Grayscale Flags 3 AI Tokens – One Is Up 580%

On October 23, Grayscale research head Zach Pandl named DATA Network, USD.AI and Pearl in a note, saying Grayscale is monitoring them; Grayscale cited CoinGecko data showing Pearl rose 580% in three months through October 22. DATA collects human-contributed training material, and its Trace registry had over 250 million contributions when the Sui Foundation announced a $30 million investment making it DATA's largest institutional holder as DATA moves to Sui and Walrus. Grayscale described USD.AI's CHIP as a governance token with no equity, dividend or profit rights, and Pearl as rewarding GPU operators with PRL on top of AI revenue, while Together AI's Pearl-powered product offers a discount above 25% offset by crypto emissions.