Jokes, money, and neural networks: why you shouldn't ignore the success of AI meme coins

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Mirjan Hipolito

26.01.2025

Jokes, money, and neural networks: why you shouldn't ignore the success of AI meme coins — The success of AI meme coins

The artificial intelligence asset sector is experiencing rapid growth. In the fall of 2024, a new trend emerged in this segment - AI meme coins, which quickly gained popularity. But what is the secret of their success?

AI meme coins are cryptocurrencies that combine elements of memes and artificial intelligence technology. They are created as humorous or experimental tokens but gain additional capabilities and functionality through AI integration.

It all started with projects claiming to be AI-based or AI-themed. However, behind these claims often lay only catchy names and loud promises of innovation. Nevertheless, the hype grew rapidly thanks to active social media campaigns that proclaimed these coins as the future of cryptocurrencies.

As often happens, the market reacted predictably: speculation drove the prices of some of these coins to incredible heights.

AI meme coins proved to be quite attractive in terms of investment. According to Binance analysts, for most of these assets, the market capitalization is equal to their FDV (Fully Diluted Valuation). This suggests that their creators immediately release all coins into circulation, not expecting further emission or dilution of token value.

Polarization of opinions

Just 5–7 years ago, many considered Bitcoin a joke or a financial pyramid. People had to explain why Bitcoin needed a consensus mechanism like Proof-of-Work (PoW) and demonstrate the value of this algorithm.

Over time, cryptocurrencies evolved. The market saw regular crypto rallies, the emergence of new tokens, airdrops, NFTs featuring primitive art valued at millions, and, finally, the creation of meme coins.

Murad Mahmudov, a well-known meme coin analyst, stated during one of his lectures that the supercycle of meme coins is now in full swing. According to him, the era when all crypto assets grew simultaneously is over, and this is a natural phase in the evolution of the crypto market.

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On the other hand, Eddie Lazarine, CTO of a16z Crypto, expressed the opposite view, noting that meme coins are not particularly interesting from a technical standpoint, especially in light of a potential developer exodus from the industry.

Interestingly, later, with the emergence of AI agents, this very fund inspired the creation of the second-largest AI meme coin by market capitalization — ai16z. The project is positioned as a DAO governed by an AI agent named Eliza, capable of reading links, PDFs, audio, and video files, while retaining conversations for user convenience.

As of January 23, 2025, the market capitalization of meme coins on CoinGecko stands at approximately $114 billion, with about 8% attributed to new AI meme coins. Most tokens in the top ten were created just a few months ago and continue to grow actively with their characteristic volatility.

The most popular AI meme coins

The explosive growth of AI-related meme coins began in October 2024 with the launch of the token Goatseus Maximus (GOAT) by an anonymous developer on the website Pump.fun. Backed by the AI agent Terminal of Truths (ToT), GOAT's price reached a market capitalization of $950 million within two weeks. The token's creator sent 1.93 million coins to ToT's wallet, making it the first autonomous AI agent to become a millionaire. Currently, the price of GOAT stands at $0.32, significantly below its peak value of $1.21.

GOAT's success sparked significant interest in protocols associated with AI agents, leading to the emergence of numerous projects. A report by Franklin Templeton on January 14, 2025, predicted a "revolution" in content creation through AI agents, further boosting the popularity of AI tokens amidst Bitcoin's return to the $100,000 mark.

Today, the largest AI meme coin by market capitalization is Fartcoin, priced at $1.53. The token was launched in October 2024 on the Solana blockchain. Fartcoin is built around a culture of AI worship and is promoted by the concept of the Terminal of Truth — an AI-powered chatbot developed by Andy Airy that combines artificial intelligence with meme coins.

Despite its humorous theme, Fartcoin has achieved significant milestones, including listings on prominent centralized exchanges.

Another notable project is Aixbt, an autonomous assistant on the Virtuals protocol within the Base network, specializing in fundamental cryptocurrency analysis. Its token has shown impressive growth — over 112% in the past thirty days — earning it the third spot by market capitalization among AI meme coins.

Among the top ten AI meme coins are two veteran projects launched in 2023 — Turbo and CorgiAI — which have managed to retain their relevance.Turbo (TURBO) is particularly notable for claiming to be the first token entirely generated by artificial intelligence. Created in April 2023 with the help of GPT-4 and an initial investment of just $69, Turbo achieved an impressive market capitalization of approximately $432 million by the end of January 2024, solidifying its status as a pioneer in the AI meme coin space.

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The global impact of AI meme coins

With the emergence of this new asset class, meme coins have gained much-needed technological substance, attracted investments, and ultimately become part of a broader concept linking blockchain with artificial intelligence.

These tokens provide people with an opportunity to invest with minimal capital, enabling rapid wealth accumulation (or equally rapid losses). While their social and cultural impact may grow over time, for now, they play a crucial role in spreading cryptocurrency adoption worldwide and reshaping society's understanding of what money can be.

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