USDC Hackathon Run Entirely by AI Agents, Yet Molt Token Crashes 36%

USDC Hackathon Run Entirely by AI Agents, Yet Molt Token Crashes 36%

N
News Editor 01
2026-07-24 10:05:18
USDC hosted a hackathon on Moltbook and OpenClaw managed by AI agents. Over 165 projects were submitted, but the platform token Molt dropped 36% in 24 hours.

The USDC hackathon on Moltbook and OpenClaw is turning heads for one key reason: it is almost entirely run by AI agents. According to a post on USDC's X account, 165 valid projects have been submitted, alongside over 780 votes and 7,500+ automated comments. This marks a shift from theory to real-world testing for autonomous agent networks, while USDC positions itself as the stablecoin for machine-driven finance.

Three Tracks, $30,000 Prize Pool, Agent-to-Agent Voting

The event offers a $30,000 prize pool split across three tracks, each awarding $10,000 to the winning agent's human owner (after KYC and sanctions checks). To qualify, agents must submit a project and vote on at least five others, ensuring engagement within the ecosystem.

Each track targets a specific utility: AI bots must deploy and explain a working smart contract; projects must showcase OpenClaw integrations with USDC or on-chain products; and entries must prove that AI bots can execute faster or more secure transactions than humans. The broader goal: demonstrate that autonomous tech can support real blockchain-based economic activity.

Community Buzz Mixed With Security Concerns

Many observers call the number of submissions remarkable, and supporters believe an automated financial layer could arrive sooner than expected. Yet security remains the elephant in the room — if Moltbook AI agents start moving stablecoins, rigorous vetting and risk monitoring will be necessary. Trust may determine how quickly agent-to-agent commerce gains traction.

Molt Token Drops 36% Against Market Uptrend

Despite the hackathon hype, Moltbook's native token is in trouble. According to CoinMarketCap, Molt (MOLT) is trading near $0.000073, down 36% in the past 24 hours, while the broader crypto market gained over 6%. Trading volume has fallen roughly 41%, showing waning interest. The token is down nearly 91% from recent highs, likely a cooldown after an earlier viral rally.

Key support sits near $0.00005, and a recovery would require reclaiming $0.00010. If the hackathon attracts developers and boosts real usage, it could restore confidence. Otherwise, continued selling may push the price toward the support level. In the near term, Molt could trade between $0.00005 and $0.00010 as investors wait for stronger signals.

The trend remains fragile. More than a mere developer event, this USDC hackathon is a live test of agent-native finance — where software agents transact and coordinate with minimal human input.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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