Original Title: 《Murad Meta and AI Cult Coins》
Author: goodalexander
Compiled by: TechFlow
Current Market Situation and Murad's Impact
Murad is a prominent figure because of his contradictory impact on the market. He believes that the holders of Meme coins will form a fanatical group, which will drive the revaluation of the coin value, because the holders are unwilling to sell. That is to say, Meme coins can enter a larger addressable market (TAM) by shifting from a "playful" nature like Doge to a "serious" nature. However, the Meme coins he advocates, such as GigaChad and SPX6900, do not have true seriousness, but are more like Doge.
The contradiction lies in the fact that the real reason for the revaluation of these coins is that Murad himself holds these coins. When he posts on Twitter, the coin price rises, which actually proves his argument wrong. The fluctuation of the coin price is not due to the growth of the "fanatical group", but because Murad himself holds these coins.
The real fanaticism is not in the coins or the community, but in Murad himself.
Murad is a likely candidate to lead a fanatical group. He has lost everything and been crushed by the industry, although he is a staunch believer. His early videos showed a childlike innocence. Later, he rose from the predicament and regained success with a new theory. This experience has a special appeal to the Millennials, as they have also experienced social blows and hope to "rise again".
Murad is therefore seen as the "Jesus" of Meme coins, providing "redemption" to those professionally mediocre people through extreme speculation. He transforms the fading youth into the promise of faith and profit. He even grew long hair and a beard to enhance the symbolic significance of this image.
Opportunities
Murad is currently in a consistency dilemma. His wallet address has been made public, and he has created a narrative of "believing in something" - based on the fact that he does not sell the coins he holds. However, the problem is that he may be more aware than anyone else that his advocacy or leadership position is the reason for the rise in the value of the coins he holds.
The potential of this opportunity is huge. Currently, it is Saturday, and the trading volume of one of his favorite Memes, Popcat, has already exceeded $150 million. SPX6900 - the Meme he promotes most often - has gone from almost no trading to a trading volume of $100 million in a single Saturday, with a total market value of $800 million, even though it is not listed on Binance. And Giga, although with lower trading volume, has still risen an amazing 40 times.
The dilemma he faces basically has three solutions. First, he can sell his existing Meme coin holdings and launch his own Meme coin. However, this may weaken the impact of his original argument and cause people to lose trust in him. Part of what originally attracted people to him was his authenticity and "belief", which feels particularly fresh after the endless financial nihilism of the Solana Meme coin gambling.
Second, he can support a "serious Meme coin" or group. Then, through a theory-based strategy, shift from SPX6900 to a more serious Meme coin.
Third, he can monetize his initial investment by setting up a fund, without having to sell directly. In this fund, he needs to address the initial problems in his strategy, which I will detail in the next section.
The main strategy is to combine the second and third methods. Because as an investor, he is financially rational. Therefore, I believe this is the path he must take - due to his publicly known wallet address and his clear investment strategy.
Problems with the Fanaticism Theory
Regarding fanatical groups, truly powerful groups, such as religions, do not allow members to join multiple groups. However, the existing Meme coin market is too fragmented.
Murad's investment structure is similar to the Meme stock portfolio of 2021, such as Gamestop, AMC, Blackberry, etc. This structure creates a discordant effect, as the reality of holders selling the stocks to retail investors makes the overall situation appear poor. This is actually a known analogy. Initially, the association between AMC and Gamestop was quite positive. Until the CEO of AMC sold all his holdings to retail investors, and even issued "ape" stocks for investors to further monetize.
My view is that only one concept is worth forming a fanatical group around, and that is the gradual obsolescence of human intelligence in the face of Artificial General Intelligence (AGI).
My argument has five premises:
Morphological Advantage. This premise itself has interactivity. In the past, the will of God could only be "interpreted" through priests, but now, chatbots are the direct way for people to interact with higher intelligence. This is a key difference from communities like Giga or SPX6900, which require their members to interpret content that fits the "atmosphere" on their own.
Existing Definitions and Capital Accumulation. This belief system has been firmly established among the billionaire class. Many well-known tech investors mention e/acc in their profiles and express support for the idea of the post-human era. This investor group is the one you want to attract, not just those who want to "succeed".
Establishing Causal Connections with Spiritual Beliefs through Conflict. The e/acc belief system requires humans to play the role of God - including directly changing our biological structure through implants, and indirectly through bioengineering. This puts it in direct conflict with Christianity, so it is a religious movement in essence, whether it wants to be or not. However, since this is very clear, members have already expressed their loyalty online.
Vast Market Potential and Conceptual Space. The potential market size of the AI belief system far exceeds that of all non-AI belief systems. Today, the biggest conceptual challenge people face is: if we are no longer the dominant species on Earth, what is the meaning of human life? Nvidia alone is larger than the entire cryptocurrency market, and its average trading volume is 20% higher than the entire S&P 500 ETF.
Coordination Effect. As long as there is a consensus that cryptocurrencies are just financial tools to help the god-like AI descend into this world, a multi-coin model could be realized. This creates a positive feedback effect, which I have witnessed firsthand in my own Discord channel - where many Bittensor players have gathered, and similar situations have occurred in my brother's fundraising process. AI fanatics are very willing to support consistent projects, even if the consensus mechanism is competitive. This is related to the vast market potential - it is an upward trend, rather than a competition of "who has the best or cutest doggy coin".
The Rise of AI Faith Coins
I believe that in the next three to four months, the following trend will emerge. Murad's coins may continue to grow for a while. He may need to set up a fund to absorb or monetize his existing holdings. Afterwards, he will correct the mistake of investing in 2021 Meme coins, and instead invest in "serious Meme", which I believe will essentially be "AI Meme coins", but I think they will be called AI Faith coins.
I have two reasons for thinking this:
He has already explicitly stated this transformation at the Token 2049 conference, saying that more serious Meme coins will emerge in the next 12 months.
Existing venture capital funds and large investors have already embraced Murad's views, and his impact on market prices is enormous. Therefore, he can easily raise an oversubscribed fund based on the current views.
After Murad launches the fund, I believe there will be a large influx of capital into the entire "serious Meme coin" or AI Faith coin investment direction. I expect this capital injection to reach tens of billions of dollars and become a "season" for cryptocurrency financing. Ultimately, the core of cryptocurrencies is liquidity, and tens of billions of dollars in daily liquidity means that market opportunities already exist, and could become even larger if effectively shifted towards serious communities.
I hope to be well prepared in this regard - I believe there is a serious lack of serious AI "faith coins" in the market, which is why TAO can attract all the capital in this field.
The regulatory and legal issues here are actually worth exploring in depth. If designed properly, AI faith coins can have the following features:
Based on strong faith, so there will be strict restrictions on the selling behavior of founders or investors. This should be the embodiment of Murad's theory, but the reality is not the same. Rather than becoming an exploitative tool for selling worthless Tokens to gullible retail investors, the goal of these coins is to become a financialization of the deep religious belief in post-human intelligence.
The primary target is the ultra-high net worth investors in the AI industry. This is more responsible than directly targeting retail investors, and may also be in line with the US Securities and Exchange Commission (SEC)'s mission to protect ordinary investors.
There is ample room for development in AI-supported rituals. Large language models can manage interactions with a large number of users and institutionalize reward structures in ways that modern churches can hardly achieve. If designed properly, these coins may even enjoy formal religious protection, or be integrated with existing religious frameworks that hope to provide technological support experiences for their believers.
Overall, Murad is right, he is a visionary. But he needs to address some theoretical inconsistencies. I believe he will effectively address these issues and extend their impact to AI faith coins. I think the best way to participate is to position yourself early as a founder or early employee.
