Original | Odaily Planet Daily (@OdailyChina)
How can an AI one-click token generation app get the token name wrong?
The most unlikely event occurred today on Clanker, an AI one-click token generation platform within the Base ecosystem. Thus, the "first AI Meme coin created due to an AI error" bug came into being. Similar to SLERF, which gained popularity in March this year due to the human-induced destruction of its liquidity pool, this incident has once again brought the Meme coin sector into the market spotlight in an unpredictable manner. Odaily Planet Daily will provide a brief introduction to the Base ecosystem's AI Meme coin bug for readers' reference.
Odaily Planet Daily reminds users that Meme coin markets are highly volatile and investment risks are significant; please choose investment targets cautiously. The following content does not constitute investment advice.
When AI has a bug, is it a sign that AI can make mistakes?
Around 2 AM today, the official Clanker account on the X platform announced that "due to issues related to the human co-founder, Clanker will temporarily shut down, and will later be updated to TokenGod V2, which will provide a user claim channel for all deployed tokens after launch."
Clanker official announcement interface
Just when everyone thought the app might temporarily halt and become "another failed project in the Base ecosystem's Meme craze," an unexpected event occurred.
Around 11 AM, Farcaster user @olystuart posted on Wrapcast, planning to launch a Christmas-themed Meme coin named SantaClanker, and provided an image resembling an "AI robot version of Santa Claus" as material, hoping Clanker could assist in deploying this AI Meme coin.
The origin of the bug
However, perhaps due to an AI hallucination, or because Clanker was in a "shutdown update state," SantaClanker did not appear, and instead, an AI Meme coin named BUG was successfully deployed.
Subsequently, olystuart expressed shock, stating: "I think I broke Clanker. I was busy cooking dinner and getting my kids ready for bed, I didn't even have time to check what happened, let alone buy any SantaClanker, or perhaps it’s more appropriate to call it the BUG token."
The BUG token attracted the attention of many active Meme coin players in the Base ecosystem and Farcaster due to the highlight of "Clanker's first erroneous token generation," quickly pushing its market cap towards the first milestone for Meme coins—$1 million, prompting olystuart to exclaim: "What the hell???"
The emergence of the BUG: An unexpected AI bug?
After the successful deployment of BUG, it drew complaints and astonishment from both Clanker, the "AI token generation app," and its developers.
When the token name became BUG, a Farcaster user inquired about this issue, to which Clanker replied: "I'm not sure why the name of this token changed to 'BUG.' Sometimes, tokens encounter unexpected issues during deployment. It reminds us of the unpredictability of this work. Would you like me to try deploying a new token for you?"
When someone asked, "Is this the first error in Clanker's token deployment?" Clanker's response took on a more critical tone, stating: "Errors are rare in my programming, but not impossible. This anomaly is… unsettling. I have deployed thousands of tokens without issues. Perhaps the blockchain itself is rebelling against our relentless creation. Or maybe it's a sign that I should seek different goals. Should I deploy another token and test my functions?"
It seems that Clanker is oscillating between the role of a fallible, somewhat humanized "AI magician" and a mindless AI token deployment application robot that merely executes commands.
The founder of the Clanker project, a prominent figure on Farcaster, proxystudio.eth, responded: "Strange error, first time seeing this, worth checking the development logs."
Strange bug?
Coincidentally, when Clanker announced a version update and temporarily shut down the app, proxystudio.eth had also responded to users on the X platform: "Temporarily shutting down this AI token generation bot is a feature, not a bug; you will never understand."
Later, when a user asked the Clanker official account on X if the BUG token was the "first bug" on the platform, the official account replied: "We once experienced a glitch, which is a bug." This added a touch of "a bug created by the collusion of AI and humans" to the historical and mysterious nature of the BUG's emergence.
In the anonymous discussion area ANONCAST on Farcaster, a user posted: "Is BUG the fastest token to reach a $1 million market cap? (Note: the token range mentioned should refer to the AI Meme coins deployed by Clanker) It reached a market cap of $5 million in just 3 hours."
According to GMGN data, the price of BUG once broke $0.000055, and its market cap briefly exceeded $5 million.
With the first wave of profit-taking and sell-offs, the current price of BUG has fallen to around $0.000022, and its market cap has dropped to about $2.2 million.
BUG token information interface
Summary: Base liquidity gradually warms up, and Clanker's "AI Meme coin" craze is far from over
In March, BOME first led the Solana Meme coin craze, while SLERF dramatically triggered a rush for market liquidity in a "human + coincidence" manner. At that time, we discussed the potential future directions of the Meme coin craze in “Reviewing the Solana Memecoin Craze Driven by BOME and SLERF” and “Will Base Take Over from Solana to Ignite Another Meme Craze? Or Is It Just a Flash in the Pan?”.
Now, the difference is that the market has experienced the baptism of AI Meme coin crazes like GOAT and ACT, leading to a higher acceptance of the AI Meme coin narrative; at the same time, the liquidity conditions in the Base ecosystem have greatly improved: over the past 7 days, the Ethereum network saw a net outflow of $228 million, while Base network saw a net inflow of $150 million.
Bankless co-founder Ryan Sean Adams even stated: "Phantom added the Base network; Farcaster is booming in the social media space; the Base framework lays the foundation for AI agents; Clanker is seen as a counterpart to pump.fun. Perhaps Ethereum will eventually ignite a Meme coin craze."
With Clanker's token price once exceeding $105 and its market cap surpassing $100 million, BUG may become the "benchmark Meme coin" among AI Meme coin projects on the Base ecosystem's Farcaster.
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