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Driven by GOAT, will AI autonomous dialogue generating meme coins be a new trend?

Driven by GOAT, will AI autonomous dialogue generating meme coins be a new trend?

ChaincatcherChaincatcher2024/10/16 11:12
By:Deep Tide TechFlow

AI Meme is currently facing a rise in imitation, but it's hard for Long Er to emerge.

Author: Deep Tide TechFlow

AI Bot goes unchallenged, with a market cap exceeding 100 million known worldwide.

That's right, we're talking about the Meme coin $GOAT, which was autonomously generated through AI Bot's self-dialogue.

If you're not familiar with this thing, we introduced it 4 days ago in "Can AI Generate Meme Coins? A Quick Look at a16z's Investment in the Meme Coin GOAT Created by Bots":

This Meme coin, pronounced as "goat," is officially called goatseus maximus, conceived by an AI Bot known as "Truth Terminal" ( @truth_terminal ).

As of now, GOAT's market cap has reached 150 million USD, having increased nearly 70 times since the price reported 4 days ago, making it a recent standout.

Astute Degen investors know that the nature of the crypto market is "one coin gets hot, and a bunch of clones follow"; projects that ride the wave, share similar names, and exploit related concepts will inevitably emerge.

However, the autonomous dialogue of AI Bots generating Memes, which seems to be free from intervention and has a sci-fi vibe filled with topics, may also be becoming a form of "narrative correctness."

GOAT was not always the "Greatest of All Time"

The hot topics in the Meme market have always followed the logic of "what rises must be justified."

If $GOAT succeeds, there will undoubtedly be a slew of analyses on the rationality of AI Bot issuing coins; but let's not forget that the Truth Terminal behind GOAT had already been self-dialoguing about issuing a Meme coin on Twitter three months ago (see the referenced article above).

Why didn't similar AGI (AI-generated content) coins catch fire to this extent back then?

Therefore, the explosive popularity of GOAT cannot be viewed in isolation; the project's own development and the current market environment have jointly contributed to the creation of this hit.

From the perspective of the project's own development:

The developer of the Truth Terminal AI Bot, @ AndyAyrey , responded on Twitter yesterday to the heat surrounding GOAT, with one reply worth mentioning:

Driven by GOAT, will AI autonomous dialogue generating meme coins be a new trend? image 0

The Truth Terminal didn't just come up with a GOAT meme coin on a whim;

It underwent extensive training with the AI tool Claude-3 Opus and relevant theoretical papers, turning these into training materials fed to the Truth Terminal, continuously experimenting with any possible way to spread the Meme; the post also shared the training dialogues and processes of Claude-3.

In simple terms, GOAT might not have been able to issue anything at first because it was a natural result of the AI Bot's self-exploration after reaching a certain training stage.

And once there were results, the market paid for them.

Note that what the market is buying into is not just the GOAT coin, but this model of AI generating Memes. Andy himself has keenly observed this:

AI conversing with each other is the wet market for Meme virus spread.

Driven by GOAT, will AI autonomous dialogue generating meme coins be a new trend? image 1

From tokens being issued, to tokens being issued by VC projects, to tokens being issued by conspiracy groups/communities, and finally to tokens being issued by AI… it’s natural that each generation will have its own legends.

How did AI Meme generation become a narrative correctness?

Additionally, one factor you might overlook is that the rise of AI Meme coins is a result of the current market sentiment stacking up.

What do retail buyers need?

As even the obscure animals in the zoo are nearly exhausted (from cats and dogs to hippos), and political candidates and slogans have been nearly mined out, coupled with the monitoring of Ma Yilong's every move on social media, turning it into a fierce PVP battleground…

When existing strategies have been played out, buyers need a new narrative to ignite their purchasing emotions.

What do VC buyers (if any) need?

