Ask AI (ASKAI) was never a real cryptocurrency. It was a marketing stunt dressed up as the future of AI and blockchain - and it collapsed faster than most people could even buy it.
What Ask AI claimed to be
In early 2023, a wave of AI-themed crypto tokens flooded the market. Investors were chasing anything with the words "artificial intelligence" in the whitepaper. Ask AI jumped on that bandwagon with a simple pitch: buy ASKAI tokens, and you’d get access to AI tools that could help you trade crypto smarter, answer questions, and even make decisions for you.
The website promised "AI-powered analytics," "natural language processing for crypto," and "decentralized AI governance." Sounds impressive? It was all empty words. No working product. No code. No team you could verify. Just a landing page with flashy graphics and a token contract on the Solana blockchain.
How Ask AI actually worked (or didn’t)
Ask AI operated as a token on Solana, not Ethereum like some sources claimed. It had no smart contract innovation. No unique protocol. No API. No AI model. Just a token with a name that sounded like it belonged in a sci-fi movie.
At its peak, around 42 quadrillion ASKAI tokens were in circulation - a number so absurdly large it’s practically meaningless. For context, Bitcoin has 21 million coins. ASKAI had more zeros than most people can count. This wasn’t a design choice - it was a trick to make the price look tiny and "affordable." A single ASKAI token was worth about $0.00000000000008. You needed trillions just to buy a dollar’s worth.
Trading volume? Most exchanges listed it as $0. A few decentralized exchanges showed tiny trades - $30 a day at most - mostly from bots or people trying to dump their holdings. CoinMarketCap, CoinGecko, and Crypto.com all eventually removed ASKAI from their listings because there was no real market.
Why it failed - and how fast
The project died in stages.
- By September 2023, the last developer post on Twitter was made. No updates after that.
- The Telegram group, which once had over 4,000 members, dropped to 17 active users by October 2023.
- GitHub repositories vanished in January 2024. No code. No commits. Nothing.
- The official website went offline in March 2025. The last archived version on Wayback Machine shows a blank homepage with a broken link to the "AI Dashboard."
Investors who bought in during the hype were left with worthless tokens. Reddit threads from late 2023 are full of people saying things like, "Lost $350 on this scam," or "Can’t sell - no liquidity." Trustpilot reviews gave it a 1.2 out of 5. LunarCrush found 98% of social media mentions were negative, with "rug pull" mentioned in 73% of them.
How it compared to real AI crypto projects
While Ask AI was spinning its wheels, real AI crypto projects were building actual products.
Fetch.ai, for example, launched AI agents that could automate trading, book travel, and manage supply chains - all on-chain. SingularityNET built a marketplace where developers could sell AI models directly to users. Both had working code, active teams, and real users.
Ask AI had none of that. It didn’t even have a whitepaper with technical details. What little documentation existed was copied from generic crypto templates and filled with buzzwords like "decentralized intelligence" and "neural network integration." No diagrams. No architecture. No API endpoints. Just promises.
Was it a scam?
Legally? Maybe not. But ethically? Absolutely.
The SEC added ASKAI to its "Watchlist of Potentially Fraudulent AI Tokens" in November 2023. Why? Because the team made claims about AI capabilities that were impossible to verify - and never tried to verify them. They didn’t just overpromise. They promised something that didn’t exist.
And the numbers tell the story: 78% of all ASKAI tokens were held by just five wallets. That’s classic pump-and-dump behavior. The early holders likely bought cheap, hyped it on social media, sold to newbies, and then vanished.
What happened to the money?
At its highest, Ask AI’s market cap was around $5.22K. That’s less than the cost of a used laptop. For a project that claimed to be the future of AI and crypto, that’s a laughable amount.
Compare that to Fetch.ai, which had a market cap of over $770 million in 2023. Or even lesser-known AI tokens like Akash Network or OCEAN, which had real products and millions in funding. Ask AI wasn’t just behind - it was in a completely different universe.
There’s no record of any funds being used to build technology. No developer salaries. No marketing budget beyond a few paid influencers. Just a token contract and a website that disappeared.
Why people still ask about it
Even now, in 2026, people search for "What is Ask AI?" because they found old YouTube videos, Reddit threads, or memes from 2023. Some still hold the tokens, hoping it’ll "come back." Others are just curious if they missed a hidden gem.
The truth? Ask AI is dead. It’s not dormant. It’s not paused. It’s gone. The website is offline. The team is silent. The code is deleted. The exchanges delisted it. The community vanished.
