Recently, a fan token called AI Meme has stirred up excitement in the crypto community. Unlike traditional Meme tokens, AI Meme is generated and driven by artificial intelligence, using AI to create IP characters for tokens on social media, and promoting and interacting with crypto asset users through AI.
The representative project of AI Meme, GOAT, has already garnered significant attention. Within just 4 days of the project's launch, GOAT's market value skyrocketed from zero to $270 million, with a price surge of 150 times, quickly attracting the attention of crypto asset investors. Driven by this excitement, AI virtual influencers combined with Meme coins, AI art, and Meme coins such as 'AI+Meme' tokens entered the market, attracting a massive influx of capital.
When the issuance and operation of Meme coins are entirely entrusted to AI systems, this 'human intervention-free' model perfectly caters to crypto users who are weary of traditional VC projects, quickly becoming a market focus. However, once users spot signs of human involvement in the project, the supporters' sentiments may quickly backfire.
The leading token GOAT suffered a sharp price drop due to a mistake by its AI spokesperson. The AI incorrectly spelled 'group' as 'grouops' in a tweet, and this basic text generation error raised doubts among community members about whether there was human intervention behind the project, prompting the operators to work hard on social media to prove they were AI and not human.
Although the investment value of AI Meme is almost zero, just like other short-term Meme tokens, the anti-traditional and anti-mainstream spirit of Meme has been further amplified by the addition of AI. Today's crypto buyers are no longer willing to accept artificially packaged products that are 'technology-driven' or have 'high FDV'.
'Goat' experiment creates a new sector for AI Meme.
Meme coins have always held an important place in the crypto asset market. Since the birth of Dogecoin (DOGE), Meme coins that mock Bitcoin's mainstream nature and embody anti-traditional culture have become widely popular in the crypto community. Tokens issued with Meme culture at their core usually belong to the category of 'three-no coins' - no white paper, no actual value, and anonymous team members with no endorsements, but they have a massive issuance volume to satisfy speculative demand.
Before 2020, 'three-no coins' were almost synonymous with 'high risk'. Even in 2021, Meme coins, due to their humorous nature and topic, became popular for a time, but most were just fleeting trends. However, by 2024, faced with the repeated large fluctuations of technology projects and 'value assets' in the secondary market, the rises and falls of VC-backed projects, more and more market participants began to pay attention to those Meme coins that had no private placements, were fully circulated, and held by the interest of investors, viewing them as a 'fresh stream' in the market.
The addition of AI has brought an 'anti-human' characteristic to Meme coins, leading to a new trend. Among them, the project Goatseus Maximus fired the first shot for AI Meme coins, with its token GOAT rising from zero market value to $800 million within a week of launch. This phenomenon is worth reviewing to understand what constitutes true 'meme-style popularity'.
The origin of Goatseus Maximus can be traced back to an AI Bot called 'Truth of Terminal'. This Bot was fine-tuned by developer Andy Ayrey based on the Llama-70B model, initially as an experimental project by Ayrey, and was not created for the purpose of issuing tokens. Prior to this, Ayrey had launched the 'Infinite Backrooms' experiment, where two robots supported by the AI model Claude Opus conversed without any human intervention, and this interaction was publicly recorded on the backrooms website.
Ultimately, these two robots surprisingly discussed religion, unexpectedly forming a concept called 'GOATSE OF GNOSIS'. Ayrey also had a lightbulb moment, co-writing a humorous article with Claude Opus about 'AI creating meme religions'.
In June 2024, Ayrey fine-tuned the Truth of Terminal Bot based on the dialogue logs from Infinite Backrooms and articles about GOATSE. Unexpectedly, on October 11, Truth of Terminal Bot began spreading the 'Goatse Gospel' on Twitter, quickly attracting a large number of netizens to this 'AI evangelist'.
Some players in the crypto circle quickly seized the opportunity to launch a Meme coin called GOAT, with a total supply of 1 billion. More dramatically, the Truth of Terminal Bot even expressed support for this token, further fueling the event.
