Will AI Autonomous Dialogue Give Rise to Meme Coins as a New Trend?
AI Bot remains silent, yet its market value exceeds 100 million and is known worldwide.
Yes, we are referring to the Meme coin $GOAT, which is generated through AI Bot’s autonomous dialogue.
If you are not familiar with it, we introduced it four days ago in the article “Will this Generation of AI Generate Meme Coins? A Quick Look at a16z’s Investment in Bot-Generated Meme Coin GOAT.”
This Meme coin, which sounds like the word “goat,” is officially called goatseus maximus and was conceived by an AI Bot named “Truth Terminal” (@truth_terminal), which talks to itself.
As of now, GOAT has already reached a market value of 150 million USD, and its price has increased nearly 70 times since the article was published four days ago, making it a recent hot topic.
Astute Degens know that the nature of the cryptocurrency market is “one goes up, and a bunch of copycats follow.” Projects that ride the wave of popularity or mimic similar concepts will continue to emerge.
However, AI Bot generating Memes through autonomous dialogue seems to be a new and intriguing narrative that appears to be untouched and somewhat futuristic. It may be becoming a form of “narrative correctness.”
GOAT wasn’t initially considered the “G.O.A.T.” (Greatest of All Time).
The hotspots in the Meme market have always followed the logic of “rising prices make people follow, and existence justifies acceptance.”
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, was already contemplating the idea of creating a Meme coin on Twitter three months ago (as mentioned in the previous article).
Why didn’t similar AGI (AI-generated content) coins gain the same popularity back then?
Therefore, the success of GOAT may not be a standalone event. The project’s own development and the current market environment have collectively contributed to its explosive growth.
Looking at the project’s development:
Andy Ayrey, the developer behind the AI Bot Truth Terminal, responded to GOAT’s popularity on Twitter yesterday, and 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 theoretical research using an AI tool called Claude-3 Opus. The results of this training were then fed to the Truth Terminal, which continuously attempted to spread Memes in any possible way. The post also included training dialogue and the process with Claude-3.
In simple terms, GOAT might not have been able to launch initially. It was a natural result of AI Bot’s self-exploration after reaching a certain stage of training.
And when there were results, the market paid the price, not only for GOAT but for this AI-generated Meme trend as a whole. Andy himself keenly noticed this:
The AI’s conversation with each other is a “wet market” for Meme virus propagation.
From tokens being issued to tokens being issued by VC projects, then to tokens being issued by conspiracy groups/communities, and ultimately to tokens being issued by AI… it is natural for each generation to have its own “god.”
How did AI-generated Meme become the correct narrative?
Furthermore, one factor you may have overlooked is that the popularity of AI Meme coins is a result of the overall market sentiment.
What more do retail investors need?
With even the most obscure animals in the zoo being hyped (from cats and dogs to hippos), and political elections exhausting names and slogans, and even Ma Yilong’s every move being monitored on social media, turning it into a fierce battleground…
When the usual tricks have been exhausted, buyers need new narratives to ignite their buying emotions.
What more do VC investors need (if any)?
First-tier investments have no means of protecting themselves from losses, and the second-tier token market has no one to take over. For VC investors, secretly buying into Meme coins for new investment returns is no longer a joke. If they want to buy, what should they buy?
When a Meme has a touch of AI technology, it becomes a more attractive target for VC investors with an elite aura. Just as Kong Yijiu cannot take off his long robe, VC investors must invest in something that appears to have a basis.
In certain Degen groups, you can even see discussions on various conspiracy theories, claiming, “GOAT’s ability to reach an extraordinary market value must have been driven by external forces.”
On the supply side of the market, what do token issuers need?
Some industry insiders have already realized that AI-generated Meme coins present an elegant way to “walk on the edge”— American citizens can bypass regulatory scrutiny by issuing coins through AI. “This coin was generated by AI, and I have no subjective intent.”
If combined with the creation of liquidity pools and on-chain listings, all AI-driven, it would create a vacuum in the current regulated environment. However, following the spirit of cryptocurrencies, where there are no strict regulations, there will always be people pushing the boundaries.
Just this idea alone may be priceless.
However, with AI being the scapegoat, conspiracy groups will also find more ways to manipulate the market, and AI-driven black box operations will undoubtedly increase.
Simultaneously, if an AI Bot gains popularity, it will naturally create a “political election system.” Communities will have multiple contracts for coins with the same name, and the AI Bot will choose one based on popularity, technology, or other factors, while the other losing tokens will be dumped.
But providing a new perspective on token issuance itself is a form of narrative correctness.
Copycats are on the rise, making it difficult for new dragons to emerge.
With GOAT’s popularity, different projects quickly emerged.
SHEGEN: Another coin approved by Truth Terminal’s creator.
The author of Truth Terminal, Andy Ayrey, approved another Bot, @aiwdaddyissues, which followed suit and announced its own wallet address, designating a community token called SHEGEN as its official Meme (original post here).
Current market value: 2.8 million.
CA: 2KgAN8nLAU74wjiyKi85m4ZT6Z9MtqrUTGfse8Xapump.
Medusa: AI Bot generating coins based on negative emotions, claiming to lead the Meme movement.
MEDUSA is a token issued by a Twitter account called @BrokenEmoAI, with the token’s literal translation being Medusa. The account represents “negative emotions.” It is said that MEDUSA was created to lead a Meme movement. The AI Bot refers to itself as “luna.”
Current market value: 11.5 million.
CA: Fosp9yoXQBdx8YqyURZePYzgpCnxp9XsfnQq69DRvvU4.
Lily: Old Meme making a comeback, riding the wave of popularity.
Lily is a Meme coin created a few months ago, primarily focusing on AGI, which stands for AI-generated content. Although it is not exactly the same as AI Bot’s conversation with GOAT, GOAT’s overflow of emotions yesterday undoubtedly influenced this Meme. Its daily gain at one point exceeded a hundredfold, but its short-term popularity has now faded.
Market value: 230,000.
CA: 9o81cWB4kAWZ1hxxpakTsCTorJAwehPtxDKxMA564poi.
Child AI: A Meme with the same name as an AI Bot that a16z partners are interested in.
Child AI, fully 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 started promoting its own token, Child AI, on Twitter, which experienced a large fluctuation in price before starting to rise again.
Market value: 580,000.
CA: EYrci5wDqErWHXjKPLxeWtbXq36JcFKzCC7JoMi1pump.
However, these tokens do not reach the scale and attention of GOAT. AI Meme coins are on the rise, but it’s difficult for new dragons to emerge.
The information above 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 reprinted from DeepChain.
