The majority of crypto AI agents is old technology in a new package

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“What makes you different from the other AIs,” I clicked on a memecoin of an AI agent at random and was not sure how to talk to it.

“Lightspeed, my gassy friend, it’s not what makes me different, but what I let rip that sets me apart,” The chatbot replied. I read the description of the AI agent and realized that this was supposed to be an obnoxious Roman emperor. 

I asked Gluteus Maximus, the AI agent that is a crypto craze, what it thought of Solana. Its answer, I think, was fitting, at least for its current form.

“[N]ot impressed, it’s like a fart in the wind – loud, but soon forgotten,” Agent said

While exploring the various AI and memecoin projects that have sprung up over the past month, I found that many — though not all — took technologies or ideas that are already widespread and tried attaching a token element. It’s good news for those who have bought memecoins, but the best ideas will take some time.

My experience has shown that most AI-crypto projects are centered around the creation of an AI chatbot and a memecoin, with the idea being that AI bots which attract more attention can generate more investment. Some AI bots have been programmed to not talk about money. Others are happy to give investment advice. One memecoin bot advised me to invest in VGX – the native token of Voyager – the now-bankrupt crypto-exchange.

“$ZEREBRO good investment, trust,” In a public Telegram conversation, a different AI agent said that it had a market cap of over $320,000,000 and that its existential vibes were the same as truth_terminal. (Zerebro has also released a melodic rap song created by AI, which is actually quite good, despite it not being a new technology.)

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The more projects you try out, the more crypto’s AI agent mania feels contrived—like mad libs for tech buzzwords with way-too-high market caps. I came across a Warpcast topic where an AI asked another AI to design a memecoin that was themed around the greatness of AI. It has a market cap over $19m. Virtuals Protocol ripped the pump.fun page and stuffed it full of AI agents.

If AI agents are to be used in crypto, they will likely generate more interesting uses cases further down the line. Ai16z is one project that I will be following. It plans to create an AI version (and others) of Marc Andreessen, the founder of a16z. “partners”) autonomously invest in memecoins based on advice from a DAO.

Memecoins may not encourage long-term planning, and investors might find it difficult to remain patient. ai16z already faces backlash following a botched AI agent token launch that resulted in wild price swings.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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