked nearly 10% overnight.
When prices are down across the board you have to look at other project metrics$HIPPO continues to work hard with 300k registered users on HIPHOP and endorsed by the $SUI founder.
We are at a resting bull inside of a larger bull market, don't quit before the fun begins 🦛
— dubzy (@dubzyxbt) January 28, 2025
Sudeng ($HIPPO): Cute Cuddly Hippo On SUI Chain Is Taking Off
One of the better-performing meme coins over the last week is Sudeng (HIPPO) on the Sui chain. It is the leading meme coin on the Layer-1 chain, with a market cap of around $70 million. Not only has HIPPO seen a spike in price, but its trading volume has gone insane too.
In the past 24 hours alone, HIPPO has processed over $33 million in trading volume. Considering that Sudeng is only available on KuCoin, MEXC and Gate.io (all generally considered b-tier exchanges), this high volume paints a bullish picture for the cute HIPPO.
Rumours within the community are swirling that Sudeng is being bought up in droves by a top-tier exchange and will be listed on either Binance or Coinbase in short order.
At the height of the Sui szn back in November 2024, $HIPPO hit an all-time high of $0.025, which equated to $250 million by market cap.
With Sudeng being the leading meme coin on Sui and the team continuing to add utility for its holders, a 3.5x return is on the cards in order to re-visit those all-time high levels and a climb toward $0.05 and beyond.
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Telegram Trading Bot And $1 Million Airdrop Two BIG Reasons For The $HIPPO Pump
BOOM 💥
Over 300k signed up.
290k connected wallets.
1.8m tasks completed.
Yeah, @hiphopdotfun is gonna be huge!You're still early: https://t.co/XxwjBnPPKi
There's $1m $HIPPO being airdropped. 🦛 https://t.co/WM70Y6icZ9 pic.twitter.com/j3fX6oUX70— Hippo_CTO (@hippo_cto) January 26, 2025
Since the beginning of the year, the Sudeng team have been working hard in the background. On January 21, the devs launched ‘HIPPObot’ , a telegram trading bot for Sui meme tokens.
50% of all revenue generated in the first month will go towards the buy back and burn of $HIPPO, increasing both the buy pressure and scarcity for the token.
They then released HipHop.fun, a pump.fun clone for the Sui chain whereby users can launch meme coins with the click of a button.
Not stopping there, four days later on January 25, in collaboration with MemeFi, a Telegram gaming platform on Sui, the Sudeng team announced a one million dollar airdrop of $HIPPO tokens.
The airdrop is available to anyone choosing to participate in a quest on the MemeFi platform that requires users to complete tasks in order to earn points. At the end of the campaign, the points will be converted into an airdrop of $HIPPO tokens for eligible users.
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