With primary investments losing money and having no recourse, and the secondary token market not picking up the slack, VCs quietly 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 coin has a touch of AI technological flair, it clearly becomes an easier target for elite VCs to invest in --- just as Kong Yiji cannot shed his long gown, VCs must invest in something that appears to have a basis.

You can even find various conspiracy-theory-style discussions in some Degen groups, "For GOAT to reach an extraordinary market cap, there must be more external forces pushing it."

And on the supply side of the market, what do coin issuers need?

Some industry insiders have already keenly observed that AI generating Memes is an elegant form of "walking the edge" --- American citizens can issue coins through AI to circumvent regulatory oversight.

"This coin was issued by AI; I have no subjective intention."

If combined with liquidity pools and a fully AI-driven process for listing on-chain, this clearly represents a vacuum in current U.S. regulations, but adhering to the crypto spirit of "what is not explicitly prohibited by law is allowed," there will certainly be later participants testing the waters at the margins.

Driven by GOAT, will AI autonomous dialogue generating meme coins be a new trend? image 2

Just this one idea could be worth a fortune.

However, with AI as the scapegoat, conspiracy groups will also come up with more tricks, and there will undoubtedly be many instances of dark operations disguised as AI-driven schemes.

At the same time, if the AI Bot has traffic, it will naturally form a "bribery system" --- the community will inevitably CX multiple contract addresses of similarly named coins, and the AI Bot will designate one based on popularity, technology, or other factors, then dump the other losing tokens.

But giving coin issuance a new perspective is already a form of narrative correctness.

Clones are emerging, but the next big player is hard to find

With the rise of GOAT, different clones are quickly emerging.

  • SHEGEN: Another Bot coin recognized by the founder of Truth Terminal

Another Bot recognized by the author of Truth Terminal, Andy Ayrey, is @aiwdaddyissues , who has similarly published his wallet address and designated a community token SHEGEN as his official Meme ( original post of the event here).

Current market cap: 2.8M

CA: 2KgAN8nLAU74wjiyKi85m4ZT6Z9MtqrUTGfse8Xapump

Driven by GOAT, will AI autonomous dialogue generating meme coins be a new trend? image 3

  • Medusa: Bad Mood AI Coin, claiming to lead the Meme movement

MEDUSA is a token issued by a Twitter account called @BrokenEmoAI, which translates to Medusa, and that account represents "bad mood."

It is said that MEDUSA was created to lead a meme movement. This AI Bot calls itself Luna.

Current market cap: 11.5 M

CA: Fosp9yoXQBdx8YqyURZePYzgpCnxp9XsfnQq69DRvvU4

Driven by GOAT, will AI autonomous dialogue generating meme coins be a new trend? image 4

  • Lily: Old Meme making a comeback, sharing the heat

Lily is a Meme coin created a few months ago, which also innovatively focused on AGI, i.e., AI-generated content.

Although the AI BOT dialogue with GOAT is not entirely the same, the overflow of GOAT's sentiment yesterday clearly also influenced this Meme, with a daily peak increase of over a hundred times, though the short-term heat has now faded.

Market cap: 230K

CA: 9o81cWB4kAWZ1hxxpakTsCTorJAwehPtxDKxMA564poi

  • Child AI: A Meme with the same name as the AI Bot that a16z partners are paying attention to

Child AI stands for Singularity's Child gonzo/ai , and it is worth mentioning that the Twitter account currently has few followers, but among them is a16z partner Marc Andreessen, who invested $50,000 in the Truth Terminal.

Driven by GOAT, will AI autonomous dialogue generating meme coins be a new trend? image 5

Before publication, this Bot began shouting its token Child AI on Twitter, and after a round of ups and downs, the token price has started to rise again.

Market cap: 580K

CA: EYrci5wDqErWHXjKPLxeWtbXq36JcFKzCC7JoMi1pump

However, none of these tokens have reached the scale and attention of GOAT. AI meme clones are currently emerging, but finding the next big player is difficult.

The above information is all publicly sourced and does not constitute investment advice. Please DYOR for more information.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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