Original | Odaily Planet Daily (@OdailyChina)
Author | Nanzi (@Assassin_Malvo)
Last week, with Binance continuously launching GOAT and MOODENG contract trading, the AI MEME concept ushered in a new round of climax, and the zoo concept also showed signs of recovery. At the same time, the token issued by Sotheby's Vice President Michael Bouhanna, Ban, has caused the "art"-related concept to start gaining momentum. Odaily will sort out the recent hot tokens and the concepts behind them in this article.
Risk Warning: The tokens involved in the following table are screened by the author based on his subjective judgment of the token's popularity, not for the purpose of token recommendation, and are only for readers to understand the current data and concepts of the tokens. If there are any omissions or errors in the concepts and definitions, please feel free to communicate and correct them. The token market capitalization in the figure is as of 07:00 (UTC+8) on October 28.
Token and Concept Review
ai16z, degenai
ai16z was originally a "riding on a16z" concept token issued by @pmairca on the fundraising platform daos.fun, raising 420 SOL, and its market value fluctuated around $4 million before October 27. Yesterday morning at 8 o'clock, a16z partner Marc posted two consecutive ai16z-related content, and the token began to rise rapidly, reaching a peak market value of $80 million.
degenai is an AI token purchased by the @pmairca address, and it rose along with ai16z.
According to X platform user @tocueestated, the team behind @pmairca is actually the "AI Conspiracy Group" (note: for an introduction to the Conspiracy Group, see this article), which has launched a large number of AI concept MEME tokens, and many popular tokens are issued by them.
(Note: daos.fun has become popular due to the explosion of ai16z, for details on the platform mechanism, please refer to the official document.)
ACT
The ostensible concept is the token related to the AI project ACT I, developed by @amplifiedamp. The AI project itself has received investment from a16z, and it is said that the token will be used for the development of the AI project.
The token initially rose due to the a16z investment concept, but on the day of token issuance, the developer @amplifiedamp announced the issuance of another token, causing ACT to plummet from a market value of $40 million to less than $10 million, and then it rose to a market value of $70 million with the joint efforts of the Chinese and foreign communities. (Note: The main force in the Chinese community is openly @0x cryptowizard.)
However, due to the continuous selling of tokens by @amplifiedamp's address, and the inability to unify opinions with the community, the token has fallen to a market value of around $20 million.
In addition, through the author's analysis of on-chain data, ACT was clearly a "conspiracy" token from the beginning of its issuance, with multiple addresses that had never traded any tokens before, making huge profits of tens of thousands to hundreds of thousands of dollars by buying ACT internally and then selling it off, and then becoming inactive, such as the following addresses:
4QkkjUSvf3ZS1FWwb2cf2gwFfCpETCwtvbMStFhUXzPL
AACPFyaZRrUapKhz3C7oJ4Dz98zKkbBMpzauVYVhwkRG
DyY9MErexKC4ywHLWFbxqMG3GRtRkKBf4phbpaN2GyUG
Project 89
The token issued by AI developer @whyarethis, which differs from other AI MEME concept tokens in that @whyarethis has been deeply involved in the token development, engaging in a lot of external interaction and hosting multiple Spaces, with relatively small price fluctuations.
Art Track and Secondary KOL Transformation: BAN, EYE
BAN was initially similar to a regular Pump token, with the external launch leading to a halving. Later, users discovered that the BAN dev address belonged to Sotheby's Vice President Michael Bouhanna, and the token once exploded to a market value of $7 million.
For unknown reasons, Michael Bouhanna deleted the tweets related to his personal address (right half of the image below), causing the token to drop 85% in a short period of time.
After BAN fell below $1 million, a large number of bloggers originally in the "secondary trading" track began to shill this token (such as Changweixin), believing that Michael Bouhanna's deletion of tweets was to avoid legal risks and did not change the endorsement relationship of the token.
The peak market value of BAN was $60 million, and the current market value is $26.5 million (as of 8:00 am Beijing time on October 28).
Yesterday, another Dutch digital artist Jesper (@Jesperish) also issued his token, whose works have been exhibited and auctioned at well-known auction houses such as Christie's and Sotheby's, but the prices have not been disclosed.
The token EYE issued by Jesperish has a peak market value of $20 million and a current market value of $8.4 million. Jesperish stated that "the account has not been hacked, this is an experiment, and the token is the only project I have created", and has been relatively deeply involved in token promotion.
