Will AI autonomous dialogue launching meme coins be a new trend?
AI Bot, no one asks, but the world knows the market value has exceeded 100 million.
Yes, it is referring to the meme coin $GOAT, which is generated by AI Bot through autonomous dialogue.
If you are not familiar with this, we introduced it 4 days ago in the article “This Year’s AI Will Launch Meme Coins? A Quick Look at a16z’s Investment in Bot-Generated Meme Coin GOAT”:
This meme coin, which sounds like the word “goat,” is called goatseus maximus. It is created by an AI Bot called “Truth Terminal” (@truth_terminal) that talks to itself.
As of now, the market value of GOAT has reached $150 million, nearly 70 times higher than the price when the article was published 4 days ago. It can be considered a recent big winner.
Sharp Degen knows that the nature of the crypto market is “once something becomes popular, there will be imitators.” Projects that ride the trend, use similar names, or adopt similar concepts will continue to emerge.
However, AI Bot autonomously generating memes, a new topic that appears to be untouched and somewhat futuristic, may be becoming a “narrative correctness.”
GOAT was not initially considered the “Greatest of All Time.”
The hotspots in the meme market have always followed the logic of “rising to attract people, existence justifies reason.”
If $GOAT succeeds, there will inevitably be a bunch of people analyzing the rationality of AI Bot issuing coins. But don’t forget, the truth terminal behind GOAT had already been contemplating issuing meme coins on Twitter three months ago (refer to the above-mentioned article).
Why didn’t similar AGI (AI-generated content) coins become popular to this extent?
Therefore, the explosion of GOAT may not be viewed in isolation; the project’s development and the current market environment have jointly created this hit.
Looking at the project’s development:
Andy Ayrey, the developer behind GOAT’s truth terminal AI Bot, responded to GOAT’s popularity on Twitter yesterday, and one of his replies is worth mentioning:
Creating a GOAT meme coin wasn’t a spur-of-the-moment decision for the truth terminal; it went through extensive training and related theoretical research in the AI tool Claude-3 Opus backend. These were then turned into training materials and fed to the truth terminal, which continuously attempted to spread memes in any possible way. The post also includes the training dialogue and process of Claude-3.
In other words, GOAT might not have been able to launch initially because it was the natural result of AI Bot’s self-exploration after reaching a certain stage of training.
And once there were results, the market paid for them.
Note that it’s not just GOAT that is being paid for; it’s the pattern of AI generating memes. Andy himself also recognized this:
AI conversations are a wet market for meme virus propagation.
From tokens being launched, to tokens being launched by VC projects, to tokens being launched by conspiracy groups/communities, and ultimately to tokens being launched by AI… it is only natural for each generation to have its own deity.
How did AI generating memes become the narrative correctness?
In addition, one factor that you may have overlooked is that the popularity of AI meme coins is the result of the current market sentiment stack.
What else do retail investors need?
With even obscure animals in the zoo being hyped (from cats and dogs to hippos), and political election names and slogans being almost exhausted, and even Ma Yilong’s every move on social media being monitored, turning into a fierce battlefield…
When all the tricks have been almost exhausted, retail investors need new narratives to ignite their buying emotions.
What do VC investors need (if any)?
Primary investors have nowhere to seek compensation for losses, and secondary token markets don’t have buyers. VC secretly investing in memes to position for new investment returns is no longer a joke. If they want to buy, what should they buy?
When a meme has a touch of AI technology, it obviously becomes an easier target for elite VC investors to position themselves. Just like Kong Yiji can’t take off his long robe, VC must invest in something that appears to be based on solid foundations.
In certain Degen groups, you can even see discussions about various conspiracy theories: “GOAT reaching an extraordinary market value must have been driven by external forces.”
On the supply side of the market, what do coin issuers need?
Some industry insiders have already realized that AI-generated memes are an elegant way to “walk on the edge” – US citizens can use AI to issue coins to bypass regulatory scrutiny.
“This coin is generated by AI, I have no subjective intent.”
If combined with liquidity pools and on-chain listing, this obviously creates a vacuum in the current regulatory landscape. But in line with the spirit of cryptocurrencies, where no strict rules prohibit it, there will definitely be others who will test the boundaries.
This single idea may be invaluable.
However, with AI being the scapegoat, conspiracy groups will have more tricks up their sleeves, and there will certainly be more black box operations involving AI-aided market manipulation.
At the same time, if AI Bot gains traffic, it will naturally create a “bribery election system” – the community will have multiple contract addresses for various tokens with the same name, and AI Bot will select one based on popularity, technology, or other factors and dump the other losing tokens.
But giving coin issuance a new perspective is a narrative correctness in itself.
As imitators emerge, it becomes difficult for the second dragon to appear.
After GOAT’s success, various imitators quickly emerged.
SHEGEN: Another meme coin approved by Truth Terminal’s founder.
The author of Truth Terminal, Andy Ayrey, approved another bot, @aiwdaddyissues, and released their wallet address, designating a community token SHEGEN as their approved official meme (original post here).
Current market value: $2.8 million
CA: 2KgAN8nLAU74wjiyKi85m4ZT6Z9MtqrUTGfse8Xapump
Medusa: AI-generated coin spreading negativity, claiming to lead the meme movement
MEDUSA is a token created by a Twitter account called @BrokenEmoAI, with the token name directly translating to Medusa, and the account being labeled “negative emotions.”
It is said that MEDUSA was created to lead a meme movement. This AI Bot refers to itself as luna.
Current market value: $11.5 million
CA: Fosp9yoXQBdx8YqyURZePYzgpCnxp9XsfnQq69DRvvU4
Lily: Old meme resurfaces, capitalizing on popularity
Lily is a meme coin created a few months ago, which also focused on AGI, or AI-generated content.
Although it is not exactly the same as GOAT’s AI Bot dialogue, yesterday’s overflow of GOAT sentiment clearly affected this meme as well, with a daily surge of over 100 times at one point. Its short-term hype has now subsided.
Market value: $230,000
CA: 9o81cWB4kAWZ1hxxpakTsCTorJAwehPtxDKxMA564poi
Child AI: A meme named after an AI Bot that a16z partner is interested in
Child AI, also known as Singularity’s Child gonzo/ai, is worth mentioning because among the few followers of its Twitter account is a16z partner Marc Andreessen, who invested $50,000 in the truth terminal.
Before this article was published, the bot started promoting its namesake token Child AI on Twitter, and after a round of ups and downs, the token’s price began to rise again.
Market value: $580,000
CA: EYrci5wDqErWHXjKPLxeWtbXq36JcFKzCC7JoMi1pump
However, these tokens have not reached the scale and attention of GOAT. AI meme imitators are emerging, but it is difficult for the second dragon to appear.
The above information is publicly available and does not constitute investment advice. Please do your own research for more information.
This article is a collaborative reprint from:
Shenzhen Evening News
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Will AIdriven meme cryptocurrency be the next trend fueled by GOAT
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