Author: Nanzi, Odaily Planet Daily
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 revived. 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 table below are screened by the author based on his subjective judgment of the token heat, 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 in the concepts and definitions, please feel free to exchange 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 continuously posted two ai16z-related content, and the token began to rise rapidly, reaching a market value of up to $80 million.
degenai is the AI token purchased by the @pmairca address, and it has risen together with ai16z.
According to @tocuee, a user of the X platform, the team behind @pmairca is actually the "AI Conspiracy Group" (note: for an introduction to the conspiracy group, see this article), and they have issued a large number of AI concept MEME tokens, with multiple popular tokens being 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 documentation.)
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 the token is said to 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 to rise 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 @0x cryptowizard.)
However, due to the continuous selling of tokens by the address of @amplifiedamp and the inability to unify the opinions of 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, 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 in the internal market and then selling it, and then becoming inactive, such as the following addresses:
4QkkjUSvf3ZS1FWwb2cf2gwFfCpETCwtvbMStFhUXzPL
AACPFyaZRrUapKhz3C7oJ4Dz98zKkbBMpzauVYVhwkRG
DyY9MErexKC4ywHLWFbxqMG3GRtRkKBf4phbpaN2GyUG
Project 89
The token issued by the AI developer @whyarethis is different from other AI MEME concept tokens in that @whyarethis has been deeply involved in the development of the token, engaging in a lot of external interaction and hosting multiple Spaces, and the price fluctuation is relatively small.
Art Track and Second-tier KOL Transformation: BAN, EYE
BAN was initially the same as a regular Pump token, with the external market launch leading to a halving. Later, users discovered that the BAN dev address belonged to Sotheby's Vice President Michael Bouhanna, and the token exploded to a market value of $7 million.
For unknown reasons, Michael Bouhanna deleted the tweets related to his personal address (the 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 Changer, etc.), 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 am Beijing time on October 28).
Yesterday, another Dutch digital artist Jesper (@Jesperish) also issued his own 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 peak market value of the token EYE issued by Jesperish was $20 million, and the current market value is $8.4 million. Jesperish stated that "the account has not been hacked, this is an experiment, and this token is the only project I have created" and has been relatively deeply involved in token promotion.
