A certain AI concept token has played out an absurd drama: it went from being ignored to soaring to $60 million in just 3 days, then fell back to the starting point. From zero to the peak, and then from the peak back to zero. This kind of operation is really "healthy."

Stories like this are common in the crypto world. The AI hype is blowing through, with various projects jumping on the bandwagon, but the tricks of concentrated chips, weak liquidity, and market manipulators cutting leeks are still being played out. The 72-hour price fluctuation is enough to wipe out those chasing the high.

The question is: what does this extreme volatility reflect? Is it market speculation frenzy, or a carefully designed trap by project teams? When a token can go from zero to a $60 million market cap in a few days, there are usually opaque forces behind it. By the time retail investors realize the opportunity and rush in, the trap has already been set.

For investors, this case is a living textbook: it's correct to be optimistic about AI concepts, but beware of tokens that appear out of nowhere, lack liquidity, and have no real application support. The market will always have new hotspots, but the cost of chasing risks often isn't worth it.