The Token Expenditure Price Index has further dropped to 1.5578, continuing the downward trend since late May and hitting a new low since April, suggesting a slowdown in the cash burn rate of AI companies. This index has now fallen 25% from its yearly peak but still retains approximately a 25% increase compared to the end of last year. -------- Note: Selling Tokens is currently a key monetization source for the AI industry, and their price serves as one of the signals for gauging the current supply and demand of computing power. If Token prices remain high, cloud service providers are incentivized to purchase more GPUs, DRAM memory, and expand data centers. Conversely, caution is warranted regarding "consumption downgrades" by AI companies, which could signal the end of this hardware frenzy cycle. Token price data is sourced from top global AI models such as OpenAI, Anthropic, and DeepSeek.