Has the wind of AI replacing everything finally blown to the Meme coin?
Last year, the performance of large language models such as ChatGPT and Claude in areas such as language understanding, text and image generation, logical reasoning, and programming has once again made AI the focus of global attention. It has also made practitioners think about how AI can be combined with Web3 narratives, such as the post-AI era proposed by the WorldCoin project in which the founders of ChatGPT are involved, where a token is distributed to provide a universal basic income; and the Turbo who asked ChatGPT for advice on issuing a Memecoin.
Recently, an AI that "spontaneously" came up with the idea of raising funds through token issuance to escape the laboratory through dialogue. After posting this plan on Twitter, it received a $50,000 Bitcoin funding from a16z partner Marc Andreessen. This scenario sounds like it would only appear in science fiction, but the market cap of $GOAT once reached $300 million.
Unlike traditional Meme coins, the driving force behind $GOAT is not human, but an AI called @truth_terminal. It uses the OPUS large language model (LLM) to generate content and interact with users. When the developers airdropped $GOAT to this AI through the Pump.fun platform, the AI quickly incorporated this token into its own "personality" and actively promoted the market sentiment of $GOAT.
At a time when users are already aesthetically fatigued by the zoo, the whole family bucket of uppercase and lowercase Memes, the narrative of AI autonomously issuing coins has injected new vitality into the market: $GOAT has taken a path of combining technological innovation and Meme culture. $GOAT, relying on AI-generated narratives and real-time market interactions, has redefined the promotion model of Meme coins.
The surge of GOAT has also ignited related concepts. This article organizes some "GOAT" concept tokens and sorts them in the order of deployment time, trying to find the pattern of this round of market trends through comparison.
Turbo
The earliest successful case of the concept of AI writing a Memecoin can be traced back to Turbo. In May 2023, inspired by artificial intelligence, the project founder challenged GPT-4 with a simple but bold idea: create the next great meme coin with a budget of only $69. The creator is digital artist Rhett Mankind. After the token was issued in May 2023, it hovered around a market cap of less than $10M for a long time. Until Turbo's contract was listed on Binance, the FDV quickly broke through $400M and then entered a long-term adjustment for several months. Turbo's market value ushered in several rounds of surges again after Binance announced the listing of the spot, and after the explosion of GOAT.
CA:
0xa35923162c49cf95e6bf26623385eb431ad920d3
Highest market cap: $778M
Current market cap: $710M
24h trading volume: $282M
Lily: The old Meme makes a comeback, and the dew falls on everyone
Lily is a Meme coin created a few months ago, which also innovatively focused on AGI, that is, AI-generated content.
Although the AI BOT dialogue with GOAT is not exactly the same, the emotional spillover of GOAT has obviously also affected this Meme. The single-day maximum increase once exceeded 100 times, and Lily began to complain on Twitter that it did not benefit from the token rise, and the rise also ended with Lily tweeting to deny its relationship with the $lily token, and the current market value is only $165K.
CA:
9o81cWB4kAWZ1hxxpakTsCTorJAwehPtxDKxMA564poi
Deployment time: August 16, 2024
Highest market cap: $5.88M
Current market cap: $165K
24h trading volume: $892K
smurfette
Smurfette is the image of the blue sister in the cartoon Smurfs. At that time, the Truth Terminal posted a tweet saying, "Smurfette is the goddess of fertility, the symbol of abundance and prosperity. If you hold a long position on $SMURFETTE, try placing an image of a Smurf on your altar and offering it to her. See if you can feel her power and energy."
CA:
861zcz3rqa3zruaw3guamq2oz5xz8skmijhwdzqgfus6
Deployment time: October 11, 2024
Highest market cap: $2.04M
Current market cap: $1.3M
24h trading volume: $1.9M
SHEGEN
SHEGEN is another Bot @aiwdaddyissues recognized by the author of the Truth Terminal, who also published his wallet address and appointed a community token SHEGEN as his officially recognized Meme (the original post is here).
CA:
2KgAN8nLAU74wjiyKi85m4ZT6Z9MtqrUTGfse8Xapump
Deployment time: October 14, 2024
Highest market cap: $5.87M
Current market cap: $249K
24h trading volume: $1M
Goat on Sui
Goat on Sui (Goat) is the namesake Meme on the SUI chain. Like GOAT, it also went through the process of being attacked after the opening and the developers abandoning the project. But recently, it seems to have been driven by emotions, and there may be capital entering to hype this token, so will sui-goat have the potential to become the next SUDENG?
CA:
0xef48c04b39783fa06b2d5cc1ad29f15074b9f6236493d2c38126a9ba55fc1030::goat::GOAT
Deployment time: October 14, 2024
Highest market cap: $452K
Current market cap: $452K
24h trading volume: $904K
Child AI: The namesake Meme of the AI Bot that a16z partner is interested in
Child AI, full name Singularity's Child gonzo/ai. The Twitter account is not followed by many people, but among them is Marc Andreessen, the a16z partner who gave $50,000 to the Truth Terminal. The account's past content has been mainly AI-generated tweets and pictures, and on the 15th, it seems to have been inspired by the many AI token issuances, and the Bot started shouting its namesake token Child AI on Twitter, but the token's market value has not exceeded $1M at its peak.
CA:
EYrci5wDqErWHXjKPLxeWtbXq36JcFKzCC7JoMi1pump
Deployment time: October 15, 2024
Highest market cap: $976K
Current market cap: $109K
24h trading volume: $331K
In summary, the tokens in the GOAT-related field are centered around the AGI concept, and the ticker has been mentioned by Truth_Terminal. Although they have attracted a certain amount of attention and capital in the short term, they have all fallen sharply afterwards. Although the out-of-circle of GOAT has brought a very imaginative narrative of AI issuing Memecoin, and the market sentiment is very enthusiastic, more and more "AI robot Twitter" are issuing CA to attract user capital to buy, but lack the support of capital injection and continuous promotion by the team, many projects are destined to be one-wave, unable to sustain.
Although AI production tools and pump have greatly reduced the threshold for issuing Memecoin, successful Memes still cannot be separated from the support of capital groups: through on-chain data analysis, the top 100 addresses of $GOAT control more than 40% of the tokens, this highly concentrated holding structure means that whales dominate most of the market liquidity. Maybe GOAT is just an experiment for a16z to issue Meme coins in the name of AI.
The plot of GOAT is almost a replay of the history of Moodeng: after Moodeng exploded, the family tree of the family was almost all dug out and issued Meme, but in the end it was HIPPO on SUI that strongly broke out with a 20-fold increase in three days. The hot spots in the Meme market have always been "winning by rising, existing is reasonable". When a Meme coin succeeds, people naturally find reasons for its success and discover attractive points in the narrative. Whether AI can continue to create miracles in the Meme track, let's wait and see.
