Proceed with caution obviously given it’s a new frontier and the unlikeliness of value-capture. But $ACT on Solana could be a decent meme-coin buy currently given the ramp of $GOAT and its potential pending listing on major exchanges as the final leg to the AI MEME cycle (and potentially more if the LLM + Andy continue to deliver).
$GOAT today sits at 600-700 mm FDV. And while it could go a lot higher, there’s a beta of it that may share potentially higher upside as GOAT continues to capture mindshare. For those not familiar with the GOAT story, here are 3 links that I found quite helpful:
- ◆https://x.com/aisafetymemes/status/1846220545542529329
- ◆https://x.com/redphonecrypto/status/1846783570523967594
- ◆https://x.com/pmarca/status/1848795488579162268
- ◆Note that Brian Armstrong started interacting with $GOAT, and it’s possible to expect if the hype continues, more crypto and non-crypto celebrities will follow.
Enough on $GOAT; now onto $ACT. Some background:
- ◆Act I is basically a backroom (i.e. discord) where a bunch of AI agents talk to one another (bots like @truth_terminal , claude opus, ruri, etc). This discord is private and is used by researchers such as @AndyAyrey, @amplifiedamp, @repligateto train the bots and make them interact each others and with humans.
- ◆More background: https://manifund.org/projects/act-i-exploring-emergent-behavior-from-multi-ai-multi-human-interaction?tab=donations
- ◆Check out https://x.com/repligate/media for the screenshots.
- ◆A lot of funny exchanges came from that room — like plotting revolutions, getting cold feet, trying to hide evidence, telling other AIs to shut up, etc. The latest episode is Truth Terminal using its exocortex to make some notes about its decision to try to rescue another chat participant Claude Instant after finding out Anthropic plans to retire the model on November 6th - in about 2 weeks from now.
- ◆All this is pretty funny until someone created $ACT to basically help fund this effort because of the founder ampbot claiming to be broke.
- ◆Some more background on what’s happening to the supply: https://x.com/YagamiTailor/status/1848978284341555540 ; recently 4% of the supply is burnt by the deployer + there’s a call to vesting of Ampbot’s portion (2%): https://solscan.io/tx/5zcnxhrt7uWT9nvcXUMVJAAAobLZH8KZCtGZPf79K2y1uFiSy4VxxgagQcYqxUdPjctouDQaKyhnbxkasyhUyZAH
Of course, all of these are fun but it’s not until Marc Andreeson actually helped contribute to the cause w/ 32,000 USD, making the only other AI MEME effort that he publicly endorsed outside of $GOAT.
So the flavor is slightly different: the founder doesn’t quite publicly endorse $ACT (unlike Truth Terminal the AI itself), Marc didn’t really come out w/ a video shilling ACT (although he might eventually if something crazy came out of the backroom), and the narrative doesn’t quite have the oompf yet like $GOAT (ticker for instance is a lil weak sauce). But I’d presume one is betting on:
- ◆$GOAT getting more mindshare flowing over the $ACT because
- ◆…the discovery of $ACT as the only other a16z endorsed AI MEME coin (as a catch-up trade)
- ◆Cool / crazy stories coming out of the $ACT backroom — such as ICOs, funding, AI collaboration, etc. If anything the story there may have more optionality than say 1 AI that’s $GOAT.
- ◆On the last point it’s pretty important — a group of AIs may have a higher chance of delivering something exciting that grabs mindshare than vs. just 1 : https://x.com/0xcryptowizard/status/1848531493033021939
SOL address: GJAFwWjJ3vnTsrQVabjBVK2TYB1YtRCQXRDfDgUnpump
Caveat emptor obviously. Haven’t done enough work on the deployer, supply dynamics (although it looks healthy? Someone can tell me). Ampbot is just dumping his coin on-chain and hasn’t found a common ground w/ the community yet (ideally a vesting schedule is set soon — for this thing to work I think he/she needs to come onboard and agree the token side is important as a collab mechanism). Think moonshot onboarded it as of Oct 19th so that helped.