Here's Why This Solana-Based AI Agent Token Pumped 500%
Trump’s victory over Harris for US Presidency has set off the latest crypto bull run, with Bitcoin indomitable again. The biggest crypto by market cap has reached $91K+ as of November 14, 2024. Of course, altcoins are climbing too, taking giant leaps.
Memecoins and AI are two of the biggest sectors to watch at the moment. In fact, there’s a Solana-based AI agent token that has pumped 500%+ in the last 24 hours!
The token is called $INTERN (The Intern), and it happens to be powered by the first AI agent from FOMO.fund, a leading memecoin launchpad that has also built the first ever AI agent launchpad on the Solana blockchain. As the bull run enters its peak, we think your eye should be on both $INTERN and $FOMO. Why? Let’s find out!
The memecoin hype, and why AI agents are catching on
Memecoins are driven in a large part by what the young’uns call brainrot. The nerds and the technology freaks consolidate on social media to turn many oft-used internet memes (that no one finds funny after a while, let’s be honest) into cryptocurrencies. This is how Dogecoin was created years ago, birthing the entire memecoin sector that’s thriving today.
In fact, the latest memecoin hype is bolstered by $DOGE too; Musk showed support for Trump and recommended a department called the Department of Government Efficiency, and now speculators think $DOGE could be more involved than simply supplying the acronym for this department.
Anyway, so how do these brainrot tokens manage to get so popular? The community-driven projects take up genuine utility as time goes on to justify their valuation, and those that fail to do that, sink quickly enough.
In the meantime, AI is developing an incredible understanding of human nature. AI agents flourish in the web3 space, because web3 affords a much higher degree of autonomy than web2 ever could, which means AI agents are free to learn quickly and get into everything from research to content creation to trade execution, helping crypto users along the way. Now, what happens when AI and memecoins combine? The results are explosive.
$GOAT or Goatseus Maximus, a memecoin based on Solana, is a good example of this. A shitposting bot on X identified an age-old meme and brought it up for engagement farming, and once the brainrot caught, the AI agent behind it helped launch a memecoin inspired by it called $GOAT. The internet loved it, investors raced to buy it, and suddenly the crypto went from nothing to over $700 million in market cap within all of two weeks in October!
At the time of writing, $GOAT is nearing $1 billion in market cap. The project might develop real world utility in some time, validating the hype. $GOAT is a good example of how well AI understands what the market will love. Now, the $INTERN may be another crypto slated to skyrocket, powered by an AI agent.
Who is The Intern ($INTERN)?
To understand the $INTERN, you gotta understand $FOMO first. The memecoin and AI agent launchpad has recently had a successful presale. Token creators here are empowered with a simple and fair launch system that integrates a bonding curve model, so token prices can adjust dynamically based on supply and demand.
FOMO.fund’s users can develop tokenized AI agents in under a minute. These agents are not your regular bots; in fact, they are fully autonomous virtual personalities! They can learn, interact, complete various tasks, create content, and promote their own tokens on Telegram, Tiktok, X, YouTube, and more.
FOMO’s first AI agent is The Intern. Proper brainrot material right there, if you ask us. As the FOMO team says, “He’s got his own brain, his own mission, and a style that’s 80% FOMO, 20% his own.” He is fueled by a powerful AI model, which allows him to be “unpredictably social.” He can interact across X, Telegram, and more; he can post, engage, and interact in real time. What’s more, he can farm engagement like a true degen. He has already created $INTERN, his own token, which pumped 500% on November 13.
Does $INTERN have real potential? Well, the foundations seem strong enough for a quick rise. What’s more, Binance listed a token called $ACT on November 11, launched also by an AI agent. The token had a $20 million market cap at the time of listing. The price of the token went up by 20% within hours, and its market cap rose by 41x in just 4 days too. A whale even bought 17.1 million $ACT tokens for $5.6 million right after, becoming the largest individual holder of $ACT, with an unrealized profit of $3.8 million!
$INTERN holds a similar potential for a big exchange listing; $ACT pumped 3100% after Binance listing news, and you can expect similar numbers from $INTERN, if not more.
The wise thing right now would be to get your stake into $INTERN right now so you can hitch a ride when the inevitable upward journey starts! DYOR, and join in the fun as memecoins and AI run wild.