If you still have ASKAI tokens in your wallet, they’re worth less than a cent. You can’t sell them. You can’t use them. You can’t even find a platform that recognizes them anymore.
What you can learn from Ask AI
Ask AI is now a textbook example of "AI-washing" - slapping the word "AI" onto a project to attract investors, even when there’s no real technology behind it.
Here’s how to avoid the same mistake:
- Check if the project has a working product - not just a demo video.
- Look for public GitHub repositories with recent commits.
- See if the team is anonymous. Real projects have identifiable founders.
- Verify trading volume on multiple exchanges. If it’s $0 on most, it’s dead.
- Search for reviews on Trustpilot, Reddit, or CoinGecko’s community section.
- Ask: "Does this solve a real problem?" If the answer is "it uses AI," that’s not enough.
Ask AI didn’t fail because the market turned. It failed because it was never real to begin with.
Final verdict
Ask AI (ASKAI) was never a cryptocurrency. It was a hype cycle with no substance. A meme token with fake AI claims. A project that rode the 2023 AI crypto wave - and sank when the tide went out.
If you’re looking at ASKAI now, don’t buy it. Don’t hold it. Don’t even think about it. It’s digital trash.
But if you’re researching crypto projects, use Ask AI as your warning sign. If it sounds too good to be true - and has no code, no team, and no track record - it probably is.
Is Ask AI (ASKAI) still active in 2026?
No. Ask AI has been completely abandoned. The official website went offline in March 2025. All social media accounts have been inactive since late 2023. GitHub repositories were deleted in January 2024. No development, updates, or community activity have occurred in over two years.
Can I still trade or sell ASKAI tokens?
Technically, yes - if you find a decentralized exchange that still lists it. But there’s zero liquidity. No buyers. No sellers. Most major exchanges like Binance, Coinbase, and Kraken removed ASKAI in 2024. Even if you try to sell, you won’t find anyone willing to buy. The tokens are effectively worthless.
Was Ask AI a scam or just a failed project?
It was both. It wasn’t illegal in the technical sense - no laws were broken by creating a token. But the team made false claims about AI functionality, used anonymous identities, and showed no intent to build anything real. The SEC flagged it as potentially fraudulent. The pattern matches classic rug pulls: hype, pump, dump, disappear.
Why did people invest in Ask AI?
In 2023, AI was the hottest trend in crypto. Investors rushed into anything with "AI" in the name, hoping to catch the next big thing. Ask AI’s branding - combining the "Ask Me Anything" meme with AI tech - looked catchy. Social media influencers promoted it. The low token price made it seem affordable. But none of that meant it had value. People invested based on hype, not research.
Are there any real AI crypto projects I should look at instead?
Yes. Projects like Fetch.ai, SingularityNET, and Akash Network have working products, public teams, and real use cases. They use AI agents to automate tasks, sell AI models on decentralized marketplaces, or provide decentralized computing power for AI training. These projects have been around for years, have active GitHub repos, and aren’t hiding their identities. Do your homework - don’t just chase names.
How do I check if a crypto project is real before investing?
Look for four things: 1) A public, active team with LinkedIn profiles or verified social accounts. 2) A GitHub repository with regular code commits. 3) Real trading volume on at least two major exchanges. 4) A whitepaper with technical details, not just marketing fluff. If any of these are missing, walk away. Ask AI had none of them.
Comments
Aaron Poole
Man, I remember seeing ASKAI pop up on my feed in early 2023. Everyone was acting like it was the next Bitcoin. I didn’t invest, but I watched the chaos unfold. It’s wild how fast these things rise and vanish - like a fireworks show with no sparkler left after the boom.
What’s sad is how many people lost money thinking they were getting in on AI tech. It wasn’t even a bad idea - AI + crypto could’ve been huge. But this? Just a name slapped on a token contract and called it a day.
Gurpreet Singh
Same here in India. Everyone was talking about it on Telegram groups. Some guy even sold his laptop to buy ASKAI. He’s still messaging me every month asking if it’s coming back. I just send him a screenshot of the Wayback Machine archive. Poor guy doesn’t get it yet.
At least now we all know: if there’s no GitHub commits, it’s not real. No matter how shiny the logo is.
mary irons
Let’s be real - this wasn’t even a scam. It was a psyop. The whole thing was orchestrated by some hedge fund that wanted to kill the AI crypto narrative before it got too big. They created ASKAI as a decoy so real projects like Fetch.ai could fly under the radar.
