Original author: Nan Zhi, Odaily
Reposted: Luke, Mars Finance
Last week, as Binance continuously launched GOAT and MOODENG contract trading, the AI Meme concept ushered in a new peak, and the zoo concept also experienced a revival. At the same time, the token Ban issued by Sotheby's Vice President Michael Bouhanna has begun to exert influence on 'art' related concepts. This article will outline recent hot tokens and the concepts behind them.
Token and Concept Overview
ai16z, degenai
ai16z was originally a 'riding on a16z' concept token issued by @pmairca on the fundraising platform daos.fun, raising a total of 420 SOL. Before October 27, its market cap fluctuated around $4 million. At 8 AM yesterday, a16z partner Marc continuously posted two ai16z related contents, leading to a rapid increase in the token, peaking at a market cap of $80 million.
Degenai is an AI token purchased from @pmairca's address, rising alongside ai16z.
According to X platform user @tocuee, the team behind @pmairca is actually an 'AI conspiracy group' that has launched a large number of AI concept Meme tokens, with many popular tokens being issued by them.
(Note: daos.fun has gained popularity due to the explosion of ai16z. For details on the platform's mechanism, see the official documentation.)
ACT
On the surface, the concept is related to the AI project ACT I, with the project developer being @amplifiedamp. The AI project itself received investment from a16z, and it is said that the token will be used for the development of the AI project.
The token initially rose due to the a16z investment concept; however, on the day of the token's issuance, developer @amplifiedamp announced the issuance of another token, causing ACT's market cap to plummet from $40 million to below $10 million. It later surged to a market cap of $70 million with the joint efforts of Chinese and foreign communities. (Note: The main force in the Chinese community is @0x cryptowizard.)
However, due to @amplifiedamp's address continuously selling tokens and the community being unable to reach a consensus, the token fell to a market cap of around $20 million.
Additionally, through the author's analysis of on-chain data, ACT was clearly a 'conspiracy' token at the beginning of its issuance, with multiple addresses that had never traded any tokens. After buying ACT on the internal market, they profited tens of thousands to hundreds of thousands of dollars before selling, and then took no further action. For example, there are the following addresses:
4QkkjUSvf3ZS1FWwb2cf2gwFfCpETCwtvbMStFhUXzPL
AACPFyaZRrUapKhz3C7oJ4Dz98zKkbBMpzauVYVhwkRG
DyY9MErexKC4ywHLWFbxqMG3GRtRkKBf4phbpaN2GyUG
Project 89
The token issued by AI developer @whyarethis is different from other AI Meme concept tokens in that @whyarethis has been deeply involved in the token's development, engaging in extensive external interactions and hosting multiple Spaces, resulting in relatively small price fluctuations.
Art Track and Secondary KOL Transformation: BAN, EYE
At the beginning of its issuance, BAN was similar to conventional Pump tokens, and after launching on the external market, its value was halved. Later, users discovered that the BAN dev address belonged to Sotheby's Vice President Michael Bouhanna, causing the token's market cap to surge to $7 million.
For unknown reasons, Michael Bouhanna deleted tweets related to his personal address (right half of the image below), causing the token to drop 85% temporarily.
After BAN fell below $1 million, many bloggers originally in the 'secondary trading' track began to promote this token (as is often the case). They believe that Michael Bouhanna deleted his tweet to avoid legal risks, which does not change the endorsement relationship of the token.
BAN's market cap peak was $60 million, and the current market cap is $26.5 million (as of October 28, 8 AM Beijing time).
Yesterday, another Dutch digital artist, Jesper (@Jesperish), also issued his token. His works have been exhibited and auctioned at well-known auction houses like Christie's and Sotheby's, but the prices have not been disclosed.
The token EYE issued by Jesperish peaked at a market cap of $20 million and currently has a market cap of $8.4 million. Jesperish stated, 'The (account) has not been hacked; this is an experiment, and (the token) is the only project I have created,' indicating a relatively deep involvement in promoting the token.
Risk Warning: The tokens mentioned in this article are selected based on the author's subjective judgment of token popularity, not for the purpose of token recommendation, and are only for readers to understand the current data and concepts of the tokens.
