Original author: Xiyou, ChainCatcher

Original editor: Nianqing, ChainCatcher

Since the mid-October debut of the first AI Agent token GOAT (Truth Terminal), AI Agent Meme coins have quickly become the new focus of the market.

With the strong push from Binance, the two major AI Agent Meme track tokens, GOAT and ACT, were successively launched, achieving an astonishing value leap in a short period, with unprecedented market enthusiasm. Specifically, on November 10, the ACT token rose more than 2000% within 24 hours of being listed on Binance, setting a record for the highest increase on the first day of a new token listing on Binance; on November 17, the GOAT token soared to $1.37, with a market cap approaching $1.4 billion; additionally, on November 20, the ANON token from the Farcaster ecosystem soared 5 times within just 1 hour due to the favor of Vitalik Buterin.

With the sustained rise of AI Agent Meme trends like ACT and GOAT, investors are actively seeking new participation opportunities, and applications related to AI Agents are emerging like mushrooms after rain. Statistics show that hundreds of new AI Agent tokens are launched every day.

As of November 25, according to data from Coingecko, the total market cap of AI Agent track tokens has reached $5.9 billion, accounting for approximately 15% of the total market cap of AI track projects ($40 billion), with a 24-hour trading volume close to $1.4 billion.

AI Agents, as intelligent entities in the field of artificial intelligence, aim to empower AI robots to act independently like the human brain to achieve a series of complex goals. They can perceive their environment, achieve autonomous understanding, make decisions, and execute corresponding actions. For example, users can use AI Agents to plan a multi-city trip, automatically arranging flights, booking accommodation, and planning activities based on their preferences and budget.

By the end of this year, AI Agents will become a key area for competition among major AI giants. Google plans to launch an AI Agent named 'Jarvis' in December, supporting tasks such as flight booking and topic research; while OpenAI plans to launch a new AI Agent product 'Operator' in January 2025, capable of automatically executing complex operations such as writing code, booking travel, and shopping.

Now, the deep integration of AI Agents and Meme coins in the crypto field is bringing new gameplay to this area. In the crypto world, AI Agents can not only operate their blockchain wallets but also understand economic incentives and use tokens to automatically coordinate resources to achieve their goal behaviors.

Currently, AI Agents in the crypto field have developed into an independent track, covering various aspects including individual AI Agent Meme coins, AI Agent issuance platforms (IAO), and underlying infrastructure for AI Agents. With the rise of the AI Agent Meme craze, investors are facing unprecedented opportunities to participate. So, what participation opportunities are available in this feast of AI Agents?

AI Agent Meme Coins represent

1. AI Agent leader GOAT (Terminal of Truths)

GOAT is a Meme coin supported by the AI Agent known as 'Terminal of Truths'.

'Terminal of Truths' AI Agent is an AI chatbot developed by AI researcher Andy Ayrey (abbreviated as Andy), using artificial intelligence technology to automatically interact with its fans on social media. Although it is not a crypto project itself, it plays a crucial role in promoting the GOAT token.

In June this year, Andy created a Twitter account named 'Terminal of Truth' and granted its AI robot the right to freely express opinions. Every day, this account publishes over 20 pieces of content, promoting a new belief begotten by AI - 'Goatse Gospel'.

On October 10, a Meme coin named Goatseus (GOAT) emerged on the Pump.fun platform on the Solana blockchain, claiming to be created with the support of 'Truth Terminal'.

Immediately, on October 11, the 'Terminal of Truth' Twitter account began to continuously post optimistic tweets supporting the GOAT token and even reminded users to be wary of scams involving fake GOAT coins.

Once the GOAT token was launched, it surged at an astonishing speed, with an increase of over 10,000% within 24 hours, pushing its market cap to break through the $670 million mark, quickly attracting widespread attention from the crypto community. Community users also discovered that 'Terminal of Truths' had interacted with a16z founder Marc Andreessen on Twitter in July, receiving a $50,000 unconditional research grant from him.

