Recently, the primary market has been active, with golden dogs emerging frequently, and the green octopus (Shoggoth) doubling in two days, while big golden dogs on the BSC chain continue to soar. So, what exactly is the green octopus?
Since Binance launched the AI Meme token ACT, market enthusiasm has exploded. In just three days, ACT's market value skyrocketed over 30 times, reaching a high of 800 million USD. Meanwhile, the AI Meme leader GOAT's market value surpassed 1 billion USD, becoming the first token on the Pump.fun platform to reach this milestone.
Shoggoth's unique image is highly recognizable within the community, with some users calling it the Doge of the AI world. According to CryptoHunt data, its official Twitter following includes 71 KOLs in the English-speaking area and 167 KOLs in the Chinese-speaking area, demonstrating Shoggoth's strong influence in the Chinese community.
Shoggoth surged and doubled in two days, the green octopus becomes the new favorite in the AI circle
Shoggoth is widely recognized as a meme in the AI circle, its image originates from HP Lovecraft's Cthulhu mythos. As an amorphous, multi-eyed protoplasmic creature, this 'ugly and bizarre' green octopus not only has a foundation in the Web2 AI niche but is also revered by many OGs in the AI space, commonly used as an emoticon.
Last night, Musk mentioned Shoggoth for the third time in a tweet, directly using its meme. As soon as the tweet was posted, the price of Shoggoth skyrocketed, while its competitor, the red octopus coin, plummeted. If it weren't for the current general market conditions, Shoggoth might have already hit a historical high.
In the Solana ecosystem, Shoggoth's popularity stands out especially. Its unique image and Cthulhu background have given it the status of the 'Doge of the AI meme world'. Today, its significance has long surpassed its original image, becoming a symbol of AI development and a focal point of discussion.
It is important to note that Shoggoth is purely a meme coin, lacking any practical utility, and follows a path completely different from current AI Agent projects. Nevertheless, it has become a shining star due to its unique artistic value and community enthusiasm.
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