Token prices continue to fall, hitting a 4-month low

Token spending price index further fell to 1.4288, continuing the downward trend since late May and hitting a new low since early March, indicating a continued slowdown in AI companies' spending. The index has fallen 31% from its year-to-date high, but still retains about a 15% increase compared to the end of last year. Note: Selling tokens is currently an important source of monetization for the AI industry, and their price is one of the signals measuring the current supply and demand of computing power. If token prices remain high, cloud service providers are motivated to purchase more GPUs, DRAM memory, and expand data centers. Conversely, one should be wary of AI companies "consuming less," which could serve as a leading indicator for the end of the current hardware boom cycle. Token price data comes from top global AI models such as OpenAI, Anthropic, and DeepSeek.