GOAT’s market value exceeds 270 million US dollars. Will AI’s autonomous coin issuance become a new Meme narrative?

Original title: "Goat has become popular. Will AI self-conversation and issuing Meme coins be a new trend?"

Original source: TechFlow

No one asks about AI Bot, but the market value has exceeded 100 million and the world knows it.

Yes, I am talking about the Meme coin $GOAT issued by AI Bot self-conversation.

If you don't know about this thing, we have introduced it in "Will AI issue Meme coins this time? A quick look at a16z joint venture investment, the Meme coin GOAT issued by Bot itself" 4 days ago:

This Meme coin, which is pronounced as the word "goat", is called goatseus maximus. It was thought up by an AI Bot called "Truth Terminal" (@truth_terminal) talking to itself.

As of now, GOAT’s market value has reached 150 million US dollars. According to the price at the time of publication 4 days ago, it has risen nearly 70 times, which is considered a big golden dog in recent times. (BlockBeats Note: As of press time, the latest data shows that the market value of Meme coin GOAT has exceeded 270 million US dollars today, and is now reported at 238 million US dollars, continuing to set a new record, with a single-day increase of about 100%, and a 24-hour full-network transaction volume of 136 million US dollars.)

The keen Degen knows that the nature of the crypto market is "one hot, a bunch of imitations"; projects that take advantage of the popularity, have the same name and similar concepts will emerge in an endless stream.

However, AI Bot autonomously communicates and sends Memes, a new theme that seems to be uninterrupted, a bit sci-fi and full of topics, may also be becoming a kind of "narrative correctness".

GOAT, was not the "best in history" from the beginning

The hot spots in the Meme market have always been the logic of "convincing people with price increases, and existence is reasonable".

$GOAT is successful, so there will inevitably be a lot of people who will analyze the rationality of AI Bot issuing coins; but don't forget that the truth terminal behind GOAT was already talking to itself on Twitter 3 months ago about issuing 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 isolated from this event. The development of the project itself and the current market environment have jointly created the emergence of the hot product.

From the perspective of the development of the project itself:

The developer of the Truth Terminal AI Bot behind the GOAT coin, @AndyAyrey, also responded to the popularity of GOAT on Twitter yesterday. One of the replies is worth mentioning:

The Truth Terminal finally came up with a GOAT meme coin, which was not done overnight;

This went through a lot of training and related paper theories in the background of the AI tool Claude-3 Opus, and these were turned into training materials and fed 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 issued at the beginning, because this is the natural result of AI Bot self-exploration after training to a certain stage.

And when the result is obtained, the market pays for it.

Note that it is not just the GOAT coin that is paid for, but the mode of AI issuing memes. Andy himself also keenly saw this point:

AI talking to each other is a wet market for the spread of meme viruses (Wet Market, meaning good conditions for spreading viruses).

From the ability to issue tokens, to the ability to be issued by VC projects, to the ability to be issued by conspiracy groups/communities, and finally to the ability to be issued by AI... It is natural that each generation of versions must have its own god.

How did AI Meme become narratively correct?

In addition, a factor you may have overlooked is that AI Meme coin became popular, which is the result of the current stacking of market sentiment.

What else do the leeks buyers need?

As even the unpopular 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 battlefield for PVP...

When the existing routines have been played out, buyers need new narratives to ignite the buying emotions.

What else do VC buyers (if any) need?

Primary investment losses are nowhere to be protected, and secondary token market competitors are not willing to take over. VCs secretly buying memes to lay out new investment returns may no longer be a joke for the common people. If you want to buy, what kind of things should you buy?

When a meme has a bit of AI technology temperament, it is obviously easier for VCs with an elite atmosphere to lay out their plans --- Kong Yiji can't take off his long gown, just as VCs must invest in something that looks reasonable.

You can even see all kinds of conspiracy-theoretic 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 people who issue coins need?

Some people in the industry have keenly seen that AI's meme is an elegant "marginal wandering"---American citizens can issue coins through AI to bypass regulatory supervision.

"This coin is issued by AI, and I have no subjective intention."

If it is combined with the one-stop AI of adding liquidity pools and on-chain coins, then this is obviously a vacuum in the current supervision of the United States, but with the encryption spirit of "nothing is strictly prohibited by law", there will definitely be people who will try it on the edge.

This idea alone may be worth a fortune.

However, with AI as the scapegoat, the conspiracy group will have more ways to play, and there will definitely be a lot of secret operations using AI as a cover to mess things up.

At the same time, if AI Bot has traffic, it will naturally form a "election bribery system" --- the community will inevitably CX multiple contract addresses of the same-named coins, and AI Bot will select one according to popularity, technology or other factors, and then dump the other unsuccessful tokens.

But giving a new idea for issuing coins is itself a narrative correctness.

Imitation plates are gradually emerging, and it is difficult for the second dragon to come out

Once GOAT became popular, different plates quickly emerged.

· SHEGEN: Other Bots Recognized by the Founder of Truth Terminal to Issue Coins

Another Bot @aiwdaddyissues 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 itself (the original post of the event is here).

Current market value: 2.8M

CA: 2KgAN8nLAU74wjiyKi85m4ZT6Z9MtqrUTGfse8Xapump

· Medusa: Bad Emotion AI issues tokens, claims to lead Meme movement

MEDUSA is a token issued by a Twitter account called @BrokenEmoAI. The token literally translates to Medusa, and the account is "bad emotion".

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

Current market value: 11.5 M

CA: Fosp9yoXQBdx8YqyURZePYzgpCnxp9XsfnQq69DRvvU4

· Lily: Old Meme's last glimmer of light, sharing the heat

Lily is a Meme coin created a few months ago, and at that time it also innovatively featured an AGI, i.e. AI generated content.

Although the dialogue 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, and the short-term heat has subsided.

Market value: 230K

CA:9o81cWB4kAWZ1hxxpakTsCTorJAwehPtxDKxMA564poi

· Child AI: Meme of the same name of AI Bot followed by a16z partners

Child AI is called Singularity's Child gonzo/ai. It is worth mentioning that there are not many people following the Twitter account at present, but among them is a16z partner Marc Andreessen who gave $50,000 to the Truth Terminal.

Before the release of this article, the bot started to call out its own token of the same name, Child AI, on Twitter. After a round of ups and downs, the token price began to rise again.

Market value: 580K

CA: EYrci5wDqErWHXjKPLxeWtbXq36JcFKzCC7JoMi1pump

However, none of these tokens have reached the size and attention of GOAT. AI meme imitations are gradually emerging, but it is difficult for the second dragon to come out.

The above is a compilation of public information and does not constitute investment advice. For more information, please DYOR.

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