The Token Spending Price Index fell to 1.6417 last Friday, rebounding from its April low earlier this month before entering a period of consolidation. Overall, it hasn't fully recovered from the downward trend since the end of May, suggesting a slowdown in the cash burn rate of AI companies, but it remains at a relatively high level compared to the end of last year.
-------- Note: Token sales are currently a crucial source of monetization for the AI industry, and their price is one of the signals gauging the current supply and demand of computing power. If token prices remain high, cloud service providers will be incentivized to purchase more GPUs, DRAM, and expand data centers. However, a continued decline could signal a "downgrade" in AI company spending, becoming a leading indicator of the end of this hardware boom cycle. Token price data is sourced from leading global AI models such as OpenAI, Anthropic, and DeepSeek.
