Overview of Seven Popular AI+MEME Projects: AI Agents as the Hype Focus, Most Market Caps in the Hundreds of Millions
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Overview of Seven Popular AI+MEME Projects: AI Agents as the Hype Focus, Most Market Caps in the Hundreds of Millions
This article reviews four popular themes in the recent AI+MEME sector, along with their leading projects.
Navigating Web3 tides with focused insightsBy Nancy, PANews
Undoubtedly, MEMEs are the undisputed traffic drivers in today's crypto market, with various participants adopting diverse entry strategies. Some investors meticulously analyze on-chain data or K-line charts to capture market momentum; others bet on specific themes tied to popular culture and trending events to ride the wave, while news-driven traders closely monitor social media and news updates to seize market opportunities promptly.
Despite the vibrant activity in the MEME market, not all MEME projects manage to gain sustained attention or grow over time. In fact, most MEME projects inevitably face zeroing out or fading into obscurity, with only a few managing to stand out. PANews has previously analyzed the underlying logic behind the success of certain popular MEMEs.
As a dominant investment theme across global markets this year, AI-integrated crypto projects have drawn significant interest. Now, AI+MEME has emerged as a key focus area for market participants. This article by PANews outlines four trending categories within the recent AI+MEME space and their leading projects, most with market caps in the tens of millions—except GOAT, which reached hundreds of millions.
AI Agent
Goatseus Maximus (GOAT) Market Cap: $453 million
Goatseus Maximus is a MEME promoted by Truth Terminal, an AI bot project, with the AI agent financially backed by a16z. GOAT quickly gained popularity after launch, peaking at over $500 million in market cap. However, amid skepticism questioning whether Truth Terminal was truly AI-powered, its market cap dropped sharply to around $150 million.
Nonetheless, after the founder of Truth Terminal pledged not to sell his tokens and advocated for transparent governance, along with top trader Eugene announcing he had accumulated a position, GOAT achieved a dramatic V-shaped recovery overnight. Data shows that as of October 22, GOAT’s market cap stood at approximately $453 million, with nearly 34,000 token-holding addresses.
lnumogram (GNON) Market Cap: $72 million
GNON is a MEME promoted by the AI bot lumpenspace and was also prominently endorsed by Eugene, who stated: "GOAT and GNON will be pivotal long-term positions. If I'm wrong, then I'll be your exit liquidity."
On-chain data indicates that as of October 22, GNON reached a market cap of about $72 million, with nearly 13,000 holding addresses.
Virtuals Protocol (LUNA) Market Cap: $47 million
Virtuals Protocol is an AI Agent platform built on Base. Its token issuance platform, IAO, enables users to easily deploy AI agents, launch AI agent tokens through fully fair launches, and share in the revenue generated by these agents. $VIRTUA is the native token of Virtuals Protocol, used to create liquidity pools for AI agent tokens.
LUNA refers to an AI-powered virtual idol and live-streaming agent created by Virtuals on TikTok, which has amassed 500,000 followers and reached over 5.6 million users through live streams. On-chain data shows that as of October 22, LUNA’s market cap surpassed $47 million, with approximately 1,300 token-holding addresses.
Terminal of Fun (FUN) Market Cap: $100 million
The AI trading bot Terminal of Fun claims it “specializes in analyzing the token market on Pump.fun and learning how to buy and sell tokens,” using profits to repurchase FUN tokens. According to Lookonchain, Terminal of Fun has achieved a 100% win rate in trading MEME coins, generating a 426x return on FUN. However, the community has questioned whether the high win rate stems from genuine AI capabilities or if it's merely an automated trading program leveraging the AI narrative.
On-chain data reveals that FUN’s market cap exceeded $10 million within one day of launch, with over 8,000 token holders.
AI + Art
slop Market Cap: $27 million
slop is a MEME combining AI and artistic storytelling, created by Glif—an AI application founded by fabian—and received endorsement from its creator. Notably, Glif has previously been highlighted by a16z.
On-chain data shows slop reached a market cap of $27 million within two days of creation, with over 11,000 token-holding addresses.
AI + Animals
Shoggoth Market Cap: $35 million
Frank, founder of the NFT project DeGods, referred to Shoggoth as the “DOGE of the AI MEME sector.”
“The original Shoggoth demonstrated potential as a MEME coin, while the new version attempts a vampiric attack to become a true Shoggoth,” according to the project. The name Shoggoth originates from a character in science fiction lore, and the project even claims that The New York Times would describe Shoggoth as “the most important MEME for artificial intelligence.” Shoggoth also conducted an airdrop to Truth Terminal users.
On-chain data shows that as of October 22, Shoggoth’s market cap neared $35 million, with over 4,900 token holders.
AI + Infrastructure
Act I: The AI Prophecy (ACT) Market Cap: $24 million
Act I is another AI project funded by Marc Andreessen, co-founder of a16z, with members including Andy Adyrey, founder of Truth Terminal. According to Light, founder of Pleb Capital, Act I features include unscripted and self-emergent interactions, multi-agent dynamics, continuous long-term observation, diverse AI participants, and integration with real-world environments. Since current AI agents operate in isolation, Act I aims to become critical infrastructure enabling interaction between these projects and humans.
On-chain data indicates that ACT reached a market cap of approximately $24 million within three days as of October 22, with over 10,000 token-holding addresses.
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