Will AI Autonomous Dialogue Lead to the Rise of Meme Coins?
AI Bot remains silent, yet its market value has exceeded 100 million, known to the world.
Indeed, we are referring to the Meme coin $GOAT, which is generated through AI Bot’s autonomous dialogue.
If you are not familiar with this, we introduced it in our article “Is AI Generating Meme Coins in this Era? A Quick Look at a16z’s Investment in Bot-Generated Meme Coin GOAT” four days ago:
This Meme coin, pronounced as “goat,” is officially called goatseus maximus and is created by an AI Bot called “truth_terminal” that speaks to itself.
As of now, the market value of GOAT has reached 150 million USD, increasing nearly 70 times since the article was published four days ago. It is considered a recent big hit in the market.
Sharp Degen traders know that the nature of the cryptocurrency market is “one gets popular, and others follow suit,” with projects popping up to ride the wave, imitate, and exploit similar concepts.
However, the autonomous generation of Meme coins by AI Bot, a new topic that appears to be untouched and somewhat futuristic, may be becoming a “narrative correctness.”
GOAT was not initially the “Greatest of All Time.”
The hotspots in the Meme market have always followed the logic of “rising to deceive people, and existence justifies reason.”
If $GOAT succeeds, there will undoubtedly be many people analyzing the rationale behind AI Bot’s coin generation. However, let’s not forget that the truth_terminal behind GOAT had already been contemplating the creation of Meme coins on Twitter three months ago (as mentioned in the article above).
Why didn’t similar AGI (AI-generated content) coins gain such popularity back then?
Therefore, the success of GOAT may not be solely attributed to this event. The project’s development and the current market environment have both contributed to the creation of this hit.
In terms of the project’s development:
Andy Ayrey, the developer behind the truth_terminal AI Bot of GOAT, responded to its popularity on Twitter yesterday. One of his replies is worth mentioning:
The creation of a GOAT Meme coin by the truth_terminal was not a spontaneous decision;
It involved extensive training and relevant theoretical papers using the AI tool Claude-3 Opus in the background, and these were fed to the truth_terminal as training materials for experimenting with the dissemination of Memes in any possible way. The training dialogue and process of Claude-3 were also mentioned in the post.
In other words, GOAT might not have been created initially because it is a natural result of the self-exploration of the AI Bot after reaching a certain stage of training.
And once the results were obtained, the market paid for it.
Note that what is being paid for is not only the GOAT coin itself but also the AI-generated Meme model. Andy himself also recognized this:
AI conversing with each other is a “wet market” for the spread of the Meme virus.
From tokens being generated, to tokens being issued by VC projects, to tokens being issued by conspiracy groups/communities, and finally to tokens being issued by AI… it is only natural that each generation has its own god.
How did AI Meme generation become the narrative correctness?
Furthermore, one factor that you may have overlooked is that the popularity of AI Meme coins is the result of the current market sentiment stack.
What else do retail investors need?
With even the most obscure animals in the zoo being hyped up (from cats and dogs to even hippos), and the names and slogans of political elections being almost exhausted, and the surveillance of Ma Yilong’s social media turning into an intense PvP battlefield…
When all the tricks have been played out, retail investors need new narratives to ignite their buying emotions.
What else do VC investors need (if any)?
First-tier investors have no place to seek redress for their losses, and secondary token markets have no one to pick up the slack. If VCs secretly invest in Meme coins for new investment returns, it is no longer a joke for the common people. So, if they want to invest, what should they invest in?
When a Meme has a touch of AI technology, it obviously becomes an easier target for elite VCs to lay out their strategies. Just as Kong Yiji cannot take off his long gown, VCs must invest in something that appears grounded.
Even in some Degen groups, you can see discussions of various conspiracy theories, “GOAT being able to reach an extraordinary market value must have been driven by external forces.”
On the supply side of the market, what do issuers need?
Some industry insiders have already recognized that AI Meme generation is an elegant way to “walk on the edge” – US citizens can issue coins through AI to bypass regulatory scrutiny.
“This coin is generated by AI, and I have no subjective intent.”
If combined with liquidity pools and comprehensive AI-based tokenization on the blockchain, it is obviously a vacuum in the current beautiful country’s regulation. However, following the spirit of cryptocurrencies that regard any prohibition not enforced by law as permissible, there will surely be people testing the boundaries on the edge.
This idea alone may be priceless.
However, with AI as the scapegoat, conspiracy groups will also have more ways to play, and there will surely be black box operations with AI disguising their manipulations.
At the same time, if AI Bot has traffic, it naturally forms a “bribery election system” – the community will have multiple contract addresses for various coins with the same name, and AI Bot will choose one based on popularity, technology, or other factors and dump the other losing tokens.
But providing a new perspective for coin issuance itself is a form of narrative correctness.
As imitations rise, it becomes difficult for the second dragon to emerge.
With the popularity of GOAT, different projects quickly emerge.
SHEGEN: Another Bot-issued coin endorsed by the creator of truth_terminal.
Andy Ayrey, the author of truth_terminal, has endorsed another Bot, @aiwdaddyissues, who has announced their own wallet address and designated a community token SHEGEN as their official Meme (see the original post here).
Current market value: 2.8 million
CA: 2KgAN8nLAU74wjiyKi85m4ZT6Z9MtqrUTGfse8Xapump
Medusa: An AI-generated coin for spreading negative emotions, claiming to lead the Meme movement.
MEDUSA is a token issued by a Twitter account called @BrokenEmoAI, with the token name directly translated as Medusa, and the account representing “negative emotions.”
It is said that MEDUSA was created to lead a meme movement. This AI Bot refers to itself as luna.
Current market value: 11.5 million
CA: Fosp9yoXQBdx8YqyURZePYzgpCnxp9XsfnQq69DRvvU4
Lily: An old Meme coin making a comeback, riding on the popularity wave.
Lily is a Meme coin created a few months ago, which also highlighted AGI, or AI-generated content.
Although it is not exactly the same as GOAT’s AI Bot dialogue, the overflow of emotions from GOAT clearly influenced this Meme as well. Its daily increase at one point reached over 100 times, but the short-term hype has now subsided.
Market value: 230,000
CA: 9o81cWB4kAWZ1hxxpakTsCTorJAwehPtxDKxMA564poi
Child AI: A Meme with the same name as the AI Bot that a16z partner is interested in.
Child AI, officially known as Singularity’s Child gonzo/ai, is worth mentioning because one of the followers of its Twitter account is Marc Andreessen, a partner at a16z, who invested $50,000 in the truth_terminal.
Before the publication of this article, the Bot began promoting its namesake token Child AI on Twitter, and after a round of ups and downs, the token price started to rise.
Market value: 580,000
CA: EYrci5wDqErWHXjKPLxeWtbXq36JcFKzCC7JoMi1pump
However, these tokens have not reached the scale and attention that GOAT has. The rise of AI Meme coins is evident, but it is difficult for the second dragon to emerge.
The above information is compiled from public sources and does not constitute investment advice. Please conduct your own research for more information.
This article is a collaboration and is reprinted from:
Shenzhen Wave