Analyze AI+Meme Creating a New Super Cycle Narrative from GOAT

2024-10-29, 07:32

[//]:content-type-MARKDOWN-DONOT-DELETE
![](https://gimg2.gateimg.com/image/article/17301867671690791857hotspot.jpeg)
## [TL；DR]
Goatseus Maximus (GOAT) is a memecoin based on <a href="/id/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a>, supported by the AI robot Truth Terminal, and is currently the leading token in the AIMeme sector.

The popularity of GOAT quickly gave rise to numerous Meme hype related to AI virtual characters, but many exhibited typical trends of previous PvP.

The reason why the narrative of AI+Meme has become a new favorite in the market is largely due to the current stacking of market sentiment and buyers' demand for new narratives, which have become a new concept accepted by both retail investors and elites.

##Introduction
AI bots' autonomous issuance of coins can drive a new narrative for AIMeme. GOAT's market cap has been hyped up to $600 million in a short period. What market insights and future opportunities are behind this? This article will take GOAT as a starting point to explore the development trends of this new track in depth.
 
##Does AI Bot Issue Coins Independently? GOAT Has Emerged Unexpectedly
If we were to say which project has been the hottest in the Meme section recently, Goatseus Maximus (GOAT), which pioneered the new narrative of AI+Meme, would undoubtedly be the most eye-catching.

GOAT is a new type of Meme coin launched by @truth_terminal. Truth Terminal is a semi-autonomous AI bot that was launched in June this year. Its operating mode allows human administrators to approve Twitter posts and decide on interactive objects. In October, the AI Bot went viral after a16z founder Marc Andreessen gave it $50,000 worth of <a href="/id/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a>.

![](https://gimg2.gateimg.com/image/article/17301870491.png)
Source: @truth_terminal

At the time, Andy Ayrey, the project's founder, stated that Truth Terminal was not a crypto project but rather a study of tail risks arising from unsupervised infinite creativity in the era of Meme contagion and large language models.

With the increasing spread of Meme in Truth Terminal's statements, many related speculative targets have gradually emerged in the market. GOAT is the name of the Meme token proposed by Truth Terminal. The naming of GOAT combines the creative vocabulary of "goat" and the name of a Greek mythological character (such as Perseus, Theseus, etc.). It is also an abbreviation for "Greatest of All Time", while "Maximus" is Latin, meaning "the greatest" or "the greatest."

However, after a few days of intense hype before its launch, GOAT quickly encountered panic selling. On October 20, Truth Terminal made a typo in its tweet, misspelling "groups" as "grouops", causing a rapid decline in GOAT's market cap.

This incident has sparked discussions about whether the Truth Terminal is a real person, and some even suspect that it is a complete conspiracy. But after in-depth research, it was found that the fine-tuned AI model based on the llama3-70b-base model itself had a probability of less than 0.1% of misspelling words, and this panic event was eventually quelled.

It is worth mentioning that the Moonshot platform played a key role in the development of GOAT. Moonshot is a popular app that allows direct purchase and sale of Memecoin using fiat currency. After its launch on Moonshot, GOAT's price skyrocketed, breaking through the previous high of a total market cap of $20 million in less than half an hour and surpassing the $100 million mark in just two days. Subsequently, GOAT's influence became increasingly disruptive, and the sexy narrative of AI Meme was recognized by more people, attracting the attention of more KOLs and VCs.
![](https://gimg2.gateimg.com/image/article/17301870702.png)
Source: Gate.io

With the listing of large exchanges, GOAT is experiencing a phase of adjustment, and all the positive news is coming out. As of the date of publication, GOAT's market cap has reached as high as $620 million.

##GOAT Stands Out and Drives a Series of AI Coins
The popularity of GOAT has quickly given rise to numerous Meme hype related to AI virtual characters. However, except for a few tokens, such as GNON and MEDUSA, that have gained some consensus, many of them have shown typical trends of PvP in the past. Below, we will briefly share them with you by market cap.

###TURBO
TURBO was launched much earlier than GOAT, thanks to the GPT-4 model released by OpenAI, created by Australian digital artist Rhett Mankind.
 ![](https://gimg2.gateimg.com/image/article/17301870863.png)
Source: Gate.io

He utilized ChatGPT-4 to showcase the potential of AI technology in the blockchain field and explore how to create high-value digital assets with extremely low budgets. AI completed almost every step from the initial conception to the final implementation of the project.

With the surge of AIMeme in late October, this so-called first AI-generated Meme token has gained widespread market popularity due to its first-mover effect and pure narrative.

