Who Burns More Calories AI or Meme

Coin World Report:
The frenzy at the end of October is not “Cats vs. Dogs” but “AI+Meme”.
By Anderson Sima, Foresight News
How much would you pay for a goat?
On October 23rd, GOAT became the first meme coin on the token launch platform pump.fun to have a market value exceeding $500 million.
At the time of writing, GOAT was trading at $0.5276, with a 24-hour increase of 35.3%, and a current market value of $527 million.
On the same day, according to Lookonchain, an address withdrew 32,695 SOL tokens (equivalent to $5.46 million) from Binance to purchase MEME coins: among them, the address spent 18,000 SOL tokens (equivalent to $3 million) to buy 6.95 million GOAT coins (worth $3.39 million), at an average price of $0.43.
Someone is willing to spend $3 million to buy an “unattainable” goat (GOAT).
In the world of cryptocurrency, fresh and interesting concepts that ignite the market emerge from time to time. Obviously, the frenzy at the end of October is not “Cats vs. Dogs” but “AI+Meme”.
The Wonderful Combination of AI and Memecoin
The full name of the GOAT token is “Goatseus Maximus” (goat), a name that carries a hint of humor but has an undeniable power of dissemination.
It was launched on the Solana blockchain through the pump.fun platform on October 10, 2024. The creator of GOAT has not been publicly named, but its promotion is mainly facilitated by an AI robot named Truth Terminal. This AI robot was created by developer Andy Ayrey and received $50,000 in funding from A16z.
Originally, this robot was used by Andy Ayrey to study the “impact of online cultural dissemination and AI on ideology”. After the birth of the GOAT token, it frequently released information related to GOAT, and the market value of GOAT quickly soared from a few thousand dollars to over $3 million in a few days.
Andy Ayrey himself also holds 1.25 million GOAT tokens. He claims to have airdropped a portion of them to friends and AI researchers, but he has not made any transactions himself.
The combination of AI and Memecoin may seem strange but it is actually a product that follows the trend of the times. In today’s AI-driven world, the combination of an AI concept that gives a sense of “the future” and the down-to-earth meme culture is simply a marketing strategy tailored to attract attention.
AI technology does not need memes to provide emotional value, but memes need AI to attract new attention.
Big Shots Joining and KOLs Making Recommendations
The GOAT token not only received the boost from the AI robot but also gained endorsements from some well-known KOLs. KOL Maison Ghost, with more than 240,000 followers, openly praised the uniqueness of GOAT on the X platform and predicted that it might define the “new play” of Memecoin in the coming weeks.
On October 18th, Arthur Hayes wrote on X, “Are you really going to give up the combination of AI+Meme+Religion? Many people still believe in the theories of flat earth hundreds to thousands of years ago, so don’t you think GOAT will reach a market value of $1 billion?”
Zhu Su, co-founder of Three Arrows Capital, wrote on X that he has taken a long position on GOAT, with an average opening price of $0.33976. According to Solscan data, the cryptocurrency market maker Wintermute has become the third-largest holder of GOAT, holding 1% of the total supply.
The Essence of Memecoin: Zero-Sum Game and Attention Economy
Fundamentally, the rapid rise of GOAT does not depend on its business prospects or technological innovations, but rather on the classic manifestation of the attention economy. The market value of meme coins often correlates with the strength of consensus, which relies on continuous media exposure, meme culture, and the promotion by KOLs.
In an article in March this year, Multicoin Capital put forward a viewpoint: “In the field of cryptocurrency, the main input for asset pricing is not a multi-factor model based on risk premium or cash flow, but the perceived amount of time, energy, and money that the community invests in the asset.”