The day before yesterday, a friend sent me a screenshot of a certain data coin's rapid surge, and immediately started talking about "AI oracle" and "data consensus." Watching his progression from "what is a private key" to "track narrative," I couldn't help but feel a bit uneasy.

I've seen this happen more than once. The same thing happened with Dogecoin that year, and with some other animal tokens. Whenever someone who completely doesn't understand the technology starts enthusiastically explaining track logic, I have to raise a question in my mind.

The story of this wave of coins does sound quite appealing—AI needs trustworthy data to make decisions, financial institutions need compliant gateways to enter the crypto space, and this project is caught in the middle. The logic is internally consistent to perfection. But that's exactly the problem: behind every perfect story, there's an underlying ultimate question—when everyone understands it, where does the money come from?

Let's take a closer look at the data. The official claim is that they handled 2 million AI calls. That sounds like a lot, but when you do the math, it averages about 10,000 calls per day. Compared to the global daily trading volume of hundreds of millions in DeFi queries, can this scale support a valuation of hundreds of billions? When the hype around "AI + Crypto" fades, will this valuation pillar loosen as well?

This isn't to say the project has no prospects, but at this stage, you need to think clearly: are you investing in a real demand, or just playing a relay race game with one of the sticks?