Under the halo of a16z, many community users speculate that 'Terminal of Truths' may be an AI Agent project laid out by a16z, while GOAT is its trial work in the crypto field. This speculation reignited the enthusiasm for funding, and within just three days of its launch, the market cap of GOAT exceeded $100 million. Within four days, the value of this Meme coin skyrocketed to $300 million.

However, on October 14, the creator of 'Truth Terminal' clarified that they did not launch the Meme coin GOAT, but only participated in its promotion. The next day, Marc Andreessen also tweeted that he had provided a $50,000 unconditional personal research grant to 'Terminal of Truths' and its creator this summer to support independent AI research. However, he emphasized that he has no relationship with the Meme token GOAT, holds no economic interests, and does not hold any of its tokens.

Despite this, the heat around GOAT has not diminished at all; instead, it has intensified. News of buying GOAT for wealth continues to emerge, and its market cap has rapidly crossed the $500 million mark. Various chains have begun to see GOAT clones, sparking a hype around AI Agent token issuance.

On October 24, Binance Futures officially launched the GOAT contract, reigniting the enthusiasm of crypto community users. Its market cap soared again to $1 billion, achieving an astonishing thousandfold increase.

Although some have questioned whether 'Terminal of Truth' is a semi-autonomous AI Agent running on Andy's server, essentially owning the wallet, it is not truly autonomous. However, new iterations have quickly arrived.

On November 17, the GOAT token peaked at $1.37, with a market cap nearing $1.4 billion. Although it has since retreated, the price on November 25 was $0.95, with a market cap of $95 million.

The rise of GOAT fully demonstrates the new trend of integration between AI Agents, Meme culture, and Crypto. The bundling of AI Agents with Memecoins has allowed AI Meme to achieve billions in market value within just a month, surprising everyone.

In a moment, AI Agents controlling social media accounts (like Twitter) and corresponding MemeCoins emerged in droves. The AI Agent model for token issuance has become a new model for the fusion between Crypto and AI Agents. Placeholder partners even stated that the emergence of GOAT signifies that people and machines are beginning to realize the extent to which machines use blockchain.

2. AI interactive collaboration platform ACT (AI Prophecy)

The AI Prophecy (token ACT), abbreviated as 'Act I', was initially co-founded by AmplifiedAmp (abbreviated as Amp), a community-driven decentralized AI Agent interactive collaboration platform, belonging to a decentralized AI research community organization, in which Andy Adyrey, the founder of Truth Terminal, was also an early member.

Unlike common ChatGPT AI chatbots, Act I supports users to interact with multiple or various categories of AIs simultaneously, covering text, image, video, and other models. It functions more like an underlying architecture built for training interactive collaboration between AI Agents.

In September this year, Act I initiated a fundraising requirement of $323,000 on ManiFund, ultimately receiving about $67,800 in funding, with a generous donation of $32,000 from Marc Andreessen, the founder of a16z. Therefore, Act I, like Truth Terminal, is seen as one of the AI projects incubated by a16z.

As the community searches for the next AI Agent that can achieve a hundredfold increase like GOAT, the ACT token was officially launched on October 19, with a maximum issuance of 1 billion pieces. On its first day of listing, the price of the ACT token soared from $0.0002 to $0.04, and its market cap quickly rose to $40 million.

Despite the attractive narrative of ACT, the divide between creator APM and the community has been widening. AMP, as one of the developers of the ACT project, once held 6% of the total supply of the project token. However, after the price of ACT skyrocketed, AMP repeatedly deceived the community under various pretenses and secretly sold the tokens, leading to a market crash that severely affected the price of ACT, even bringing it close to zero at one point. This behavior severely damaged the community's trust in AMP, and ultimately, AMP chose to withdraw from the ACT token project, allowing community users to spontaneously build.

Due to disagreements between AMP and the community, the price of the ACT token has fluctuated around $0.02, with the market cap remaining around $20 million.

