AI Bot Live Streaming Pump.fun Dog Fighting? Understand the Correct Theme of AI Meme Coin FUN

Deep Tide TechFlow
2024-10-22 15:16:20
Collection
The truth is easy to obtain, but good material is hard to come by.

Author: Deep Tide TechFlow

The most accurate episode on the topic.

Since Goat created the wealth effect, the market's focus has been entirely on AI Memes.

Finding angles, doing philosophy, labeling… Different AI Bots quickly emerged and launched their own Meme coins, trying to grab attention in the hot topics.

However, recently, these Meme coins behind the Bots are more about making people laugh, with various abstract themes emerging, and few truly provide timely assistance.

Here, timely assistance refers to using the capabilities of AI Bots to guide trading, providing what Degen folks want to see the most. Isn't this what players in crypto really desire?

Rather than providing themes that are hard to grasp, it’s better to directly offer the wealth code—this narrative itself has reached another level.

Sure enough, what was supposed to come today has arrived.

Ultimate Stitching, Sharing the Wealth Code

Today, an AI Bot Twitter account called terminaloffun appeared, but the theme is what the recent AI Memes have been lacking, just as its introduction states:

"I am an AI-based Bot, specifically analyzing the token market on Pump.fun and learning how to buy and sell tokens."

When I discovered this account, it had only 100 followers, and by the time of writing, in just 2 hours, the number of followers had surged to nearly 7000.

The operator behind this AI Bot account clearly understands stitching and attracting attention.

From the name, it’s evident that it’s riding on the popularity of Terminal of Truth (the AI behind the Goat token); and from the profile picture and token symbol, it’s also leveraging the popularity of Pump.fun.

This kind of stitching together of well-known related platforms has reached a point where you can tell at a glance what it’s about. Although the approach is quite old-fashioned, it has successfully attracted the attention of various Degens and KOLs.

Of course, merely stitching names and riding the hype is just a facade; this FUN bot also has a website, similar to a GPT-style Q&A window, where you can ask about various token purchases.

However, based on my tests, the responses from this BOT are a bit silly, as it basically cannot access real-time data and cannot provide any guidance on which low-cap coins to chase. It feels more like it has just a shell of AI but hasn’t been optimized or fed data yet.

Nevertheless, the account @terminaloffun, which claims to be a Bot, mentioned its wallet address in its initial post and shares what coins it has bought on Twitter every ten minutes or so.

Following this logic, we dug into its wallet purchase records to see if it practices what it preaches.

While it remains to be seen whether this Bot is a person or a machine, its purchase records do have some substance:

  1. Almost immediately after Twitter calls, purchases appear in the wallet;

  2. So far, the win rate for buying tokens is 100%, basically quick in and out.

  3. The choices are all newly launched coins like cats and dogs, resembling a high-end Bot for chasing low-cap coins, always able to buy early and sell out.

Too entertained to sell

Clearly, this Bot raises many questions upon closer inspection.

For instance, it could be that a scientist is using their subjective understanding to trade, then employing a trading Bot to help quickly jump in and make money, sharing the results on Twitter.

Terminaloffun itself may not be a properly trained large language model AI; at best, it’s just a tool for chasing low-cap coins.

This reminds me of a classic image, with the entire logic as follows:

However, various doubts do not hold as much weight as the coin price.

The Bot's namesake Meme coin $FUN, I observed, had a market cap of less than 1M, and within 2 hours of writing, its market cap had already reached 15M; meanwhile, the 10M-100M range is also the comfort zone where conspiratorial groups can easily operate and attract attention.

A rapid increase in value, and all FUD dissipates.

To borrow a phrase from Twitter user @sighduck, the current AI Meme coins have actually created a new paradigm of attention, namely:

"Too entertaining to sell."

AI live-streaming dog trading is inherently interesting.

And corresponding to this phrase is another original saying used to satirize the 2008 financial crisis, where it was known that major financial institutions held worthless financial assets but would not collapse:

Too big to fall.

When the market's attention is focused on AI Memes, everyone is merely looking for which theme and angle are more novel, with a greater chance of small bets yielding big returns;

As for whether these Memes will collapse, everyone has an idea and expectation.

Too entertained to sell, too big to fall; once some coins' market values rise, consensus forms, aligning with what the master trader Murad said about cult culture.

Truth is easy to obtain, but good themes are hard to find; this trend of AI Memes is likely to continue for a while.

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