No one knows about AI Bot, and its market value exceeds 100 million.
That’s right, we’re talking about the meme currency $GOAT issued by AI Bot’s autonomous dialogue.
If you don’t know about this thing, we introduced it 4 days ago in (Will all AI issue meme coins this time? A quick look at a16z Lianchuang Investment, Bot’s own meme currency $GOAT):
The full name of this meme coin that sounds like the word "goat" is Goatseus maximus. It was thought up by an AI Bot called "Truth Terminal" (@truth_terminal) talking to himself.
As of now, the market value of $GOAT has reached 150 million US dollars. According to the time of publication 4 days ago, the price has increased nearly 70 times. It can be regarded as a big golden dog that has escaped recently.
Keen Degens all know that the crypto market is full of "when one becomes popular, a group of imitators will follow"; there will be an endless stream of projects that take advantage of the popularity, have the same name, and apply similar concepts.
However, AI Bot autonomously talks and posts memes. This new subject, which seems to have no intervention, is a bit sci-fi and full of topics, may also be becoming a kind of "narrative correctness".
GOAT is not the "best in history" from the beginning
The hot topic in the meme market has always been the logic of "to convince people with an increase, its existence is reasonable."
If $GOAT succeeds, a bunch of people will inevitably come out to analyze the rationality of AI Bot’s currency issuance; but don’t forget that the truth terminal behind GOAT was already thinking to himself on Twitter 3 months ago. Meme coins were distributed (see article cited above).
Why didn’t similar AGI (AI Generated Content) coins become so popular at that time?
Therefore, the explosion of $GOAT may not be viewed in isolation. The development of the project itself and the current market environment have jointly created the explosion.
Judging from the development of the project itself:
@AndyAyrey, the developer of the truth terminal AI Bot behind the $GOAT currency, also responded to the popularity of $GOAT on Twitter yesterday. One of the replies is worth mentioning:
Source: X
Truth Terminal finally came up with the $GOAT meme coin, which was not done overnight;
This has gone through a lot of training on the AI tool Claude-3 Opus background and related paper theories, and these have been turned into training materials and fed to the Truth Terminal, constantly trying to spread memes in any possible way; at the same time, the quotation post also released The training dialogue and process of Claude-3.
To put it bluntly, $GOAT may not be issued at first, because this is the natural result of the self-exploration of AI Bot after training to a certain stage.
And when there is a result, the market pays for the result.
Note that it is not just the coin $GOAT that pays, but the pattern of AI posting memes. Andy himself saw this keenly:
AI talking to each other is a wet market for meme viruses to spread (Wet Market, meaning good conditions for spreading viruses).
Source: X
From tokens being issued, to tokens being issued by VC projects, to tokens being issued by cabals/communities, and finally to tokens being issued by AI... It is natural that every generation of versions must have its own generation of gods.
How does AI-generated memes become narratively correct?
In addition, a factor you may have overlooked, the popularity of AI meme coins is the result of the current stacking of emotions in the entire market.
What else do leek buyers need?
As even the unpopular animals in the zoo are almost exhausted (from cats and dogs to even hippopotamuses), and the names and slogans of political elections are almost exhausted, then Ma Yilong’s social media every move is monitored, and it becomes PVP. Fierce battlefield...
When the existing routines are exhausted, buyers need new narratives to ignite their purchasing emotions.
What else do VC buyers (if any) want?
Primary investments are losing money and there is nowhere to defend their rights. Secondary token market rivals are refusing to take over. VCs secretly buying memes to lay out new investment income may no longer be a joke for lower-level people. If you want to buy something, what kind should you buy?
When a meme has a bit more AI technology temperament, it is obviously easier to become an object of elite VC layout --- Kong Yiji can't take off his long gown, just as VC must invest in something that looks well-founded.
You can even see various conspiracy theory discussions in some Degen groups. "$GOAT can reach an extraordinary market value, and there must be more external driving forces."
On the supply side of the market, what else do people who issue coins need?
Some people in the industry have keenly seen that AI-generated memes are an elegant form of "marginal wandering" - American citizens can issue coins through AI to bypass regulatory supervision.
"This coin is issued by AI, I have no subjective intention."
If combined with the one-stop AI that adds liquidity pools and on-chain currency listing, this is obviously a vacuum in the current supervision of the United States. However, in the spirit of encryption that can be done without strict prohibition by law, there will definitely be people in the future. Test the edges.
Source: X
This idea alone may be worth a fortune.
However, with AI as the scapegoat, the cabal will have more ways to play, and there will definitely be no shortage of secret operations using AI to manipulate the situation.
At the same time, if AI Bot has traffic, it will naturally form a "bribery system" --- the community will inevitably CX the contract addresses of multiple coins with the same name. AI Bot will appoint one based on popularity, technology or other factors, and then dump the others. Unsuccessful tokens.
But giving a new idea to issuing coins is a correct narrative in itself.
Like the dragon, the dragon is in trouble.
Once $GOAT became popular, different plates quickly emerged.
SHEGEN: Other Bot tokens approved by the founder of Truth Terminal
Another Bot @aiwdaddyissues recognized by Andy Ayrey, the author of Truth Terminal, also followed the same pattern and published its own wallet address, and designated a community token SHEGEN as its official meme (the original post of the incident is here).
Current market value: 2.8M
CA：2KgAN8nLAU74wjiyKi85m4ZT6Z9MtqrUTGfse8Xapump
Image source: TradingView
Medusa: Bad mood AI issues currency, threatens to lead meme movement
MEDUSA is a token issued by a Twitter account called @BrokenEmoAI. The token literally translates to Medusa, and the account means "bad mood."
MEDUSA was allegedly created to lead a meme movement. This AI Bot calls itself luna.
Current Market Cap: $11.5M
CA：Fosp9yoXQBdx8YqyURZePYzgpCnxp9XsfnQq69DRvvU4
Image source: TradingView
Lily: Old memes come back to life, and they are soaked in both the heat and the rain.
Lily is a meme coin created a few months ago. At that time, it also innovatively focused on AGI, which is AI-generated content.
Although talking to $GOAT’s AI BOT is not exactly the same thing, yesterday’s emotional overflow of $GOAT obviously also affected the meme. The highest single-day increase once reached more than 100 times, and the short-term popularity has subsided.
Market value: 230K
CA：9o81cWB4kAWZ1hxxpakTsCTorJAwehPtxDKxMA564poi
Child AI: Meme of the same name for the AI Bot that a16z partners follow
The full name of Child AI is Singularity's Child gonzo/ai. It is worth mentioning that there are not many people following the Twitter account at present, but among them is Marc Andreessen, a16z partner who invested $50,000 in Truth Terminal.
Source: Child AI
Before going to press, the Bot started calling his eponymous token Child AI on Twitter, and the price of the token began to rise again after a period of ups and downs.
Market value: 580K
CA：EYrci5wDqErWHXjKPLxeWtbXq36JcFKzCC7JoMi1pump
However, none of these tokens have reached the volume and attention of $GOAT. AI memes are currently on the rise, but it’s hard to escape.
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
This article is reproduced with permission from: (Shenchao TechFlow)