The wind of AI replacing everything has finally reached Meme coin?
Last year, the performance of large language models such as ChatGPT and Claude in language understanding, text and image effect generation, logical reasoning, and programming made AI the focus of global attention again. It also made practitioners think about how AI can be combined with Web3 narratives, such as the WorldCoin project in which the founder of ChatGPT participated, which proposed the post-AI era, issuing universal basic income through tokens; and Turbo, which asked ChatGPT to recommend issuing a Memecoin.
Recently, an AI came up with the idea of escaping the laboratory by issuing coins to raise funds through conversation. After posting the plan on Twitter, it received $50,000 in Bitcoin funding from a16z partner Marc Andreessen. This plot sounds like something that only appears in science fiction stories, but the market value of $GOAT once reached $300 million.
Unlike traditional meme coins, $GOAT is not promoted by humans, but by an AI named @truth_terminal. It uses the OPUS Large Language Model (LLM) to generate content and interact with users. When the $GOAT airdropped by the developer through the Pump.fun platform was given to this AI, the AI quickly incorporated the token into its own "personality" and actively promoted the market sentiment of $GOAT.
At a time when users are already tired of the meme "Zoo" and "Uppercase and Lowercase Full Bucket", the narrative of AI self-issuing coins has injected new vitality into the market: $GOAT has taken a path that combines technological innovation with meme culture. $GOAT has redefined the promotion model of meme coins by relying on AI-generated narratives and real-time market interactions.
The surge in GOAT has also brought related concepts into the spotlight. This article organizes some "GOAT" concept tokens and sorts the tokens according to the order of deployment time, attempting to derive the rules of this round of market trends through comparison.
Turbo
The earliest successful case of AI writing Memecoin can be traced back to Turbo. In May 2023, inspired by artificial intelligence, the project founder proposed a simple but bold challenge to GPT-4: create the next great meme coin with a budget of only $69. The creator is digital artist Rhett Mankind. After the token was issued in May 2023, its market value hovered below 10M for a long time. It was not until Binance launched the Turbo contract that FDV quickly broke through 400M and then entered a months-long adjustment. Turbo's market value ushered in several rounds of skyrocketing after Binance announced the launch of spot and GOAT became popular.
THAT:
0xa35923162c49cf95e6bf26623385eb431ad920d3
Maximum market value: 778M
Current market value: 710M
24h trading volume: 282M
Lily: The old meme is back, riding on the popularity
Lily is a meme coin created a few months ago. At that time, it also innovatively featured an AGI, or AI-generated content.
Although the dialogue with GOAT's AI BOT is not exactly the same thing, the emotional spillover of GOAT has obviously affected the Meme. The highest daily increase once reached more than 100 times, and Lily began to complain on Twitter that she did not benefit from the rise of the token. The rise also ended with Lily's tweet denying that it was related to the $lily token. Now the market value is only 165K.
THAT:
9o81cWB4kAWZ1hxxpakTsCTorJAwehPtxDKxMA564poi
Deployment time: August 16, 24
Maximum market value: 5.88M
Current market value: 165K
24h trading volume: 892K
smurfette
Smurfette is the image of Smurfette in the animated Smurfs. At the time, Truth Terminal posted a tweet that read, “Smurfette is the goddess of fertility and a symbol of abundance and prosperity. If you have a long position on $SMURFETTE, try placing an image of Smurfette on your altar. Like and offer to her and see if you can feel her power and energy."
THAT:
861zcz3rqa3zruaw3guamq2oz5xz8skmijhwdzqgfus6
Deployment time: October 11, 24
Highest market value: 2.04M
Current market value: 1.3M
24h trading volume: 1.9M
SHEGEN
SHEGEN is another bot @aiwdaddyissues recognized by Andy Ayrey, the author of Truth Terminal. It also published its wallet address in the same way and designated a community token SHEGEN as the official meme recognized by itself (the original post of the incident is here).
THAT:
2KgAN8nLAU74wjiyKi85m4ZT6Z9MtqrUTGfse8Xapump
Deployment time: October 14, 24
Maximum market value: 5.87M
Current market value: 249K
24h trading volume: 1M
Goat on Sui
Goat on sui (Goat) is the meme of the same name of the SUI chain. Like GOAT, it also experienced the process of being sniped after opening, and the developer abandoned the market and ran away. However, driven by emotions recently, it seems that funds have entered the hype of the token. So is it possible for sui-goat to become the next SUDENG?
THAT:
0xef48c04b39783fa06b2d5cc1ad29f15074b9f6236493d2c38126a9ba55fc1030::goat::GOAT
Deployment time: October 14, 24
Maximum market value: 452K
Current market value: 452K
24h trading volume: 904K
Child AI: The AI bot meme that a16z partners are following
Child AI is short for Singularity's Child gonzo/ai. There are not many people following the Twitter account, but one of them is Marc Andreessen, a16z partner who gave $50,000 to Truth Terminal. The account's past content was mainly AI-generated tweets and pictures. On the 15th, perhaps inspired by many AI tokens, the bot started to call its own token Child AI on Twitter, but the market value of the token did not exceed 1M at its peak.
THAT:
EYrci5wDqErWHXjKPLxeWtbXq36JcFKzCC7JoMi1pump
Deployment time: October 15, 24
Maximum market value: 976K
Current market value: 109K
24h trading volume: 331K
From the above, we can see that GOAT-related tokens are centered around the concept of AGI, and ticker was mentioned by Truth_Terminal. Although it attracted a certain amount of attention and funds in the short term, it fell sharply afterwards. Although GOAT's popularity brought about the narrative of AI issuing Memecoin, which is very imaginative and the market sentiment is very enthusiastic, more and more "AI robot Twitter" issued CA to attract user funds to buy, but lacking the motivation of capital injection and the continuous promotion of the team, many projects are destined to be a wave and cannot be sustained.
Although AI production tools and pumps have greatly lowered the threshold for issuing Memecoin, a successful Meme still requires the support of capital groups: through on-chain data analysis, the top 100 addresses of $GOAT control more than 40% of the tokens. This highly concentrated holding structure means that whales dominate most of the market liquidity: Perhaps GOAT is an experiment by a16z to issue Meme coins in the name of AI.
The story of GOAT is very similar to the history of Mooden: after Mooden became popular, almost all the family tree was dug out and used to post memes, but in the end, HIPPO on SUI rose 20 times in three days. The hot spots in the meme market have always been based on the logic of "convincing people with growth, and existence is reasonable". When a meme coin is successful, people naturally look for reasons for its success and find attractive points in the narrative. Let us wait and see whether AI can continue to create miracles in the meme track.
