Foreign media reports that the AI-related token Humanity (H) rose to a record high of $0.6612 on June 1st. In contrast, Bitcoin fell back to around $73,000 during the same period, indicating a continued correction in the overall crypto market.
H's single-day increase exceeded 70%.
According to CoinGecko data, Humanity has surged 70.1% in the past 24 hours and has risen 241.8% cumulatively over the past month. The article describes this surge as a counter-trend rally, as most mainstream crypto assets are still in a pullback phase.
The article mentions that Humanity has been categorized as an AI-related token. As AI continues to receive attention, related crypto projects are finding it easier to secure funding and traffic support, which is considered one of the reasons for its short-term surge.
AI-driven narratives and social media buzz drive up prices
The article argues that, in addition to the AI concept itself, the heated discussions on social media platforms may also have amplified the price surge. Market participants, fearing they might miss out on the upward trend, often rush in within a short period, further driving up price volatility.
Foreign media outlets did not provide more specific fundamental catalysts, instead attributing the recent rally more to thematic preferences and market sentiment. In other words, this rally is currently driven more by narrative and public attention than by clear business developments.
Bitcoin pullback creates background pressure
The article also points out that Bitcoin recently dipped to the $73,000 level and has yet to recover momentum from its previous decline. The assessment is that inflationary pressures, macroeconomic concerns, and geopolitical tensions continue to suppress the broader crypto market performance.
Against this backdrop, foreign media believe that Humanity's strong performance may not be able to decouple from the overall market in the long run. If the overall market continues to weaken, the independent rise of AI concept tokens may also face downward pressure.