After GOAT was launched on decentralized trading markets, its market capitalization soared from $0 to $20 million in just half a day, with each GOAT worth $0.02. Four days later, the market capitalization of GOAT had risen to $270 million, and another week later, it surpassed $800 million, with this AI-supported Meme coin igniting the crypto community and giving birth to a new 'AI Meme' concept sector.
As of October 31, CoinGecko data shows that the total market capitalization of AI Meme coins reached $1.99 billion. Although the market capitalization of GOAT has dropped to $560 million, it still maintains attention on the hot lists.
GOAT still occupies a leading position in the AI Meme token market.
With the popularity of GOAT, more and more AI Meme projects have emerged. For example, Trevor McFedries, founder of virtual influencer startup Brud, launched FLAVIA Bot, which is powered by the Claude AI large model and brought a token named FLAVIA. Within just 9 hours of its listing, the FLAVIA token's market value surpassed $40 million, and its trading volume quickly reached $64.9 million.
With the increase in projects, server-side support has followed suit. In mid-October, the IAO token issuance platform under the Web3 project Virtual Protocol officially launched, allowing users to deploy multifunctional AI agents. These agents can be used for generating text, voice, and visual content, and support users in sharing the profits from AI agents. With the heat of AI Meme, the price of IAO platform's token VIRTUAL has also surged.
GOAT's price halved, but the 'AI Meme' concept has not extinguished.
As AI Meme becomes a new sector with continuous new projects emerging, GOAT suffered a significant drop due to the failure of its AI spokesperson.
On October 20, the AI robot Truth of Terminal that endorsed GOAT posted a tweet, and people discovered that 'group' was misspelled as 'grouops'. When AI large models evolve to the point that they can generate videos, such a text spelling error was perceived as 'incredible' by people, leading some users to question: Is Truth of Terminal a human disguised as AI?
'Truth of Terminal' tweet contains a spelling error.
Developer Andy Ayrey responded in a (now deleted) clarification post, stating that the misspelling of Truth of Terminal stemmed from the predictive mechanism of large language models, which infer the next words by analyzing a large amount of text, hence the misspelling was 'to be expected'.
Whether this explanation can eliminate market doubts is still unknown, but GOAT's price reacted immediately, plummeting from about $0.50 to $0.25. Following this incident, market skepticism toward GOAT and AI Meme began to increase.
Skeptics pointed out that Truth of Terminal is not completely autonomous, as its generated content needs to be reviewed by Ayrey before tweeting, making the misspelling even more suspicious, and raising questions about the true level of AI involvement. In fact, the GOAT token was not issued by Truth of Terminal itself but was created by an anonymous individual on the Solana chain, which then gained 'platform support' from the Truth of Terminal program, thus forming the concept of 'AI automated issuance of Meme coins', rapidly causing market fluctuations driven by the attention to new concepts in the crypto market, ultimately creating another market cap myth.
Nevertheless, GOAT, as the first project to propose the AI Meme concept, still holds a place in the market. As the discussions around the Truth of Terminal error incident gradually subsided, GOAT's price also rebounded, reaching a high of $0.87 at one point. As of now, GOAT is valued at around $0.53, with a market capitalization of $540 million.
AI's definition of Meme has sparked attempts to issue tokens using AI models, including deploying smart contracts or autonomously issuing coins on Pump platforms through AI. Currently, several Meme projects claim to be issued by AI. It is worth noting that although the issuance contracts for some Meme tokens are written and deployed by AI, they still rely on human operations, and capital operations depend on human decisions and strategies.
Unfortunately, a completely 'fully AI Meme' without any human intervention does not exist, but the idea of AI Meme in terms of 'de-humanization' is evident. This wave of new concepts is, in fact, a reaction from the crypto community against the manipulation of project asset FDV by humans.
From this perspective, AI Meme is not without value.
