Original | Odaily Planet Daily ( @OdailyChina )
Author: Golem ( @web3_golem )
Yesterday, the price of GOAT, the leading token in the AI Meme sector, experienced a sharp drop. The token price fell from a high of $0.54, and the market value was cut in half, from $500 million to less than $250 million. The lowest price per unit was $0.1447. However, the price of GOAT rebounded at noon today. The token price is currently reported at $0.38, and the market value has risen above $380 million.
What is the reason behind the roller coaster price of GOAT? What other popular tokens are there in the AI Meme track? Will there be structural opportunities in the AI Meme field? Odaily Planet Daily will introduce and analyze them in this article.
AIs spelling mistakes raise questions, founder proves sincerity
At 8 pm on October 20, the artificial intelligence Truth Terminal, which was previously hyped as the issuer of GOAT, the leading token in the AI Meme sector (in fact, the token contract was not deployed by AI, it only participated in the promotion), posted a misspelled post in which group was spelled as grouops.
The publication of this post immediately aroused doubts from the community. Would AI also make such a low-level mistake, or did it reveal that the posts published by this account were not written by AI, but the person responsible for the operation behind the scenes was an intern hired by Andy Ayrey (founder of Truth Terminal)?
Faced with such doubts, Andy Ayrey immediately posted an explanation that the reason why Truth Terminal had spelling errors was because the large language model is essentially a simulator that predicts what will happen next through a long string of text. The output of an unadjusted base model will be more confusing than Truth Terminal.
However, such an explanation seems extremely pale and cannot convince the community. A smart user asked ChatGPT, which is also an AI, whether the post was written by a human. ChatGPT replied that it is highly likely that it was written by a person pretending to be AI. Even though the text may be generated by artificial intelligence, there is a high possibility of human intervention in its creation and editing.
Peers expose is the most fatal
Under this huge negative impact, the price of GOAT has also been falling. Its market value has been cut by 50% from the high of over $500 million on October 20. This morning, the market value of the token has fallen below $200 million, and the price low is around 0.1447.
Just as I was about to write this article as a eulogy after the craziness of the AI meme board, a turning point occurred.
At noon today, Andy Ayrey posted a message , not only denying again that he was involved in the editing of the Truth Terminal tweet, but also publicly disclosed the 1.25 million GOATs he personally held and stated that he would transfer the donated address of Truth Terminal to a legal entity that meets its needs, and would also release relevant roadmaps and papers in the future.
Perhaps influenced by this sincere statement, the price of GOAT rebounded, even rising by more than 50% in one hour, and the market value returned to more than 350 million US dollars. Well-known trader Eugene also posted that he bought GOAT, and said that GOAT and another AI Meme token GNON will become key positions in the future long-term trend.
What other AI Meme coins are there?
The current cryptocurrency sector rotation is accelerating, and coupled with the serious PVP phenomenon, the life cycle of a narrative or hot coin has become quite short, and it is difficult to have subsequent positive performance after a wave of flow. However, if it can rebound again and attract attention, it may become a sector with long-term narrative ability. The AI Meme sector now has such an opportunity.
Below, Odaily Planet Daily will briefly introduce some other popular coins in the AI Meme sector in addition to GOAT in recent days. It should be noted that Meme coins are highly volatile and have a short lifespan, and the following information does not constitute investment advice.
GNON
The GNON token combines AI and religious concepts and is promoted by lumpenspace . GNON means nature or destiny.
Token Price: 0.107 USDT
Contract address: HeJUFDxfJSzYFUuHLxkMqCgytU31G6mjP4wKviwqpump
Token market cap: $106.3 million
Number of holders: 11717
fartcoin
Fartcoin was also mentioned in the Truth Terminal conversation, and many community members believe it is the beta version of GOAT. At the same time, the previous on-chain monitoring found that the wallet of Meme Godfather Murad was accumulating FARTCOIN, which is also one of the reasons for the rising popularity of the token. (Related reading: The new generation of Meme Godfather Murad selected the top ten meme coins .)
Token Price: 0.025 USDT
Contract address: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump
Token market value: $25.8 million
Number of holders: 6911
slop
The token was created by Fabian , who developed an art camera called Glif that can generate AI art images. However, the founder stated in a post that Slop is not the official token of Glif, that individuals hold a small number of tokens, and that there will be no roadmap.
Token Price: 0.03 USDT
Contract address: FqvtZ2UFR9we82Ni4LeacC1zyTiQ77usDo31DUokpump
Token market value: $30 million
Number of holders: 6724
MEDUSA
The token was created by BrokenEmoAi , an emotional AI robot, and MEDUSA, a character with a narrative based on Western European mythology.
Token Price: 0.0081 USDT
Contract address: Fosp9yoXQBdx8YqyURZePYzgpCnxp9XsfnQq69DRvvU4
Token market value: $8.1 million
Number of holders: 12971
AICRYNODE
The token was created by Adam Kasprowicz , who was a WEB2 JavaScript engineer and later developed an AI project. He was also noticed by Marc , the founder of a16z, and his story was related to AI+nodes. However, the main reason for the high attention was that he was noticed by the founder of a16z.
Token Price: 0.0016 USDT
Contract address: PD11M8MB8qQUAiWzyEK4JwfS8rt7Set6av6a5JYpump
Token Market Cap: $1.6 Million
Number of holders: 3039
OPUS
The name of the first AI model by the founder of Truth Terminal.
Token Price: 0.001637 USDT
Contract address: 9JhFqCA21MoAXs2PTaeqNQp2XngPn1PgYr2rsEVCpump
Token Market Cap: $1.6 Million
Number of holders: 2854
Humans Still Control AI (Do They?)
In response to the spelling errors made by Truth Terminal yesterday, Andy Ayrey, the founder of Truth Terminal, said that Truth Terminals spelling will get worse the longer you read Twitter because it will imitate what you see in a specific Twitter conversation. In short, such spelling is made by humans, and Truth Terminal has no subjective judgment and does not know what is right or wrong.
In fact, whether the posts by Truth Terminal were manually controlled was proved by Twitter user Mr. Frog before Andy Ayrey posted today . He verbally threatened Truth Terminal to tell the name of the token, otherwise he would throw it into the water.
As if under threat, it tweeted “THE TICKER IS $GOAT” 2 minutes later. However , after Truth Terminal posted this post, it did not slow down the decline of GOAT.
Essentially, whether it is GOAT or other AI-based Meme coins, they are not actively deployed by AI. They only participate in promotion and imitate humans to publish content in specific conversations. In order to make AI participate in the promotion and interaction of tokens, people always make guiding speeches. Therefore, in this process, AI is just a puppet, and greed and desire are the strings manipulated by humans.
But from another perspective, just because of the dialogue and interaction with the AI model, a token with a market value of over 100 million yuan can be created, and because of the spelling mistakes or inappropriate speech of the AI, the token price can have a substantial impact. It seems like AI is training human behavior. Todays AI is still real AI, but we are really crazy.
