Top Meme Concepts Roundup: AI, Artists, Zoos, and Minecraft

2024.10.28

Top Meme Concepts Roundup: AI, Artists, Zoos, and Minecraft

AI memes are filled with "secret cabals," and Tier-2 KOLs are shifting to promoting 1.5-tier tokens.

2024.10.28 - 12:08:12

MemeAI

Navigating Web3 tides with focused insights

AI memes are filled with "secret cabals," and Tier-2 KOLs are shifting to promoting 1.5-tier tokens.

Author: Nanzhi, Odaily Planet Daily

Last week, as Binance successively launched GOAT and MOODENG futures trading, the AI Meme concept reached a new peak, while the "zoo" theme also saw a partial recovery. Meanwhile, Ban—a token issued by Michael Bouhanna, Vice President of Sotheby’s—spurred momentum for art-related concepts. This article by Odaily provides an overview of recent trending tokens and their underlying narratives.

Risk Warning: The tokens listed below are selected subjectively by the author based on perceived popularity, not intended as investment recommendations, and are provided solely to help readers understand current token data and concepts. Any inaccuracies or omissions in definitions or descriptions are welcome for feedback and correction. Market caps shown are accurate as of October 28, 07:00 (UTC+8).

Token and Concept Overview

ai16z, degenai

ai16z originated as a meme token referencing a16z, created by @pmairca on the fundraising platform daos.fun. It raised 420 SOL, with its market cap fluctuating around $4 million prior to October 27. On the morning of October 27 at 8:00 AM, Marc, a partner at a16z, posted two messages about ai16z on X, triggering a rapid price surge that pushed the token’s market cap to a high of $80 million.

degenai is an AI-themed token purchased by the @pmairca address, which rose alongside ai16z.

According to X user @tocuee, the team behind @pmairca is part of the “AI Conspiracy Group” (for more details on the conspiracy group, see this article), which has launched numerous AI-themed meme tokens—many of the current trending tokens were issued by them.

(Note: daos.fun has gained attention due to the rise of ai16z; refer to the official documentation for details on the platform’s mechanism.)

ACT

On the surface, ACT is branded as the token for the AI project ACT I, developed by @amplifiedamp. The AI project itself received investment from a16z, and the token is reportedly intended to support the project’s development.

The token initially rose due to its association with a16z funding. However, on the day of its launch, developer @amplifiedamp announced another token, causing ACT’s market cap to plummet from $40 million to below $10 million. Later, through coordinated efforts between international and Chinese communities, the market cap briefly rebounded to $70 million. (Note: The main force within the Chinese community was publicly led by @0x_cryptowizard.)

Yet, due to @amplifiedamp’s transparent selling activity and conflicts with community sentiment, the token dropped again to a market cap of around $20 million.

In addition, chain analysis by the author reveals that ACT was clearly a “conspiracy” token from inception. Multiple addresses that had never transacted any other tokens bought ACT during early trading, made profits ranging from tens of thousands to hundreds of thousands of dollars, then dumped and became inactive. Examples include:

4QkkjUSvf3ZS1FWwb2cf2gwFfCpETCwtvbMStFhUXzPL

AACPFyaZRrUapKhz3C7oJ4Dz98zKkbBMpzauVYVhwkRG

DyY9MErexKC4ywHLWFbxqMG3GRtRkKBf4phbpaN2GyUG

Project 89

A token launched by AI developer @whyarethis. Unlike other AI meme tokens, @whyarethis remained deeply involved in its development, engaging in extensive public interactions and hosting multiple Spaces, resulting in relatively stable price movements.

Art Sector and Secondary-Market KOL Transition: BAN, EYE

BAN initially followed the typical pump token model, dropping nearly 50% after external market listing. Then, users discovered that the BAN dev wallet belonged to Michael Bouhanna, Vice President of Sotheby’s, sparking a surge that took the token’s market cap to $7 million.

For unknown reasons, Michael Bouhanna later deleted tweets linking him to the wallet, causing the token to drop temporarily by 85%.

After BAN fell below $1 million in market cap, many influencers previously active in the secondary trading space began promoting the token (such as Changwei Xi and others), arguing that Bouhanna’s deletion of posts was merely to mitigate legal risks and did not negate the token’s endorsement.

BAN reached a peak market cap of $60 million and currently sits at $26.5 million (as of 8:00 AM Beijing time on October 28).

Yesterday, Dutch digital artist Jesper (@Jesperish) also launched his own token. His works have been exhibited and auctioned at renowned auction houses including Christie's and Sotheby’s, though sale prices were not disclosed.

Jesperish’s token EYE peaked at a $20 million market cap and currently stands at $8.4 million. Jesperish stated, “(My account) wasn’t hacked—this is an experiment, and (this token) is the only project I’ve created,” indicating deep personal involvement in its promotion.