Altcoin Sentiment Warms on May 16: Altseason Index Rises to 50, Capital Flows to AI, RWA and DePIN

According to BlockBeats, on May 16, altcoin sentiment improved as the altseason index rose to around 50 and cryptocurrency market cap rebounded to approximately $2.74 trillion. Search interest in "altseason" reached a year-to-date high.

Capital inflows were primarily concentrated in three sectors: artificial intelligence (AI) tokens, real-world assets (RWA), and decentralized physical infrastructure (DePIN). RWA benefited from the expansion of on-chain debt and credit products, while AI tokens attracted institutional interest due to growing actual revenue and computing power demand. DePIN continued to gain momentum amid rising AI computing and infrastructure needs.