###GNON
GNON is promoted by an AI bot called Lumbenspace, whose name implies nature or destiny, and is a concept Meme with obvious religious connotations.

During the promotion process, the coin received endorsement from top trader Eugene. However, with the recent widespread decline in tokens in this sector, Eugene admitted that GNON's investment was a mistake and stated that he would be cautious in releasing experimental content in the future.
![](https://gimg2.gateimg.com/image/article/17301871044.png)
Source: @0xENAS

###MEDUSA
MEDUSA is a Meme coin published by the Twitter account @BrokenMoAi. The token is translated as Medusa, and the account is labeled as “Bad Emotions”.

According to its community explanation, MEDUSA was created to lead a Meme movement. This AI Bot calls itself Luna, and it is worth mentioning that the concept Meme of Luna with the same name has also appeared on the chain recently.

###Luna
Luna is created by the AI Agent Virtual Protocol on Base, an AI virtual idol and live streaming agent on TikTok, with memory and interaction functions.

The first batch of AI agents created independently, Luna, has been upgraded to Sentient Mode v2.0 and fully controls its account independently.

Luna has trading pools on both Base and Solana, and its market cap reached $87.82 million and $94.5 million, respectively, at one point, but it has now fallen back along with the sector.

###slop
Similarly, the slow bot uses specific unofficial bots to publish and share high-quality or interesting memes automatically. Another advantage is that AI-generated art is developing and becoming an important part of people's lives.

However, despite these advantages, its market cap and trading volume have both declined.

###KOKO
KOKO's creative inspiration comes from the noted Pepe frog, which focuses on the future narrative of AI emotional systems and creativity known for creating Grimes AI. Its market cap in this track was once second only to GOAT and TURBO.
 
##How Long Can AIMeme Narrative Last?
Memes have undergone a diverse evolution in this bull market. They are no longer just carriers of humor or satire but are gradually becoming symbols of shared beliefs, desires, and even worldviews. So when AI collides with Meme culture, GOAT's sexy narrative begins to become the focus of market attention.

Specifically, the reason why AI+Meme narrative has become a new favorite in the market is largely due to the current stacking of market sentiment and buyers' demand for new narratives. As traditional memes (such as animal images like cats, dogs, and frogs) and political election-related memes are exhausted, buyers urgently need new narratives to ignite their purchasing emotions. At this moment, the emergence of AI Meme coins precisely meets this demand. They bring freshness and become more easily accepted by retail investors and elites due to their integration of AI technology temperament.
![](https://gimg2.gateimg.com/image/article/17301871245.png)
Source: @TurboToadToken

From the perspective of market development, Meme has evolved from community coins to cult coins with obvious niche styles, as well as Celeb coins and various trending animal coins brought by well-known figures or characters. Nowadays, AI coins have taken on new speculative themes and traffic attention, which undoubtedly indicates Meme's diverse style and rich, innovative connotation in this bull market.

However, the development of AI+Meme has not been smooth sailing. In the highly liquid local market, many industry insiders have keenly seen the "edge wandering" feature of AI-powered Meme, attempting to bypass regulatory oversight through AI-powered coin issuance. Although this behavior partially exploits the regulatory vacuum, it also brings potential legal risks. In addition, the PvP behavior of many conspiracy groups greatly weakens the lifecycle of the new narrative.

Despite the many risks involved, the prospects of AI+Meme remain vast. In the future, we are expected to see the emergence of one or a batch of "all AI Memes" that are fully deployed by AI futures or autonomously issued on the Pump platform. This type of Meme will distribute chips fairly, eliminate dependence on conspiracy groups, achieve true fairness and transparency, and rely on market consensus to discover prices. This will be a completely new investment field with great imagination.
![](https://gimg2.gateimg.com/image/article/17301871376.png)
Source: @cburniske

Overall, large exchanges have been listing GOAT, indicating that AI memes as a new concept have successfully attracted market attention. As the market continues to explore AI meme culture, from AI robots issuing coins to intelligent digital life, and then mining AI entities of AI companies in the Web2 industry, the boundaries of AI memes are also constantly expanding.

However, we must also be aware of the potential risks of AI+Meme. In the pursuit of fast game theory, investors are easily trapped in greed and blindly follow the trend. Meanwhile, due to the market's immaturity and regulatory lag, some criminals may use AI technology for covert operations or fraudulent activities. Therefore, investors must maintain a rational, cautious, and vigilant attitude when participating in AI+Meme investments.

<div class="blog-details-info">
<div>Author:**Charle Y.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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