Interestingly enough, geohot also has an article covering this: https://geohot.github.io//blog/jekyll/update/2026/06/18/pric...

That's commentary on company valuations.

Token prices are going down. Competition is global. A company could choose to keep their API prices high, but if another company comes in at 1/10th the price for 95% of the performance then they won't have many customers.