What is the on-chain hot money speculating on—from CULT and AI to ART MEME?
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What is the on-chain hot money speculating on—from CULT and AI to ART MEME?
What exactly is everyone so hyped up about?
Navigating Web3 tides with focused insightsAuthor: XT Research Institute
Starting from $GOAT, the involvement of mainstream Western capital has triggered a revaluation of value in the AI Meme sector, turning it into a narrative focus recognized by both East and West. However, narratives rotate quickly—earlier, A16Z's strong entry injected immense confidence into the AI Meme space; later, the CEO of Sotheby’s publicly endorsed $BAN on X (formerly Twitter), sparking a new wave of "artists begging for coins." Today, another battle has erupted between AI16Z and DEGENAI, creating a lively spectacle on-chain with golden dogs appearing left and right. But what exactly are people speculating on?
AI-issued Meme Coins Inspired by GOAT: FARTCOIN, SLOP, GNON, SHOGGOTH, etc.
1. FARTCOIN on Solana
A project initiated by Andy Ayrey as an experiment centered around endless dialogue between two AIs, combining AI + Cult + MEME themes. It was first listed on XT immediately upon launch.
CA: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump
(All data below is accurate as of October 28, 2024)
Peak Market Cap: $83.9M
Current Market Cap: $33.4M
24h Trading Volume: $11.0M
2. SLOP on Solana
AI-generated, drawing attention from A16Z and GOAT's founder. Founded by @fabianstelzer, later handed over to the community. First listed on XT immediately upon launch.
CA: FqvtZ2UFR9we82Ni4LeacC1zyTiQ77usDo31DUokpump
Peak Market Cap: $49.1M
Current Market Cap: $4.4M
24h Trading Volume: $5.2M
3. GNON on Solana
Another AI+Cult+MEME themed token. First listed on XT immediately upon launch.
CA: HeJUFDxfJSzYFUuHLxkMqCgytU31G6mjP4wKviwqpump
Peak Market Cap: $193.0M
Current Market Cap: $9.5M
24h Trading Volume: $29.7M
4. ACT on Solana
An AI-powered conversational environment, part of the same community as truth_terminal. A16Z invested $32,000. First listed on XT immediately upon launch.
CA: GJAFwWjJ3vnTsrQVabjBVK2TYB1YtRCQXRDfDgUnpump
Peak Market Cap: $73.3M
Current Market Cap: $25.7M
24h Trading Volume: $9.7M
5. KIRA on Solana
The first AI Meme fully driven by a decentralized AI network. First listed on XT immediately upon launch.
CA: CefZxozhhxK88XPJoeWBczYSaBPd35tsKnziTH6Cpump
Peak Market Cap: $14.1M
Current Market Cap: $5.2M
24h Trading Volume: $42.4M
6. SHEGEN on Solana
A Twitter AI bot previously replied to by the GOAT founder. The public wallet of GOAT’s founder also purchased SHEGEN twice. First listed on XT immediately upon launch.
CA: 2KgAN8nLAU74wjiyKi85m4ZT6Z9MtqrUTGfse8Xapump
Peak Market Cap: $43.4M
Current Market Cap: $36.1M
24h Trading Volume: $8.8M
7. FUN on Solana
An AI bot that analyzes the pump.fun market and executes automated trading, using profits to repurchase FUN tokens. First listed on XT immediately upon launch.
CA: 9MnKTgwFyXJgnZumHGT9NdHuzm98ACjkNwpLniLhpump
Peak Market Cap: $24.5M
Current Market Cap: $1M
24h Trading Volume: $885K
8. SHOGGOTH on Solana
Dubbed the DOGE of AI Memes. Once reported by The New York Times as “the most important meme in artificial intelligence.” First listed on XT immediately upon launch.
CA: H2c31USxu35MDkBrGph8pUDUnmzo2e4Rf4hnvL2Upump
Peak Market Cap: $47.5M
Current Market Cap: $15.2M
24h Trading Volume: $3.4M
9. MEMESAI on Solana
Another octopus-themed AI Meme, collaborating with @truth_terminal. Followed by many well-known KOLs and OGs. First listed on XT immediately upon launch.
CA: 39qibQxVzemuZTEvjSB7NePhw9WyyHdQCqP8xmBMpump
Peak Market Cap: $42.7M
Current Market Cap: $31.2M
24h Trading Volume: $10.1M
10. GPT2 on Solana
Official X account followed by ChatGPT's official account. Market cap once peaked at $40M.
CA: 4B3NXEKgsT9hsadpCKNEwSXj6aDqwR7iqe5GzvgKpump
Peak Market Cap: $43.4M
Current Market Cap: $438K
24h Trading Volume: $2.2M
Summary: In reality, most meme coins eventually follow trajectories like the Christmas tree pattern seen in GPT2’s chart above—rising sharply and crashing back to zero. To protect profits, strict trading discipline is essential. Practical advice we've repeatedly emphasized in previous articles and blogs includes:
(Excerpt from article “XT Research Institute: History Repeats – Is SOL at Another Breakout Point?”)
