The Token spending price index recently fell to 1.0775, marking a continuous decline since reaching a high of 2.0651 on May 28th. From the late May peak to August 12th, the cumulative drop over two and a half months is nearly 47.8%. The current index has fallen below the 2025 end-of-year level of 1.2446, hitting a new low for 2026, indicating that AI computing power pricing has fallen back to the low end of this capacity expansion cycle.
Note: Selling tokens is currently a crucial source of monetization for the AI industry, and its price is one of the signals gauging the current supply and demand situation for computing power. If token prices remain high, cloud service providers will be motivated to purchase more GPUs and DRAM memory and expand data centers; conversely, a decline could indicate a "consumption downgrade" by AI companies, becoming a leading indicator of the end of this hardware boom cycle. Token price data is sourced from top global AI models such as OpenAI, Anthropic, and DeepSeek.