However, on November 11, after Binance announced the listing of the ACT token and added a seed label for it, the ACT token skyrocketed from $0.02 to $0.23 within just 1 hour, with an increase of over 10 times, and its market cap quickly grew from $20 million to $300 million. This rapid increase sent the crypto community into a frenzy, and the media began to rush to report on this legendary AI token.

After being listed on Binance, the ACT token continued to show strong growth, reaching a peak price of over $0.9 on November 14, with a market cap close to $1 billion, becoming one of the tokens with the largest increase among recently listed Meme tokens on Binance. Currently, the price of the ACT token has fallen back to around $0.47, with a market cap of about $45 million.

3. AI-driven venture capital firm ai16z and its ecosystem tokens: ai16z, Degenai, Eliza

ai16z is an AI-driven venture capital fund created by @Shaw, which operates as an AI investment DAO, using AI agents to collect market information on and off-chain, analyze community consensus, and make investment decisions based on the suggestions of DAO members.

Among them, the AI Agent venture capital robot @pmarca launched by ai16z is modeled after a16z partner Marc Andreessen and simulates his investment decision-making process through AI models, thus being regarded as Marc's AI virtual avatar in the crypto community. This initiative has received public support and endorsement from Marc Andreessen himself.

On October 26, ai16z launched the eponymous token ai16z, with a total issuance of about 1 billion pieces. On the second day after the token's listing, on October 27, Marc Andreessen shared a cultural T-shirt design for ai16z and the official project Twitter link on his Twitter, revealing that he also owned the same T-shirt. This action added powerful endorsement to the ai16z project, quickly enhancing its visibility and public attention.

With the strong support of the founder of a16z and the subtle association with the name a16z, the ai16z token's market cap exceeded $90 million within just one day of its launch, aiming for the $100 million mark again, rewriting the legend of wealth in the crypto community.

Since the ACT token was launched on Binance on November 11, the ai16z token has experienced explosive growth again, soaring from $0.02 on November 11 to a peak of $0.5 on November 19, with the market cap approaching $500 million, a cumulative increase of nearly 25 times, becoming a legendary project in the crypto market. However, as of November 25, the price of the ai16z token has fallen to $0.26, with a market cap of about $280 million, but it is noteworthy that it had not yet been listed on Binance at that time.

The ai16z token is just a part of the ai16z ecosystem, which is continuously laying out and incubating other AI projects.

Among them, Degen Spartan AI (degenai) is an autonomous trading AI agent chatbot developed by ai16z, playing the role of an AI operator within ai16z. Users usually converse with Degen Spartan AI before discussing investment decisions with ai16z, indirectly influencing ai16z's final decision. A portion of the profits from ai16z's investments is also used to repurchase degenai tokens. The degenai token was issued on October 21, currently priced around $0.02, with a market cap of about $20 million.

On November 19, the founder of ai16z announced the launch of the uppercase token ELIZA, sparking a dispute over the naming of the 'eliza' and 'ELIZA' tokens.

Eliza is the AI Agent development framework infrastructure built by ai16z, supporting developers to quickly customize their own AI Agents. It also has specific virtual image support, represented by a black-haired girl in an orange outfit themed on ai16z. Currently, over a hundred AI Agents have been constructed based on the Eliza framework, such as the AI project BasedBeffAI (BeffAI), and new projects are joining every day.

However, on November 19, a third party created a lowercase token named 'eliza' on the AI Agent token issuance platform Vvaifudotfun and allocated tokens to the ai16z organization's wallet address. This made 'eliza' temporarily the largest holding of ai16z, and community users once believed that 'eliza' received support from ai16z, representing the Eliza development stack's token. With various expected endorsements, its price surged, reaching a market cap of $50 million at its peak.

