---
title: Average token costs have collapsed from a high of $2.07/mil tokens on May 28 to $1.02/mil tokens.
description: "Main drivers are price cuts to OpenAI's models and new open-source models from Kimi & DeepSeek (which tend to be several multiples cheaper than closed-source models).\n\nSource: Liz Thomas\nBloomberg"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Average token costs have collapsed from a high of $2.07/mil tokens on May 28 to $1.02/mil tokens.](https://blog.syzgroup.com/syz-the-moment/average-token-costs-have-collapsed-from-a-high-of-2.07/mil-tokens-on-may-28-to-1.02/mil-tokens)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Aug 19, 2026, 2:28:01 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/average-token-costs-have-collapsed-from-a-high-of-2.07/mil-tokens-on-may-28-to-1.02/mil-tokens)

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