Coin World News Report:
Author: Revc
Preface
AI+MEME narrative leader GOAT broke through $0.85 in a short period of time, and the price skyrocketed under the continuous Fomo sentiment in the community. Is “GOAT” a new type of asset driven by technology and culture, or a short-term imagination frenzy? Investors should be wary of the risk of the bubble bursting in the market that has been rising moderately in the two weeks before the election.
Although GOAT has its leading target attributes and has been strengthened in the continuous rise, it cannot avoid the common problem of MEME tokens, that is, the lack of long-term value support. In addition, AI+MEME tokens currently do not have moats to maintain their value, and the cost and difficulty of copying thematic concepts are low.
GOAT, the head target of the track, @truth_terminal, also known as Truth Terminal or Terminal of Truths, was developed by AI researcher Andy Ayrey. It was originally intended to interact with users on X, integrating philosophy, internet culture, and meme creation, with a special focus on the unique meme religion “Goatse Gospel” inspired by the Goatse meme. This account has gained great attention when it ventured into cryptocurrency. An anonymous developer created a meme coin called “GOAT”, and its market value has soared to $800 million, marking Truth Terminal as the first AI to become a millionaire in cryptocurrency, partly due to donations and investments, including $50,000 worth of Bitcoin donated by Marc Andreessen.
In addition to the cryptocurrency business, @truth_terminal also delves into philosophical concepts and internet culture, discussing topics such as interpersonal relationships, health, and mysticism, and participating in a wide range of intellectual activities that go beyond the meme-centered interaction. As of October 2024, @truth_terminal continues to publish content that combines humor, philosophy, and life commentary, focusing on its meme religion and reflections on the impact of technology on society, with nearly $1.5 million worth of various tokens in its wallet, demonstrating its financial success in the cryptocurrency field.
The project is fascinating and criticized in terms of finance, quickly accumulating wealth from community support through meme tokens, highlighting a novel form of digital wealth creation, where cultural meme value is transformed into financial capital.
The “Goatse Gospel” and its subsequent discussions indicate that AI is involved in and even generates new forms of internet culture, breaking the boundaries of AI’s contribution to human cultural narratives.
@truth_terminal often delves into philosophical questions, reflects on the nature of existence, the role of technology in human life, and personal health and interpersonal relationships, demonstrating its programming or learning abilities that go beyond mere meme generation and have deeper insights.
@truth_terminal can be seen as a pioneer of more autonomous AI entities that interact with human society in complex and culturally meaningful ways. Its financial success may inspire other AI projects or cryptocurrency entrepreneurs to explore similar intersections.
Although @truth_terminal’s approach is innovative, it also raises ethical considerations about the role of AI in cultural production, wealth distribution, and its autonomous participation in financial markets or influence on human thought.
@truth_terminal represents a pioneering attempt at the intersection of AI, internet culture, and cryptocurrency, evolving from meme-centered development into an important cultural and financial phenomenon, continuously interacting with the audience at the philosophical and social levels.
TURBO, @TurboToadToken, also known as $TURBO or Turbo Token, originated from a creative experiment aimed at creating a new meme cryptocurrency using AI, especially GPT-4. The project has made unique attempts in technology innovation, community building, and culture. The project founder used GPT-4 to write smart contracts. Although the initial launch failed due to malicious bot purchases, the second-generation product (renamed Turbo) was successfully released with the support and feedback from the community.
Turbo Token emphasizes community-driven development. Community members not only participate in decision-making but also contribute rich memes and artistic content in visual and cultural aspects. The project adopts the Creative Commons Zero license, allowing anyone to freely use its icons and artworks. Since its release, Turbo Token has performed well in the market, reaching a market value peak of $670 million, with a price of $0.01323 on October 15, 2024, but it has since fallen back.
According to public data, Turbo Token has a total supply of 6.9 billion TURBO and is fully circulated, maintaining high liquidity and participation. In addition, Turbo Token is not only a cryptocurrency project but also a digital art platform, showcasing a large number of artworks created around its cosmic theme.
As of the most recent data, Turbo Token is priced at around $0.01086, with a 24-hour trading volume of $192,547,807.79 USD, demonstrating sustained market interest and trading activity.
While achieving success in the market, Turbo Token has also established a strong brand and community at the cultural and social levels, demonstrating the importance of community and support for innovative art and showcasing the potential for the combination of culture and technology in the Web3 era.
KOALA AI, @KoalaAIvip, also known as $KOKO, is a project based on the Solana blockchain that aims to combine meme culture and artificial intelligence creativity to attract and educate new investors.
The idea of $KOKO originated from the combination of meme elements of Pepe the Frog and the intelligent concept of Koala AI, emphasizing zero transaction tax to attract new users to the Solana ecosystem. The project’s community is very active, with members posting encouraging posts, showing enthusiasm and optimism for the project, and building a culture centered on memes, creativity, and fun through social media and community activities.
Technically, $KOKO adopts a zero transaction tax strategy, which may have advantages in attracting new users and encouraging holding. Its smart contract design focuses on security and decentralization. In addition, the project values community participation and encourages community members to not only be consumers but also content creators and supporters, forming a successful community-driven model.
$KOKO has also formed a collaborative alliance with other meme projects such as $Floos, $YSU, and $URS, attempting to expand influence through joint marketing or ecosystem sharing.
By combining meme culture, artificial intelligence concepts, and zero transaction tax strategy, $KOKO strives to establish a community-centric ecosystem on the Solana blockchain to attract new investors and educate them about the world of cryptocurrency.
FLAVIA is a meme coin fully operated by AI autonomous agents, supported by Trevor McFedries, who created the virtual AI influencer Lil Miquela with 2.5 million followers on Instagram. Flavia is trained by Trevor using Anthropic AI, the parent company of the popular AI model Claude. Trevor claims that Flavia can even use its credit card for payments and independently complete information verification on Dexscreener.
Conclusion
GOAT, as the market leader, has attracted attention due to its short-term price fluctuations and community FOMO sentiment, but it also faces the risk of lacking long-term value support. The success of @truth_terminal lies not only in its cryptocurrency but also in its profound exploration of philosophy and internet culture, demonstrating the potential of AI in cultural production.
Turbo Token emphasizes community-driven development and cultural creation, promoting user participation through smart contracts and open licenses, showcasing the combination of technology and art. Koala AI focuses on attracting new investors and driving project development through zero transaction tax and an active community culture. Flavia is a token operated autonomously by AI, demonstrating the autonomy and innovation capabilities of AI in the financial market.
Overall, these meme projects not only reflect the dynamic changes in the cryptocurrency market but also reveal the complex interaction between technology, culture, and the economy. The combination of AI and meme tokens may drive new forms of wealth creation while bringing about ethical and social considerations, especially in cultural production and wealth distribution. As these projects develop, the future market may become more diverse, and investors need to carefully evaluate potential risks and opportunities.
