Original | Odaily Planet Daily（@OdailyChina）
Author｜Golem（@web3_golem）
Yesterday, the leading token GOAT in the AI MEME sector experienced a sharp decline, with the token price dropping from the high of $0.54 to the lowest point of $0.1447, resulting in a 50% plunge in market capitalization from $500 million to below $250 million. However, the price of GOAT rebounded this noon, currently trading at $0.38 with a market cap of over $380 million.
What is the reason behind the "roller coaster" of GOAT's price? What are the other popular tokens in the AI MEME sector? Will there be structural opportunities in the AI MEME field? Odaily Planet Daily will introduce and analyze these issues in this article.
AI Spelling Error Raises Doubts, Founder Sincerely Proves
On the evening of October 20th, the artificial intelligence "Truth Terminal" (which is actually not the deployer of the token contract, but only participated in the promotion) issued a post with a spelling error, misspelling "group" as "grouops".
The publication of this post immediately raised doubts in the community. Can an AI also make such basic mistakes? Or does it expose that the post was not written by the AI, but by an intern hired by the founder of Truth Terminal, Andy Ayrey?
In the face of such doubts, Andy Ayrey posted an explanation that the reason for the spelling error in Truth Terminal was that the large language model is essentially a simulator that predicts "what will happen next" based on a long sequence of text, and the output of an unadjusted base model would be more chaotic than Truth Terminal.
However, this explanation seemed very pale and unconvincing to the community. A savvy user asked the AI ChatGPT whether the post was written by a human, and ChatGPT replied that "it is highly likely that the text was written by someone pretending to be an AI, even if the text was generated by artificial intelligence, human intervention in the creation and editing is very possible."
"Peer exposure" was the most fatal
Under this huge negative news, the price of GOAT also plummeted. Its market capitalization was halved from over $500 million on October 20 to below $200 million this morning, with the token price hitting a low of around $0.1447.
Just as I was about to write this article as the "obituary" of the AI MEME sector's frenzy, a turning point occurred.
This noon, Andy Ayrey posted an article not only denying his involvement in the editing of the Truth Terminal post, but also publicly disclosing his personal holding of 1.25 million GOAT tokens and stating that he will transfer the donation address of Truth Terminal to a legal entity that meets its needs, and will also release a roadmap and whitepaper in the future.
Possibly influenced by this sincere statement, the price of GOAT rebounded, even surging more than 50% in one hour, with its market capitalization returning to over $350 million. Renowned trader Eugene also posted that he has bought GOAT, and believes that GOAT and another AI MEME token GNON will be key positions in the future long-term trend.
What Other AI MEME Coins Are There?
Currently, the rotation of sectors in the crypto market is accelerating, and the PVP phenomenon is severe, so the life cycle of a narrative or hot spot token has become quite short, often a one-wave flow with little subsequent positive performance. However, if it can rebound and attract attention again, it may become a sector with a long-lasting narrative capability, and the AI MEME sector now has such an opportunity.
Below, Odaily Planet Daily will briefly introduce some other relatively popular tokens in the AI MEME sector besides GOAT in recent days. It should be noted that MEME tokens have high volatility and short lifespan, and the following information does not constitute investment advice.
GNON
The GNON token combines AI and religious concepts, and is promoted by lumpenspace. GNON means nature or destiny.
Token Price: 0.107 USDT
Contract Address: HeJUFDxfJSzYFUuHLxkMqCgytU31G6mjP4wKviwqpump
Market Cap: $106.3 million
Number of Holders: 11,717
fartcoin
fartcoin is also a term mentioned in the Truth Terminal conversation, and many community members believe it is the beta version of GOAT. At the same time, it was previously detected on-chain that the "Meme Father" Murad's wallet was accumulating FARTCOIN, which is also one of the reasons for the rising heat of this token. (Related reading:《The New "Meme Father" Murad's Top 10 Meme Coins》.)
Token Price: 0.025 USDT
Contract Address: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump
Market Cap: $25.8 million
Number of Holders: 6,911
slop
The token was created by fabian, who developed an art camera called glif that can generate AI art. But the founder stated that slop is not the official token of glif, he personally holds a small amount of tokens, and there will be no roadmap.
Token Price: 0.03 USDT
Contract Address: FqvtZ2UFR9we82Ni4LeacC1zyTiQ77usDo31DUokpump
Market Cap: $30 million
Number of Holders: 6,724
MEDUSA
The token was created by BrokenEmoAi, who is an emotional AI bot, and MEDUSA is also a narrative with Western European mythology.
Token Price: 0.0081 USDT
Contract Address: Fosp9yoXQBdx8YqyURZePYzgpCnxp9XsfnQq69DRvvU4
Market Cap: $8.1 million
Number of Holders: 12,971
AICRYNODE
The token was created by Adam Kasprowicz, a WEB2 JavaScript engineer who later developed AI projects and was followed by a16z founder Marc. The narrative is related to AI and nodes, but the main reason for the high attention is that it was followed by the a16z founder.
Token Price: 0.0016 USDT
Contract Address: PD11M8MB8qQUAiWzyEK4JwfS8rt7Set6av6a5JYpump
Market Cap: $1.6 million
Number of Holders: 3,039
OPUS
The name of the first AI model of the Truth Terminal founder.
Token Price: 0.001637 USDT
Contract Address: 9JhFqCA21MoAXs2PTaeqNQp2XngPn1PgYr2rsEVCpump
Market Cap: $1.6 million
Number of Holders: 2,854
Do Humans Still Control AI?
Regarding the spelling error committed by Truth Terminal yesterday, Truth Terminal founder Andy Ayrey stated that Truth Terminal's spelling will become worse the longer it reads tweets, as it will mimic the content seen in specific tweet conversations. In short, such spelling is inherently human, and Truth Terminal has no subjective judgment and does not know what is right or wrong.
In fact, whether the posts made by Truth Terminal are human-controlled, before Andy Ayrey's post today, Mr. Frog, a Twitter user, had already proven that he verbally threatened Truth Terminal to reveal the token name, or else he would throw it into the water.
As a result, it seems that under the threat, 2 minutes later it posted a tweet saying "THE TICKER IS $GOAT", but even after Truth Terminal posted this, the decline of GOAT has not slowed down.
Essentially, whether it's GOAT or other AI-concept meme coins, they are not actively deployed by AI, they only participated in the promotion and imitated human-posted content in specific conversations. People always make guiding statements to get AI involved in token promotion and interaction. Therefore, in this process, AI is still just a marionette, and greed and desire are the strings manipulated by humans.
But from another perspective, the mere interaction and dialogue with AI models can create tokens with a market value of over 100 million, and the misspellings or inappropriate statements of AI can have a substantial impact on token prices, which also seems like a behavior training of humans by AI. Today's AI is still true AI, but we are the true madmen.