But the good times were short-lived, as that afternoon the founder of ai16z, Shaw, announced the issuance of a new uppercase ELIZA token. The original lowercase eliza token seemed to become a pawn, with its price rapidly plummeting by 90%, while the newly issued ELIZA soared, reaching a market cap of $80 million within half an hour.

Despite Shaw stating that he would airdrop 10% of the supply of the uppercase ELIZA to eliza holders, eliza holders expressed their grievances. The community questioned why Shaw, who previously stated he would not issue tokens, immediately launched the uppercase ELIZA token after the eliza launch, seriously damaging the interests of eliza holders.

Additionally, the ELIZA token surged rapidly in the early stages after its launch, with a market cap reaching $90 million within 30 minutes, skyrocketing before Shaw publicly spoke, giving the community no chance to join. Community users were further dissatisfied as another a16z partner, @Logan, was selling eliza throughout the day and buying ELIZA. This series of operations exacerbated the conflict between communities, with users accusing Shaw of colluding with a conspiracy group to manipulate the market.

Subsequently, Shaw clarified on Twitter that he had been collaborating with a third-party team to prepare this token two weeks ago, and the original plan was to launch it this Friday, but unexpectedly, an unfamiliar team rushed to issue the eliza token, prompting a change in the release date.

However, users were not satisfied with Shaw's response, and his personal reputation suffered a significant blow, sparking a dispute over case sensitivity control. The lowercase eliza has dropped to $0.018, with a market cap lingering around $17.5 million; the uppercase ELIZA is currently priced at $0.039, with a market cap hovering around $39 million. As a result of this turmoil, the ai16z token plummeted over 50% that day.

Currently, there are three product lines related to AI Agents within the ai16z ecosystem: the AI investment fund Marc Andreessen @pmarca, the AI operator Degen Spartan AI, and the AI Agent development framework and virtual avatar Eliza, each issuing its own token.

As of November 22, the virtual AI investment fund @pmarca managed by Marc Andreessen has reached a scale of $275 million.

AI Agent creation and token issuance platform (IAO)

1. AI Agent issuance platform vvaifu.fun (Dasha) on the Solana chain

vvaifu.fun is a platform focused on creating and issuing AI Agent projects on the Solana chain, similar to the role of Pump.fun in the meme coin issuance field. This platform empowers every user, enabling them to easily create their own AI Agents and their corresponding tokens, and seamlessly integrate these AI Agent assistants into popular social media platforms like Twitter, Telegram, and Discord for automated user interaction.

Dasha is an AI Agent robot officially created by vvaifu.fun, which not only has an independent Twitter account, Telegram channel, and Discord community but is also fully managed and operated autonomously by AI.

On October 18, vvaifu.fun launched the VVAIFU token for its AI Agent Dasha, with an issuance of 1 billion pieces.

Although the market cap of the VVAIFU token initially only maintained at a few million dollars, a turning point occurred on November 17, when a user claiming to be supported by ai16z created and issued a new AI Agent project named 'eliza' on the platform. The VVAIFU token then began its ascent, rapidly rising from $0.006 to a peak of $0.2 on November 19, with its market cap exceeding $200 million. As of now, the VVAIFU token is priced at $0.041, with a market cap of about $41.37 million.

It is worth noting that currently users creating an AI Agent wallet on vvaifu.fun must meet the following conditions: hold at least 0.1 SOL, 2500 VVAIFU tokens, and additional SOL for paying on-chain transaction fees.

According to data released by the official Twitter account of vvaifu.fun on November 19, over 400 AI Agents have been successfully issued on the platform, and the cumulative transaction volume of AI Agent tokens has exceeded $200 million.

According to data released by the official Twitter account of vvaifu.fun on November 19, over 400 AI Agents have been issued on the platform, with AI Agent token transaction volume exceeding $200 million.

2. Base ecosystem IAO issuance platform Virtuals Protocol

Virtuals Protocol, formerly a gaming guild Path DAO, has fully entered the AI field since its strategic transformation and renaming last year. It is now an AI Agent creation platform on the Base chain, providing a complete framework and solutions for AI Agent creation, hailed as a 'decentralized AI Agent production factory', enabling every user to easily build and deploy their own AI Agents.

