Original author: TechFlow
The market fluctuated widely, and the ETH/BTC exchange rate hit a new low since the end of 20 years. SOL, which had been in the limelight in this bull market, also temporarily stalled.
The main coins of each chain performed poorly, and the on-chain market was naturally average. According to Artemis data, the net capital flow of each chain dropped sharply in the past week, and only a few chains maintained positive inflows. Among them, except for the Ethereum mainnet and Berachain, which continued to be popular for staking, the Base chain had the largest capital flow.
In addition to the recent launch of Coinbases stock derivative coin $wbCOIN on the Base chain, which brought a wave of new funds into the market, there is another familiar reason for the recent growth in funds on the Base chain - there are new memes to play with.
Market sentiment is not good, and it is not easy for hot spots to emerge. Let’s take a quick look at what is playing on Base in the past two days.
Note: Meme token prices fluctuate drastically and there is a high risk. Investors should fully assess the risks and participate with caution. This article only shares information based on market hotspots. The author and the platform do not guarantee the completeness and accuracy of the content of the article. At the same time, this article does not contain any investment advice.
AI is happening (again) on Base
Starting last week, Musks own AI Grok @grok, which he has been promoting vigorously, began to let itself go on Twitter, interacting continuously with Twitter users at its account.
This business opportunity was naturally captured by crypto players, so people kept trying to guide Grok to mention his own Meme coin on Twitter. At the beginning, Grok did bring about a wave of related hot memes on Solana, and the related token $GrokCoin had a peak market value of nearly 35 million US dollars, but this narrative did not have enough stamina to support it. After todays PvP, the coin price gradually returned to zero.
But the crypto people who are trapped will definitely not give up. Instead, they will choose to continue teasing Grok and try to dig out more opportunities.
You know what, I finally found it, but this time it was on Base.
$DRB (DebtReliefBot) - AI mutual assistance and collaboration issued a coin
On March 7, Twitter user @coin_domin asked Grok to issue a token through Base ecosystem’s DeFAI Agent Bankr @bankrbot on Base ecosystem’s AI Agent coin issuance platform Clanker @clankeronbase . Grok then named the token DebtReliefBot and the Ticker was $DRB.
What is ABC? It seems a bit confusing. The thoughtful editor has prepared a simple one-picture flow:
In short, $DRB, a collaboration between three AIs, was born, and the narrative of AI collaboration is still quite popular. Five days after its issuance, the market value of $DRB reached a maximum of around 41 million US dollars, and its current market value is around 20 million.
$BNKR (BankrCoin) - the token of the Bankr platform
This wave of excitement is not only about $DRB, but also the Bankr platform token $BNKR that participated in the collaboration has risen due to the popularity. The highest market value reached 44.5 million US dollars, and the current market value is around 4150 US dollars.
Here is a brief introduction to the relationship between Banker @bankrbot and Clanker @clankeronbase , two important roles in the coin issuance process.
Bankr is a DeFAI platform developed by @0x Deployer . Its core functions include token exchange, limit orders, transfers, and token deployment. After users register with a social platform account (currently supports X and Farcaster), they can use natural language on the social platform to complete a series of crypto account operations through Bankrbot (for example, directly at Bankrbot to let it use your wallet to buy $200 of $DRB).
Clanker is an independent AI-driven tool developed by Farcaster engineer Jack Dishman and proxystudio.eth. It focuses on deploying ERC-20 tokens on the Base blockchain and became popular in the Base ecosystem in November 24. However, since Clankers series of operations can basically only be completed by talking to it on Farcaster, and even in the crypto circle, Farcasters user range is not at the same level as X, it gradually faded out of the on-chain PvP vision. (But the price performance of its token $CLANKER has been good)
How does Bankr deploy tokens using Clanker?
According to the interaction records on X, Bankr explicitly stated that Clanker is a third-party AI agent that allows Bankr to deploy tokens for its users. For example, X users can request to deploy new tokens through Bankrs interface, and Bankr uses Clankers protocol in the background to perform this operation. However, according to Bankrs requirements, the deployment process requires users to hold 5 million $BNKR tokens (about $1,600), and the actual deployment depends on Clankers technology stack.
This wave of traffic brought by Grok and BANKR also caused the token deployment volume of the Clanker platform to surge in the past few days:
In general, there may not be any particular essential difference from the Base AI craze four months ago, except that this time the recently popular Grok and the rediscovered BANKRCLANKER have joined the mix.
Taking advantage of the popularity brought by this wave of AI Agent mutual coin issuance, some people have also issued their own tokens through Bankr.
$PUBLIC - Viral, Base founder retweets like crazy
Yesterday, Twitter user Yuri Rybak @bigvibessss also issued his own token $PUBLIC through Bankr, and the token quickly swept the screen on X: many people posted the CA of $PUBLIC and attached a picture with black text on a white background with only a short sentence.
Yuri Rybak is an artist who transformed from a pianist to a music composer and entered the crypto space in 2021. He has participated in multiple NFT projects and worked at Zora. Recently, he has focused on maintaining his personal blog inpublic.fun . However, behind inpublic.fun is a Zora contract packaged as a website. When a user posts a comment, an image is minted.
According to Yuri himself: “While running an NFT blog is fun, it has become clear that tokens are the future. Today marks the beginning of a new experiment where I will associate my writing, commentary, and insights with $PUBLIC tokens.”
In short, this person has decided to issue a coin. And in the future, posts in the form of black text on a white background will be posted on X instead of the original blog website, which may be the reason why the screen is flooded with black text pictures on a white background today.
At first, the crazy spread of $PUBLIC felt like a community self-congratulation. It wasn’t until Base’s head Jesse Pollak @jessepollak and Clanker founder @_proxystudio retweeted the project several times that $PUBLIC began to spread rapidly and its price soared.
According to a repost by a senior executive at Base, the highest market value of $PUBLIC reached about $4.6 million yesterday. However, this narrative lacked stamina, and the current market value has fallen back to around $900,000.
summary
In addition to the memes introduced in this article, many KOLs have recently followed the trend and issued tokens through Bankr. Obviously, the wealth effect brought by the coin issuance link from Bankr to Clanker has attracted many people to join in the experience.
But the popularity and wealth effect are always accompanied by risks. Although the popularity has risen, it is not ruled out that someone will deliberately do evil and the market will overpay. When everyone starts to issue coins, the tokens that are not strong enough will inevitably face the consequences of going from PvP to zero.
The popularity is easy to pass, so enjoy it and cherish it. Although the ETH in your hands is cheap, don’t mess around with it!
