AI Cryptocurrencies Reach $20.7B as Amazon Confirms $50B Investment

AI-linked cryptocurrencies surged on November 24, following Amazon's announcement of a $50 billion investment in AI and supercomputing infrastructure for US federal agencies. The project will include nearly 1.3 gigawatts of high-performance computing capacity across AWS regions.

The investment will enhance access to AWS's AI stack, including SageMaker, Bedrock, Nova, Anthropic Claude, foundation models, and Trainium chips.
US federal agencies will be able to process extensive national security data in real time, supporting autonomous systems, satellite imagery, and scientific research.
AWS CEO Matt Garman highlighted the potential transformation in leveraging supercomputing for critical workloads.

AI Crypto Tokens Rally

The announcement led to a rally in AI crypto tokens, pushing sector capitalization up by 5.2% to $20.7 billion as of November 24.

Crypto AI tokens rally to $20.7 billion on Nov. 24

Cumulative intraday volume reached $3.3 billion, indicating increased liquidity.
NEAR Protocol led gains with a 5.7% increase.
Internet Computer and Render posted 4% gains due to demand for decentralized computing.
Bittensor dropped 2.7% amid profit-taking and miner sell pressure, while several other top AI tokens traded positively.

Best Wallet Presale Update

Amid Amazon's market influence, early-stage AI projects like Best Wallet have gained attention.

Best Wallet presale raised $17.4 million, offering secure storage, staking rewards, and multi-chain access.
The current presale period offers BEST tokens at $0.026 before the next price tier.