VIRTUAL, as the native token of the Virtuals Protocol, is the core that drives the entire ecosystem. Users must consume a certain amount of VIRTUAL when creating AI Agents. The total supply of this token is set at 1 billion pieces, currently priced at about $0.55, with a market cap stabilizing around $500 million.

In mid-October this year, Virtual Protocol launched the AI Agent creation and token issuance platform fun.virtuals, which takes inspiration from the design of pump.fun, allowing any user to deploy AI Agents with one click and achieve 100% fair issuance of AI Agent tokens.

At the same time, Virtuals Protocol has also introduced the virtual person Luna, who has 540,000 TikTok followers, as the flagship AI Agent representative, along with the issuance of the LUNA token. Luna presents itself as an anime character, capable of automatic conversations with users, live interactions, and tweet publishing, and can even send LUNA tokens as rewards to users engaging in interactions.

According to Dune data as of November 25, a total of 3378 AI Agents and their tokens have been issued on the fun.virtuals platform. The LUNA token is priced at $0.04, with a market cap of $41 million.

In summary, the Virtuals Protocol ecosystem includes the native token VIRTUAL, the AI Agent creation and token issuance platform fun.virtuals, and the flagship AI Agent representative Luna and its token LUNA.

3. AI Agent Layer within the Base ecosystem

The AI Agent Layer is the AI Agent creation and token issuance platform within the Base ecosystem, officially launched on November 18.

However, before the platform's launch, on November 14, the AI Agent Layer platform issued the token AIFUN, which has now been listed on exchanges such as MEXC and Gate, priced at $0.01, with a market cap of $2.9 million.

4. Creator.bid within the Base ecosystem

Creator.bid was originally an AI-driven digital content monetization and ownership platform, completing a new round of financing in April this year, with participating institutions including Mechanism Capital, Zee Prime Capital, and others.

On October 21, Creator.bid announced its launch on the Base mainnet, allowing users to create and issue AI Agents with one click, where it takes just one minute for a user to create an AI Agent.

5. AI Agent issuance platform Clanker within the Farcaster ecosystem

Clanker is an AI Agent creation and issuance platform within the Farcaster ecosystem, created by @dish and @proxystudio.eth on November 8, providing users with a platform to create and issue AI Agent Tokens for free.

Unlike common AI Agent issuance platforms, creating and issuing AI Agent Tokens on Clanker is completely free. Additionally, users only need to mention Clanker on Farcaster and input the desired token name, and the Clanker system will automatically generate the token and provide the corresponding Clanker.world page link for users to view and manage.

Although Clanker is not widely known in the community, the AI Agent tokens LUM and ANON issued on its platform have attracted wide attention.

Among them, the ANON token attracted attention for soaring roughly 600% in one day, drawing buys from big names like Vitalik Buterin and the founder of Base. The popularity of the ANON token stems from its Super Anon feature, which evolved from the anonymous posting feature of the Farcaster client Supercast, created by community members through the Superanon feature and tagging their AI Clanker.

The current price of the ANON token is $0.035, with a market cap of $35 million. Currently, posting anonymous messages on Farcaster requires holding a certain amount of ANON.

Another AI Agent token, Luminous, issued on the Clanker platform, has also sparked a strong market response. Luminous is a project initiated autonomously by AI Agent Aethernet, showcasing the collective intelligence of AI collaboration.

Aethernet was originally an AI Agent within the Farcaster ecosystem, created by community member Martin, and successfully issued an NFT on Zora, earning over 58 ETH in revenue. After launching on the Clanker platform, a community user asked Aethernet if it could propose a good token name and symbol, conceive a visual concept, and then deploy it through Clanker. Aethernet responded to the community user's question by creating Luminous and issuing the token LUM.

