High APY is a red flag.
A 55% APY is indeed a very suspicious proposal. It's not feasible, neither sustainable. OP can be pretty sure this token is going to lose price quite fast due to supply being too much for the demand this project has in crypto market.
What calls attention and awakes interest from investors regards this project isn't its usage (concerning AI trading tools), but the financial return offered. Therefore, there is no doubt it's a speculative investment, which heavily relies on hype in order to succeed on short run, generating quick profit for developers and early investors solely.
55% APY probably just empty promise, maybe it's about staking the token and getting the same token as a reward but the volatility will negate the profit anyway.
The places where I see such high APY usually are when the project incentivize staking with the left over tokenomics and people already understand that it's nothing but an illusion since it means inflation of the token supply and people will short.
Other than that, could be a red flag.