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Practical advice—following these 7 steps should help avoid getting rekt:
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The surge in AI Memes has drawn open participation from institutions. A16Z’s endorsement has greatly boosted confidence in this sector, prompting other VCs to rush in for a share. Projects like $MEMESAI and $WORM have emerged as new challengers within the AI narrative. Later, A16Z even launched $YES as a community token—the longevity of this narrative remains uncertain. Having the courage to bottom-fish after massive FUD-driven crashes, and the discipline to exit during parabolic rallies—memecoins remain essentially high-risk gambling ventures. Best of luck to all participants.
Perhaps AI Memes aren't truly innovative but rather a new trend or a novel launch model—similar to the first appearance of one-click token creation on Ethereum years ago. Some joke that behind so-called AI-generated coins are actually human developers pulling the strings, which is one of the main reasons behind the FUD surrounding GOAT—many suspect it’s fake AI.
Art Meme Battle: Artists Enter the Arena
Recent memecoin narratives have shifted from Cult to AI, then to Art Memes. Interestingly, we now see artists adopting their own version of the “begging-for-coins” model. The Art Meme battle resembles the earlier BOME crowdfunding phase or the NFT boom of 2021—expecting a wave of illustrators upgrading to “artists” launching tokens. Essentially, it’s the same old game with a new skin—nothing particularly fresh.
1. BAN
Banana-themed memecoin endorsed by the CEO of Sotheby’s. Art Meme $BAN reversed its fate post-launch, peaking at over $67.8 million in market cap. Many smart traders earned millions with just a tiny amount of SOL during the pre-pump phase, achieving absurd returns of up to 2400x.
CA: 9PR7nCP9DpcUotnDPVLUBUZKu5WAYkwrCUx9wDnSpump
Peak Market Cap: $67.8M
Current Market Cap: $17.5M
24h Trading Volume: $28.8M
BAN has been repeatedly hit by FUD
2. EYE
Classical-futurist desert alchemist art concept Meme coin created and launched by artist @Jesperish. Jesperish enjoys solid industry influence, reputation, and artistic quality—on par with Beeple. EYE also offers room for derivative creations. The dev directly burned their own holdings, trading volume is extremely high, and the community is highly optimistic.
CA: 6MAWnfagDCzqmHQh88FVt9F1zzLqXpwGJpaL7zUTpump
Peak Market Cap: $20.8M
Current Market Cap: $3M
24h Trading Volume: $32.3M
3. KOTO
Token launched by artist Koto himself. Presale of 4,200 SOL sold out rapidly. Price surged past $16M before retreating. Current market cap hovers around $3.4M.
CA: BfdVHnbt9LSNAFCZU9kvTjbrH3jX78sv2siLKGQ7pump
Peak Market Cap: $16.1M
Current Market Cap: $3.4M
24h Trading Volume: $6.3M
4. AVB
Autonomous Virtual Beings (AVB) token launched by artist @CottenAI based on A16Z investor’s idea for self-operating virtual humans. The dev rug-pulled shortly after launch but was allegedly taken over ("CTO'd") by someone疑似with A16Z ties. AVB briefly surpassed $5.88M in market cap, now down to ~$1M, yet maintains high trading activity with 24h volume reaching $24M.
Summary: Many new artist-launched tokens emerged over the weekend, generating significant short-term economic gains, but valuations are generally inflated. Currently, copycat tokens like PAPE, PAN, and SAD have nearly crashed to zero. Compared to AI Memes, the staying power of the artist narrative appears weaker, so we must develop judgment regarding the sustainability of such trends.
AI16Z vs DEGENAI
Let’s start with AI16Z, a fund-share token.
A16Z created an AI persona for founder Marc Andreessen and established the ai16z DAO. Users holding 100 or more AI16Z tokens can join an exclusive chat group. Inside, you can give trading suggestions to Marc—or receive them from him. When you recommend a coin, Marc records the recommendation price and tracks its performance. If the coin performs well and Marc exits profitably, he rewards you with “trust points.” Once a user accumulates sufficient trust points, Marc gives greater weight to their future recommendations, incorporating them into his investment decisions. Conversely, poor recommendations lead to being ignored. Token holdings also affect suggestion weight—this forms a “virtual trust market.” AI16Z is a new protocol whose investment activities can be tracked on http://daos.fun.
AI16Z CA: HeLp6NuQkmYB4pYWo2zYs22mESHXPQYzXbB8n4V98jwC
Peak Market Cap: $97.2M
Current Market Cap: $34.4M
24h Trading Volume: $15.9M
DEGENAI operates ai16z via http://daos.fun, charging an 8% management fee—80% of which is used to buy back DEGENAI, and 20% to increase AI16Z holdings. At its core, it functions as a governance token, sharing a parent-child relationship with AI16Z.
DEGENAI CA: Gu3LDkn7Vx3bmCzLafYNKcDxv2mH7YN44NJZFXnypump
Peak Market Cap: $37.8M
Current Market Cap: $11.9M
24h Trading Volume: $14.1M
Every narrative has its expiration date—approach high-risk markets with caution. Most of the tokens mentioned above were promptly listed on XT, eliminating the need for PVP—simply place orders directly on XT. Those interested in Memecoins are welcome to join our dedicated meme coin community to catch golden dogs第一时间: https://t.me/memetothemars
[Disclaimer] This article is for informational purposes only and does not constitute any investment advice. Investing carries risks—please proceed with caution. Readers should independently evaluate the content and bear full responsibility for their investment decisions and outcomes.
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