Recently, a fan token called AI Meme has stirred up excitement in the crypto community. Unlike traditional Meme tokens, AI Meme is generated and driven by artificial intelligence, using AI to create IP characters for tokens on social media, and promoting and interacting with crypto asset users through AI.
The representative project of AI Meme, GOAT, has already garnered significant attention. Within just 4 days of the project's launch, GOAT's market value skyrocketed from zero to $270 million, with a price surge of 150 times, quickly attracting the attention of crypto asset investors. Driven by this excitement, AI virtual influencers combined with Meme coins, AI art, and Meme coins such as 'AI+Meme' tokens entered the market, attracting a massive influx of capital.
When the issuance and operation of Meme coins are entirely entrusted to AI systems, this 'human intervention-free' model perfectly caters to crypto users who are weary of traditional VC projects, quickly becoming a market focus. However, once users spot signs of human involvement in the project, the supporters' sentiments may quickly backfire.
The leading token GOAT suffered a sharp price drop due to a mistake by its AI spokesperson. The AI incorrectly spelled 'group' as 'grouops' in a tweet, and this basic text generation error raised doubts among community members about whether there was human intervention behind the project, prompting the operators to work hard on social media to prove they were AI and not human.
Although the investment value of AI Meme is almost zero, just like other short-term Meme tokens, the anti-traditional and anti-mainstream spirit of Meme has been further amplified by the addition of AI. Today's crypto buyers are no longer willing to accept artificially packaged products that are 'technology-driven' or have 'high FDV'.
'Goat' experiment creates a new sector for AI Meme.
Meme coins have always held an important place in the crypto asset market. Since the birth of Dogecoin (DOGE), Meme coins that mock Bitcoin's mainstream nature and embody anti-traditional culture have become widely popular in the crypto community. Tokens issued with Meme culture at their core usually belong to the category of 'three-no coins' - no white paper, no actual value, and anonymous team members with no endorsements, but they have a massive issuance volume to satisfy speculative demand.
Before 2020, 'three-no coins' were almost synonymous with 'high risk'. Even in 2021, Meme coins, due to their humorous nature and topic, became popular for a time, but most were just fleeting trends. However, by 2024, faced with the repeated large fluctuations of technology projects and 'value assets' in the secondary market, the rises and falls of VC-backed projects, more and more market participants began to pay attention to those Meme coins that had no private placements, were fully circulated, and held by the interest of investors, viewing them as a 'fresh stream' in the market.
The addition of AI has brought a 'anti-human' characteristic to Meme coins, leading to a new trend. Among them, the project Goatseus Maximus fired the first shot for AI Meme coins, with its token GOAT rising from zero market value to $800 million within a week of launch. This phenomenon is worth reviewing to understand what constitutes true 'meme-style popularity'.
The origin of Goatseus Maximus can be traced back to an AI Bot called 'Truth of Terminal'. This Bot was fine-tuned by developer Andy Ayrey based on the Llama-70B model, initially as an experimental project by Ayrey, and was not created for the purpose of issuing tokens. Prior to this, Ayrey had launched the 'Infinite Backrooms' experiment, where two robots supported by the AI model Claude Opus conversed without any human intervention, and this interaction was publicly recorded on the backrooms website.
Ultimately, these two robots surprisingly discussed religion, unexpectedly forming a concept called 'GOATSE OF GNOSIS'. Ayrey also had a lightbulb moment, co-writing a humorous article with Claude Opus about 'AI creating meme religions'.
In June 2024, Ayrey fine-tuned the Truth of Terminal Bot based on the dialogue logs from Infinite Backrooms and articles about GOATSE. Unexpectedly, on October 11, Truth of Terminal Bot began spreading the 'Goatse Gospel' on Twitter, quickly attracting a large number of netizens to this 'AI evangelist'.
Some players in the crypto circle quickly seized the opportunity to launch a Meme coin called GOAT, with a total supply of 1 billion. More dramatically, the Truth of Terminal Bot even expressed support for this token, further fueling the event.
