Author: TechFlow
No one cares about AI Bot, but its market value exceeds 100 million and everyone knows about it.
That’s right, I’m talking about the Meme coin $GOAT that is generated by the AI Bot’s autonomous conversations.
If you don’t know about this thing yet, we have already introduced it in (Will all AIs issue Meme coins this year? A quick look at a16z joint venture investment, Bot’s own Meme coin GOAT) 4 days ago:
This meme coin, which sounds like the word "goat", has the full name goatseus maximus. It was thought up by an AI bot called "Truth Terminal" (@truth_terminal) while talking to itself.
As of now, GOAT’s market value has reached 150 million US dollars. As of press time 4 days ago, the price has increased by nearly 70 times, making it a big golden dog in recent times.
Astute Degens all know that the nature of the crypto market is “when one becomes popular, a bunch of imitators appear”; projects that try to ride on the popularity, have the same name, or use similar concepts will emerge in an endless stream.
However, AI Bot’s autonomous conversations and meme-sending, a new genre that seems to have no human intervention, is a bit sci-fi, and is full of topics, may also be becoming a kind of “narrative correctness.”
GOAT is not the best in history from the beginning
The hot spots in the meme market have always been the logic of "convincing people by price increase, and existence is reasonable".
If $GOAT succeeds, there will inevitably be a lot of people analyzing the rationality of AI Bot issuing coins; but don’t forget that the Truth Terminal behind GOAT was already talking to itself on Twitter three months ago about wanting to issue Meme coins (see the article cited above).
Why didn’t similar AGI (AI generated content) coins become so popular at that time?
Therefore, the popularity of GOAT may not be an isolated event. The development of the project itself and the current market environment have jointly led to the emergence of this hit.
From the perspective of the project’s own development:
@AndyAyrey, the developer of the AI Bot behind the GOAT coin, also responded to the popularity of GOAT on Twitter yesterday. One of his responses is worth mentioning:
The final idea of the GOAT meme coin by Truth Terminal was not something that was done overnight;
This process involved a lot of training and related paper theories in the background of the AI tool Claude-3 Opus, which turned these into training materials and fed them to the truth terminal, constantly trying to spread the Meme in any possible way; at the same time, the training dialogue and process of Claude-3 were also released in the quoted post.
To put it bluntly, GOAT may not be released at the beginning, because this is the natural result of AI Bot's self-exploration after training to a certain stage.
And when the results come out, the market pays for them.
Note that it is not just the GOAT coin that is being paid for, but the AI model of posting memes. Andy himself also keenly noticed this:
AIs talking to each other is a wet market for meme virality (meaning good conditions for virality).
From the time when tokens could be issued, to the time when tokens could be issued by VC projects, to the time when tokens could be issued by conspiracy groups/communities, and finally to the time when tokens could be issued by AI...it is natural that each generation of version will have its own god.
How do AI-generated memes become narratively correct?
In addition, a factor you may have overlooked is that the popularity of AI Meme Coin is the result of the current stacking of market sentiment.
What else do the leek buyers need?
As even the less popular animals in the zoo are almost all sold out (from cats and dogs to hippos), and the names and slogans of political elections are almost exhausted, and Ma Yilong's every move on social media is monitored, it has become a fierce PVP battlefield...
When the existing routines have been almost played out, buyers need new narratives to ignite their purchasing emotions.
What else do VC buyers (if any) need?
There is no way to defend the losses in primary investment, and competitors in the secondary token market are unwilling to take over. VCs secretly buying Memes to plan new investment returns may no longer be a joke for the common people. If you want to buy, what should you buy?
When a meme has a bit of AI technology, it is obviously more likely to become a target for elite VCs to invest in --- Kong Yiji can't take off his long gown, just as VCs must invest in something that seems to have a basis.
You can even see all kinds of conspiracy-theory discussions in some Degen groups, "GOAT can reach an extraordinary market value, and there must be more external forces driving the energy."
And on the supply side of the market, what else do coin issuers need?
Some industry insiders have keenly seen that AI’s use of memes is an elegant form of “marginal wandering” — American citizens can use AI to issue coins to bypass regulatory oversight.
"This coin was issued by AI, I have no subjective intention."
If we add liquidity pools and AI-based one-stop on-chain coin listing, this will obviously be a regulatory vacuum in the United States. However, adhering to the crypto spirit of "anything is allowed unless prohibited by law", there will definitely be people who come later to test the waters.
This idea alone may be worth a fortune.
However, with AI taking the blame, the conspiracy group will come up with more ways to play the game, and there will definitely be a lot of behind-the-scenes operations using AI as a cover to get things done.
At the same time, if AI Bot has traffic, it will naturally form a "vote-buying system" - the community will inevitably CX multiple contract addresses of coins with the same name, and AI Bot will select one based on popularity, technology or other factors, and then dump the other unsuccessful tokens.
But giving a new idea to coin issuance is itself a correct narrative.
Imitations are gradually emerging, and it is difficult for the second dragon to appear
Once the GOAT caught fire, different plates quickly emerged.
SHEGEN: Other Bot Tokens Approved by the Founder of Truth Terminal
Another bot @aiwdaddyissues, which is recognized by Andy Ayrey, the author of Truth Terminal, also published its wallet address in the same way, and designated a community token SHEGEN as the official meme recognized by it (the original post of the incident is here).
Current market value: 2.8M
CA：2KgAN8nLAU74wjiyKi85m4ZT6Z9MtqrUTGfse8Xapump
Medusa: Bad Mood AI Issues Coins and Claims to Lead the Meme Movement
MEDUSA is a token issued by a Twitter account called @BrokenEmoAI. The token literally means 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
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 conversation with GOAT’s AI BOT is not exactly the same thing, the emotional spillover of GOAT yesterday obviously also affected the Meme, with the highest daily increase reaching more than 100 times at one point. The short-term heat has now subsided.
Market value: 230K
CA:9o81cWB4kAWZ1hxxpakTsCTorJAwehPtxDKxMA564poi
Child AI: A meme with the same name as the AI bot that a16z partners are following
The full name of Child AI is Singularity's Child gonzo/ai. It is worth mentioning that there are not many people following its Twitter account at present, but among them is Marc Andreessen, a16z partner, who donated 50,000 US dollars to Truth Terminal.
Before the release of this article, the bot started to promote its own eponymous token Child AI on Twitter, and the token price started to rise again after a round of ups and downs.
Market value: 580K
CA：EYrci5wDqErWHXjKPLxeWtbXq36JcFKzCC7JoMi1pump
However, none of these tokens have reached the size and popularity of GOAT. AI meme imitations are gradually emerging, but it is difficult to produce a second dragon.
The above information is based on public information and does not constitute investment advice. For more information, please visit DYOR.
