Is $ANON a new value narrative or a new layout of a conspiracy group in Base?
- Author: TechFlow
In this Meme bull market, as it has always been overshadowed by the Solana ecosystem, even though the large MC memecoins are constantly emerging, the Memes in the Base ecosystem still seem to be "quietly rising".
And in the past two days, a coin called $ANON in the Base ecosystem, which has been online for only six days, has been rising all the way, reaching a market cap of up to 22 million dollars.
Although it cannot match the "one-day breakthrough" of the current Solana Memes, with the market's attention more focused on the BTC and Solana frenzy, the such a rise of $ANON in the Base ecosystem is still worth exploring.
Is $ANON a new value narrative or a new layout of a conspiracy group in Base? TechFlow analyzes the origin and development of $ANON through event sorting.
Table of Contents
ToggleSupercast and Superanon
The story begins with the Polish developer woj (@wojtekwtf) creating the social product Supercast based on the Farcaster protocol in October 2024. Supercast is a peer-level application layer just like the top social product Warpcast in the Base ecosystem. Supercast introduced an anonymous posting function called Superanon, which supports users to post anonymously through the Superanon account by using zk proof technology, but they need to pay a membership fee of 10U/month.
Obviously, the Superanon application that allows anonymous posting is very popular with crypto users (or Farcaster ecosystem users), and within three weeks of its launch, Superanon already has more than 4,300 followers, and many of the most heated discussions about Farcaster are posted anonymously by users on the Superanon account. The developer woj himself is also very proud, saying "this is the most successful launch I've had recently".
Anonymous user+AI issuance, is $ANON really a community coin?
Superanon has been running smoothly since its launch, and on November 14th, an anonymous user interacted with the Farcaster ecosystem's AI Agent account @clanker through the Superanon account, successfully issuing a MEME coin called $ANON, and then airdropped 1% of the tokens to the founder of Supercast, woj, who was unaware at the time.
(It is worth mentioning that the recently popular AI Meme $LUM in the Base ecosystem was also issued by the AI Agent @clanker, with a current market cap of 30 million dollars.)
Until woj woke up one day and found $250,000 worth of $ANON in his wallet, he directly chose to airdrop all the $ANON in his wallet to the more than 1,000 member users who paid to use Supercast. (woj's original words: "It's cool, but I can't fully support it, because any Supercast tokens will be distributed to its users.")
woj's very crypto-spirited move was greatly appreciated by the community, and with $ANON itself carrying the version buff of "zk+anonymous+AI issuance", the community naturally bought into the sufficiently decentralized narrative of $ANON, and it reached a peak market cap of $4.5 million in less than a day.
At the same time, the community also supported woj's crypto spirit with practical actions: the $ANON holders in the Farcaster community voluntarily sent more than $40,000 worth of 13 million tokens to the developer to be redistributed to Supercast users.
The uppercase and lowercase dispute comes again?
However, before the uppercase $ANON had boiled for long, the next day woj posted on warpcast that he wanted to change the "?" icon of superanon to a cute dog image as an NFT on the Zora platform and airdrop it to Supercast members, and this NFT can be converted into the lowercase $anon in the form of image-to-Bit. But he also emphasized a series of "layering" statements such as "currently only has collection value, and the uppercase $ANON is purely a coincidence".
That is to say, the woj who just used self-authentication to hype up the uppercase $ANON yesterday, the next day he released a lowercase $anon by himself...
However, this round of "uppercase and lowercase dispute" is not as intense as $Neiro and $eliza, or rather, the lowercase $anon is not a match for the uppercase $ANON at all. As of the time of writing, the market cap of the uppercase $ANON is close to 20 million dollars, while the market cap of the lowercase $anon is still hovering around 300,000 dollars, but woj himself is very fond of the dog image of the lowercase version.
"ANON" applications are further diversifying
There is both narrative and consensus, but woj doesn't seem particularly interested in further use cases for $ANON. However, the community has come up with new ideas for $ANON.
Twitter user @0xLuo has created a classification map of the current "ANON" ecosystem, visually presenting the clear context of current "ANON" projects.
Developers have created new applications based on $ANON, including an anonymous publishing application anoncast with zk proofs for $ANON Holders, similar to superanon, and an art project Base Colors.
anoncast
anoncast inherits the anonymous posting function of superanon, but the difference is that users need to hold a certain amount of uppercase $ANON in their wallets to use the application, and different functions are unlocked based on the holding amount.
The basic posting function requires holding 30,000 $ANON tokens (currently about $450). More advanced functions, such as promoting posts to X/Twitter platforms or deleting published posts, require holding 1 million $ANON tokens (currently about $16,000).
Crypto heavyweights are also very interested in anoncast. Farcaster co-founder Dan Romero (@dwr) has tweeted and retweeted content about anoncast multiple times, and V God has also discussed technical details with anoncast developer @Slokh on Warpcast.
Base Colors
Base Colors is a collection of Internet colors as Non-Fungible Tokens. Each color is unique, and owners can name them on the blockchain, with no two people able to own the same color or have the same name for a color.
Developer @0FJAKE said that unique colors can establish the uniqueness of anonymous identities, i.e., confirming the attribute of "you are you".
Conclusion
From $Degen to $ANON, the "product coin" that has been burning hot on the Farcaster ecosystem seems to be taking a fairly solid and reliable path - the token is always running around the community and users.
However, during the journey, it is inevitable that non-community members will enter for pure speculation purposes, which is not necessarily a bad thing for the token itself, as the continuous rise in price will also allow more "outsiders" to further understand the project itself, thereby retaining more users interested in the community.
The real value of tokens such as $Degen and $ANON is not in the short-term market value fluctuations, but in whether they can build a self-organizing, self-evolving ecosystem. Such an ecosystem can continuously adapt to user needs and evolve with the push of the community, ultimately transforming from the simple frenetic MEME speculation attribute to a practical token.