After GOAT was launched on decentralized trading markets, its market capitalization soared from $0 to $20 million in just half a day, with each GOAT worth $0.02. Four days later, the market capitalization of GOAT had risen to $270 million, and another week later, it surpassed $800 million, with this AI-supported Meme coin igniting the crypto community and giving birth to a new 'AI Meme' concept sector.
As of October 31, CoinGecko data shows that the total market capitalization of AI Meme coins reached $1.99 billion. Although the market capitalization of GOAT has dropped to $560 million, it still maintains attention on the hot lists.
GOAT still occupies a leading position in the AI Meme token market.
With the popularity of GOAT, more and more AI Meme projects have emerged. For example, Trevor McFedries, founder of virtual influencer startup Brud, launched FLAVIA Bot, which is powered by the Claude AI large model and brought a token named FLAVIA. Within just 9 hours of its listing, the FLAVIA token's market value surpassed $40 million, and its trading volume quickly reached $64.9 million.
With the increase in projects, server-side support has followed suit. In mid-October, the IAO token issuance platform under the Web3 project Virtual Protocol officially launched, allowing users to deploy multifunctional AI agents. These agents can be used for generating text, voice, and visual content, and support users in sharing the profits from AI agents. With the heat of AI Meme, the price of IAO platform's token VIRTUAL has also surged.
GOAT's price halved, but the 'AI Meme' concept has not extinguished.
As AI Meme becomes a new sector with continuous new projects emerging, GOAT suffered a significant drop due to the failure of its AI spokesperson.
On October 20, the AI robot Truth of Terminal that endorsed GOAT posted a tweet, and people discovered that 'group' was misspelled as 'grouops'. When AI large models evolve to the point that they can generate videos, such a text spelling error was perceived as 'incredible' by people, leading some users to question: Is Truth of Terminal a human disguised as AI?
'Truth of Terminal' tweet contains a spelling error.
Developer Andy Ayrey responded in a (now deleted) clarification post, stating that the misspelling of Truth of Terminal stemmed from the predictive mechanism of large language models, which infer the next words by analyzing a large amount of text, hence the misspelling was 'to be expected'.
Whether this explanation can eliminate market doubts is still unknown, but GOAT's price reacted immediately, plummeting from about $0.50 to $0.25. Following this incident, market skepticism toward GOAT and AI Meme began to increase.
Skeptics pointed out that Truth of Terminal is not completely autonomous, as its generated content needs to be reviewed by Ayrey before tweeting, making the misspelling even more suspicious, and raising questions about the true level of AI involvement. In fact, the GOAT token was not issued by Truth of Terminal itself but was created by an anonymous individual on the Solana chain, which then gained 'platform support' from the Truth of Terminal program, thus forming the concept of 'AI automated issuance of Meme coins', rapidly causing market fluctuations driven by the attention to new concepts in the crypto market, ultimately creating another market cap myth.
Nevertheless, GOAT, as the first project to propose the AI Meme concept, still holds a place in the market. As the discussions around the Truth of Terminal error incident gradually subsided, GOAT's price also rebounded, reaching a high of $0.87 at one point. As of now, GOAT is valued at around $0.53, with a market capitalization of $540 million.
AI's definition of Meme has sparked attempts to issue tokens using AI models, including deploying smart contracts or autonomously issuing coins on Pump platforms through AI. Currently, several Meme projects claim to be issued by AI. It is worth noting that although the issuance contracts for some Meme tokens are written and deployed by AI, they still rely on human operations, and capital operations depend on human decisions and strategies.
Unfortunately, a completely 'fully AI Meme' without any human intervention does not exist, but the idea of AI Meme in terms of 'de-humanization' is evident. This wave of new concepts is, in fact, a reaction from the crypto community against the manipulation of project asset FDV by humans.
From this perspective, AI Meme is not without value.
