Trader Eugene stated on his personal channel that his attempt to go long on AI-related tokens has failed, and he has tactically retreated, currently maintaining a wait-and-see approach with no positions. He candidly admitted, "Every time I try to trade in this range, the market punishes me, so it's better to watch calmly for now."
In previous news, Eugene said he had tried buying small positions of AI-related tokens. He believed some altcoins showed signs of recovery in their long-term charts and mentioned that the tokens he was watching included AI16Z, WLD, VIRTUAL and ARC. His main logic for choosing the AI track was that after a significant pullback, AI proxy related tokens naturally bottomed out; also the upcoming Nvidia GTC conference could potentially catalyze the market. However, as market trends did not develop as expected, Eugene decided to withdraw from these positions.