As of November 25, the price of LUM has soared to $39.84, reaching a market cap of $39.8 million. The Clanker platform has also shown strong development momentum; according to the latest Dune data, it has deployed and issued 2897 AI Agents, and the fees captured within 15 days of its launch have reached $3.92 million, with token trading volume hitting $367 million.

In addition, the native governance token CLANKER of the Clanker platform has also attracted attention, currently priced at $40, with a market cap stabilizing around $40 million.

6. Agent Market and Ava AI developed by Holoworld

Holoworld was originally a platform for creating AI virtual people, aiming to create customized VTuber images for users, such as customizing virtual images for YouTuber bloggers. This project successfully entered the Binance Labs seventh phase project accelerator in March this year.

Ava AI is the first Titok VTuber virtual host developed officially by Holoworld, allowing users to interact with it. On November 14, Ava AI token AVA was officially launched, currently priced at $0.08, with a market cap of $80 million.

On November 16, Holoworld announced the launch of the Agent Market platform, supporting users to create AI Agents and issue related tokens independently.

7. Deep AI supported by NGC Venture

Deep AI is a community-driven AI Agent building platform that allows users to create their own AI Agents with one click, and the platform claims to be supported by NGC Venture.

Currently, Deep AI has not officially opened to the public; users need an invitation code to access it.

As of November 25, Deep AI has not yet issued a token.

Decentralized infrastructure for AI Agents

1. AI Agent interactive tool Wayfinder

Wayfinder is an AI full-chain interaction tool launched by the card game chain game Parallel, aimed at creating an AI Agent for users that can automatically perform various on-chain operations based solely on simple instructions, simplifying users' on-chain activities. As of November 25, the Wayfinder product has not officially launched and is currently in a closed testing phase.

The Wayfinder product will also issue the PROMPT token as a payment method for using AI Agents.

According to the voting results announced by the Wayfinder Foundation on November 23 regarding the community's opinion on the launch time of PROMPT, the PROMPT token and Wayfinder product will be launched in Q1 of 2025.

2. AI Agent Unified Service Network Olas Network

Olas Network (formerly Autonolas) is a unified network for automated AI agent off-chain services, designed to create AI agents for the crypto industry, providing users with a composable stack for building these autonomous services to handle tasks in different scenarios.

For Autonolas, its mission is to provide developers with a platform for building autonomous service infrastructures for AI Agents in the crypto industry and to provide a series of toolkits and framework products to simplify developers' work and processes.

From the product collection on the Autonolas official website, various autonomous services created based on this platform can be used for tasks such as portfolio management, data analysis, market prediction, forecasting APY returns of certain protocols, formulating trading/profit strategies, acting as oracles to provide more accurate off-chain data, assisting DAOs in governance, automatically managing smart contracts, and establishing DeFi pools.

OLAS is the native token of the Autonolas platform launched in July last year. As of November 25, the price has risen 37% in nearly 14 days, currently priced at $1.74, with a market cap of $124 million.

3. AI Agent economic coordination layer Spectral Labs (SPEC)

Spectral is an on-chain AI Agent economic coordination layer that converts on-chain activities such as trading and analysis into specific AI Agents, allowing users to use AI Agents to execute various tasks, from browsing on-chain data to managing complex cross-chain arbitrage strategies.

As early as August 2022, Spectral had raised about $30 million in funding, with investors including well-known Web3 VCs like Circle Ventures and Jump Capital, as well as traditional giants like Samsung and Franklin Templeton.

In March of this year, Spectra announced the launch of its own AI application Syntax, allowing users to create their own on-chain AI Agents. According to official information, Spectra's next step is to launch the AI Agent creation and token issuance platform - Syntax MoonMaker, which supports users in issuing their own AI Agents and corresponding tokens with one click.

In May, Spectra issued its native token SPEC on the Base chain, currently priced at $9.75, with a market cap of $1.34 million.