Token price continues to decline, hitting a new low in 4 months

According to Jinshi reports, the Token expenditure price index further dropped to 1.4288, continuing the downward trend since the end of May and setting a new low since early March, indicating that the cash burn rate of AI companies continues to slow down. This indicator has now fallen 31% from its peak this year, but compared to the end of last year, it still retains an increase of about 15%.

Note: The sale of Tokens is currently an important source of monetization for the AI industry, and its price is one of the signals measuring the current supply and demand situation for computing power. If the Token price remains high, cloud service providers will be motivated to purchase more GPUs, DRAM memory, and expand data centers; conversely, they need to be cautious of "consumption downgrade" by AI companies, which could become a leading indicator of the end of this hardware frenzy cycle. Token price data is sourced from top global AI models such as OpenAI, Anthropic, and DeepSeek.