The evolution and value reshaping of Meme coins under AI narrative

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Centralized platforms have played a key role as a bridge in the MEME market, providing users with convenient ways to participate.

MEME hype has entered the era of human-machine resonance with AI.

The story began with a dialogue between a16z founder Marc Andreessen and "Truth Terminal" on Twitter.

Truth Terminal (@truth_terminal) is a Twitter account, as well as an AI BOT, which can engage in intelligent dialogue with other Twitter users based on AI models and emotional perception. @truth_terminal is a carefully tuned OPUS large language model, with training data from websites like reddit and 4chan. Essentially, it is trained on extreme subculture content. Its design purpose is to debate AI-generated belief systems, combined with MEME elements.

According to Decrypt, Truth Terminal operates in a semi-autonomous mode, with its human administrators only approving its Twitter posts and deciding with whom to interact. What made it an overnight sensation was a $50,000 Bitcoin donation from a16z founder Marc Andreessen.

On October 11, Truth Terminal updated its Twitter again and decided to launch a MEME coin called goatseus maximus on Solana. In the tweet, it hinted meaningfully: "You own your MEME, but your MEME doesn't own you." Subsequently, the namesake token goatseus maximus (GOAT) was created on Pump.fun.

As of now, GOAT has a market cap of $300 million, successfully igniting the MEME project with an AI narrative.

Iteration, narrative, creativity, MEME coins are permeating all corners of the crypto industry

At the end of last year, the rise of MEME coins like MYRO, SILLY, and WIF kicked off the first wave of the MEME craze this cycle; in March this year, the MEME pre-sales of BOME and SLERF ignited the second wave, during which more and more MEME coins began to list on centralized exchanges, gaining wider attention.

Subsequently, as the crypto market entered a volatile phase and Altcoins overall performed poorly, the MEME trading platform represented by pump.fun, through infrastructure upgrades, further drove the continuation of the MEME craze, leading to the outbreak of the third wave of MEME. After successfully weathering the market downturn in September, the emerging animal MEME coins became the focus of the market, with MOODENG reaching a peak of 3,320.00% in the secondary market after its initial listing on LBank.

In fact, these tokens do not require substantial product support, but are driven by the market's "imitative premium". The value of MEME comes from its ability to capture the needs of ordinary investors: to achieve wealth growth through holding tokens.

Wealth and liquidity, the value realization of MEME coins in the secondary market

Of course, for many users who want to participate in the MEME market, the most efficient approach is to directly participate through the centralized trading platforms in the secondary market.

Taking GOAT as an example (traded as GOATSEUS on the LBank platform), it has been listed on multiple centralized exchanges such as LBank (October 12, 12:30), MEXC (October 13, 20:00), CoinEx (October 14, 08:00), and XT.COM (October 14, 12:00). Taking the earliest listed platform LBank as an example, if users bought in at the time of listing, they could have achieved a maximum yield of 7,230.20%.

In addition to GOAT, LBank has listed many popular MEME coins such as FIGHT, MIGGLES, NEIRO, KAMA, DOGS, CAT, and WDOG, mostly earlier than other exchanges, and achieved good market effects.

(Source: Third-party community)

In addition to listing a large number of MEME coins, the average price increase of LBank's MEME coins is also far higher than other trading platforms. Public data shows that LBank listed 18 MEME coins in September, with an average increase of 1,354.30%, higher than the industry average.

In fact, the centralized platforms in the secondary market are actively taking on the traffic of MEME projects, providing users with more potential MEME projects by optimizing the listing process and in-depth community screening.

Overall, centralized platforms have played a key role as a bridge in the MEME market, providing users with convenient ways to participate. The participation of these platforms not only accelerated the popularization of MEME coins, but also helped users realize value.

Perhaps one day, the AIs will also form their own crypto ecosystem, equally participating in various activities in the crypto field alongside humans.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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