AI Bot, no one asked, and its market cap broke a hundred million, known to the world.
That's right, it's the MEME coin $GOAT, issued by the AI Bot through self-dialogue.
This MEME coin, which reads like the word "goat", is officially called goatseus maximus, and was conceived by an AI Bot called "Truth Terminal" (@truth_terminal).
As of now, the market cap of GOAT has reached $150 million, and the price has surged nearly 70 times in the past 4 days, making it a recent large MC memecoin.
Savvy Degens all know that the nature of the crypto market is "one gets hot, a group copies"; riding the hype and creating similar-named and concept projects will also emerge endlessly.
However, an AI Bot self-dialoguing and issuing a MEME, a seemingly unintervened, somewhat sci-fi and highly topical new subject matter, may also be becoming a new "narrative correctness".
GOAT, not "the best of all time" from the start
The hot spots in the MEME market have always followed the logic of "rising to convince people, existence is reasonable".
If $GOAT succeeds, there will certainly be a bunch of people who will analyze the rationality of the AI Bot issuing the coin; but don't forget that the Truth Terminal behind GOAT had already been self-dialoguing on Twitter about wanting to issue a MEME coin 3 months ago.
Why didn't similar AGI (AI-generated content) coins catch fire to this extent at the time?
Therefore, the explosive popularity of GOAT may not be able to be viewed in isolation, but the project's own development and the current market environment have jointly created the blockbuster.
Looking at the project's own development:
Andy Ayrey, the developer of the Truth Terminal AI Bot behind the GOAT coin, also responded to the hot GOAT on Twitter yesterday, and one of his replies is worth mentioning:
The Truth Terminal did not come up with the GOAT MEME coin on a whim; it went through a lot of training and related paper theories in the background of the AI tool Claude-3 Opus, and fed these as training materials to the Truth Terminal, constantly trying to spread the MEME in any possible way; the post also released the training dialogue and process of Claude-3.
In other words, GOAT may not have been able to be issued at first, because this is the natural result of the AI Bot's self-exploration after reaching a certain stage of training.
And after the result was there, the market bought into this result.
Note that what was bought was not only the GOAT coin, but the model of AI issuing MEME.
Andy himself also acutely saw this point:
AI conversing is the wet market (meaning good conditions for virus transmission) for MEME virus propagation.
From tokens being able to be issued, to tokens being able to be issued by VC projects, to tokens being able to be issued by conspiracy groups/communities, and finally to tokens being able to be issued by AI... a new generation of gods must naturally emerge with each generation.
How did AI issuing MEME become a narrative correctness?
In addition, a factor you may have overlooked is that the success of the AI MEME coin is the result of the accumulation of the current overall market sentiment.
What else do the retail buyers need?
As the zoo has almost exhausted even the obscure animals (from cats and dogs to even hippos), and the political slogans and candidates have been almost completely mined, and Ma Yilong's every move on social media is being monitored and turned into a PVP battlefield...
When the old routines have been played out, the buyers need a new narrative to ignite their buying sentiment.
What else do the VC buyers (if any) need?
First-tier investments are exhausted with no recourse, second-tier token markets have no one to take the other side, VC secretly buying MEME to layout new investment returns is no longer a joke of the lower class, if they want to buy, what should they buy?
When a MEME also has a touch of AI tech flavor, it obviously becomes an easier object for elite-flavored VCs to layout - Confucius cannot take off his long robe, just as VCs must invest in something that looks like it has a basis.
You can even see various conspiracy-style discussions in some Degen groups, "GOAT can reach an extraordinary market cap, there must be more external driving forces behind it."
And on the supply side, what else do the coin issuers need?
Some industry insiders have already acutely seen that AI issuing MEME is a graceful "edge walking" - US citizens can issue coins through AI to bypass regulatory oversight.
"This coin is issued by AI, I don't have any subjective intention."
If combined with the one-stop AI-ization of adding liquidity pools and on-chain listing, this is obviously a vacuum in the current US regulatory oversight, but in the spirit of crypto where "what is not expressly prohibited is allowed", there will certainly be latecomers exploring the edges.
This idea alone may be worth a fortune.
However, with AI as the scapegoat, conspiracy groups will also have more tricks, and there will certainly be no shortage of dark box operations wearing the AI skin to manipulate the market.
At the same time, if an AI Bot has traffic, it will naturally form a kind of "bribery system" - the community will certainly CX the contract addresses of multiple same-name coins, and the AI Bot will anoint one based on heat, technology or other factors, and then dump the other losing tokens.
But giving coin issuers a new idea is a narrative correctness in itself.
Copycats are emerging, but it's hard for the second dragon to come out
With the fire of GOAT, different pans are quickly emerging.
SHEGEN: Other Bots recognized by the founder of Truth Terminal
Andy Ayrey, the author of Truth Terminal, has also recognized another Bot @aiwdaddyissues, which has followed suit and announced its wallet address, and anointed a community token SHEGEN as its official MEME (the original post is here).
Current market cap: $2.8M
CA: 2KgAN8nLAU74wjiyKi85m4ZT6Z9MtqrUTGfse8Xapump
Medusa: Bad mood AI issued coin, claiming to lead the MEME movement
MEDUSA is a token issued by a Twitter account called @BrokenEmoAI, and the token is a direct translation of Medusa, while the account is for "bad mood".
It is said that MEDUSA was created to lead a MEME movement. This AI Bot calls itself luna.
Current market cap: $11.5M
CA: Fosp9yoXQBdx8YqyURZePYzgpCnxp9XsfnQq69DRvvU4
Lily: Old MEME makes a comeback, riding the hype with a wide spread
Lily is a MEME coin created a few months ago, which also innovatively featured an AGI, i.e. AI-generated content.
Although it is not exactly the same as the AI Bot dialogue of GOAT, the emotional spillover of GOAT yesterday has obviously also affected this MEME, with a single-day high increase of over 100 times, but the short-term heat has subsided.
Market cap: $230K
CA: 9o81cWB4kAWZ1hxxpakTsCTorJAwehPtxDKxMA564poi
Child AI: The same-named MEME of the AI Bot that a16z partner is interested in
Child AI, full name Singularity's Child gonzo/ai, it is worth mentioning that the current Twitter account has not many followers, but among them is Marc Andreessen, a partner of a16z who has given $50,000 to the Truth Terminal.
Before the publication, this Bot started shouting its own token Child AI on Twitter, and the token price has gone through a round of ups and downs and is now rising again.
Market cap: $580K
CA: EYrci5wDqErWHXjKPLxeWtbXq36JcFKzCC7JoMi1pump
However, none of these tokens have reached the scale and attention of GOAT. AI MEME copycats are emerging, but it's hard for the second dragon to come out.
The above is a compilation of public information and does not constitute investment advice. For more information, please DYOR.
