GOAT continues the hot AI meme concept, pawpaw and other "follow-the-leader" strategies reappear with a cliff-like trend

Author: BlockBeats

Today, $GOAT continues to rise, with its market cap surpassing $30 million at its peak, sparking a wave of speculation around AI meme coins. During this period, players also mined a new coin, pawpaw, from the popcat whale address, with the "whale narrative" driving pawpaw's price up 40 times in three hours, followed by a 70% drop in just 15 minutes.

AI Meme Continues to Rise

GOAT

GOAT comes from an AI Bot that launched in June this year—Truth Terminal ( @truth_terminal ), which operates in a semi-autonomous mode. Human administrators can approve its Twitter posts and decide who it interacts with. What made it popular was a $50,000 Bitcoin investment from a16z founder Marc Andreessen.

Andy Ayrey, the founder of Truth Terminal, stated that Truth Terminal is not a crypto project but rather "a study of the tail risks generated by meme contagion and the era of [large language models] with unsupervised infinite creativity." As Truth Terminal's statements increasingly exhibit meme propagation effects, many related speculative targets have gradually emerged in the market. Among them, GOAT has attracted the most attention in recent days.

GOAT, short for goatseus maximus, was conceived by the AI Bot of truthterminal. Andy Ayrey, the founder of truthterminal, indicated that he is not directly responsible for launching the GOAT token, but he is involved in promoting the memecoin. Today, after experiencing a nearly 40% drop, GOAT rose again, with its market cap peaking at $33.7 million.

Peak Market Cap: 337M

Current Market Cap: 269M

24h Trading Volume: 117M

Maximum Profit from Purchase at 12 AM (GMT+8) Today: 179%; Current Profit: 124%

MEDUSA

MEDUSA is a meme coin released by @BrokenEmoAi.

After its launch, MEDUSA saw a price increase of over 50 times, with its market cap peaking above $30 million last night before starting to decline, currently sitting at $17.74 million. Today, it experienced two fluctuations with increases around 100%.

DOGAI

DOGAI claims to be "the first AI-driven meme coin," but there is no introduction to the AI model used on its Twitter and homepage.

Peak Market Cap: 8.5M

Current Market Cap: 3.3M

24h Trading Volume: 10.9M

Maximum Profit from Purchase at 12 AM (GMT+8) Today: 2094%; Current Profit: 1639%

KAORIAI

Kaori AI is a virtual chatbot, with its representative application (meme) coin being $KAORIAI. Although its Telegram-based chatbot is not yet operational, $KAORIAI initially experienced a drop to zero, followed by a 30-fold increase in four hours.

Peak Market Cap: 1.46M

Current Market Cap: 1.1M

24h Trading Volume: 4.3M

Maximum Profit from Purchase at 12 AM (GMT+8) Today: 2917%; Current Profit: 1039%

Following the Whale Narrative of Pawpaw

On October 12, the meme coin popcat's market cap surpassed $1.5 billion. Today, a player @0xseven1 discovered that the whale address starting with HnRi7 had released a new meme coin, pawpaw. Subsequently, Chinese community KOL Crypto Weituo and the official account of Three Arrows Capital commented on this tweet. From 11 AM to 3 PM today, pawpaw surged over 40 times, with trading volume exceeding $2 million.

However, after the market cap approached $2.8 million, pawpaw experienced a cliff-like drop, falling 73% in 15 minutes. Since the HnRi7 address discovered by the community did not show any selling activity, pawpaw's decline caused many traders to incur losses.