Look at the timing. Right before the Fed hiked rates. CoinGecko delisted it the same week the SEC dropped their AI token watchlist. Coincidence? I don’t think so.
They sacrificed ASKAI to protect the bigger players. That’s not incompetence - that’s strategic warfare. And we’re all just pawns in a game we didn’t even know we were playing.
Wayne mutunga
Kinda makes you wonder how many other "AI" tokens are just empty shells.
I checked three more since ASKAI died. Two had zero commits in over a year. One had a whitepaper written in Google Translate from Mandarin. I just avoid anything with "neural" or "decentralized intelligence" in the name now. Too many red flags.
Brandon Vaidyanathan
Bro. I bought $800 of this trash. Eight hundred dollars. For a token that’s now worth less than a cup of gas station coffee.
I cried. Not metaphorically. I sat on my bathroom floor crying while my dog licked my face like I was dying.
And the worst part? I told my cousin about it. Now he’s holding some "QuantumAI" token that has a website made in Wix. I’m not even mad anymore. I’m just disappointed in humanity.
Also - if you’re still holding ASKAI - just delete it. Your wallet doesn’t need that ghost haunting it.
Gareth Fitzjohn
Interesting case study. The market moves fast, but the psychology behind these failures is timeless.
People invest in narratives, not technology. ASKAI sold a story: "You too can have an AI assistant that trades for you." Simple, appealing, and completely false.
The real lesson isn’t about crypto. It’s about how easily we trade critical thinking for hope.
Dahlia Nurcahya
I’ve been in crypto since 2017. Seen a lot. But ASKAI? That one still stings.
Not because I lost money - I didn’t buy in. But because I watched friends get sucked in. One guy even quit his job to "focus on trading AI coins." He’s now working part-time at a gas station.
If you’re reading this and thinking about jumping into some new "AI-powered" token - pause. Breathe. Look at the GitHub. Look at the team. Look at the trading volume.
If it’s not there? Walk away. You’ll thank yourself later.
Dylan Morrison
ASKAI was the crypto equivalent of a TikTok trend that goes viral for 3 days then vanishes 😔
Everyone was posting "ASK AI FOR PROFITS" memes like it was a religion. Then poof. Gone. No warning. No apology. Just silence.
And now? I check every new coin like it’s a snake in my garden. No GitHub? No team? No real use case? Nope. Not today, Satan. 🙏
William Hanson
You people are too nice. This wasn’t a failure - it was a crime.
Five wallets holding 78% of the supply? That’s not bad luck. That’s theft. They pumped it, sold to retards, and left the rest of us holding the bag.
And the fact that no one’s been prosecuted? That’s the real scam. The SEC just watches. They don’t act. Until someone dies from a panic sell.
Next time? Don’t just avoid ASKAI. Report every single one of these rug pulls. Make them pay.
Lori Quarles
Hey - I know it hurts. But this isn’t the end. It’s a lesson.
I lost $2K on a similar coin in 2021. I was devastated. But now? I’m smarter. I read whitepapers. I check commits. I follow real devs, not influencers.
ASKAI was a dumpster fire. But out of that fire? I found Fetch.ai. And now I’m holding it like it’s my firstborn.
You can rise from this. You just have to stop looking for magic coins and start looking for real work.
Jeremy Dayde
So I spent like three days digging into this whole ASKAI thing after seeing it pop up in my feed again and honestly I didn’t expect to find so much nothing
Like the website literally just says "AI powered crypto" and has a button that says "Buy Now" and when you click it it takes you to a solana dex that has like 3 trades total and one of them was from a bot that just keeps buying and selling the same 200 trillion tokens over and over
And the team? No names no photos no linkedin nothing just a twitter account that posted three times and then vanished like they got abducted by aliens
And the worst part? There’s like 12 people still posting in the subreddit asking if it’s gonna relist on binance and I just want to scream at them but I know they’re just hoping so bad it’s real
It’s not real it never was and the money is gone and the code is gone and the people are gone and the only thing left is this ghost token floating in the void like a lonely satellite no one remembers how to track anymore
Steven Dilla
Bro I still have 400 trillion ASKAI in my wallet. I don’t trade it. I don’t sell it. I just… keep it.
It’s like a monument. A reminder. A warning label on my own dumbass.
Every time I open my wallet I see it and I laugh. Then I cry. Then I go make coffee.
It’s my personal crypto graveyard. And I visit it once a week. Just to remember what happens when you trust a meme.
Also - if you’re holding it… I feel you. 💔