Author(s)

Chengkai Lin ¹, Hui Gong ¹

Affiliation(s)

¹ Institute of Finance and Technology, University College London, Gower Street, London, UK

Corresponding Author

Hui Gong

ABSTRACT

The advent of generative AI, particularly marked by the introduction of ChatGPT 3.5, has catalysed a profound transformation in the memecoin market. This study explores the impact of these AI advancements on both older and newer memecoins, leveraging price data, Google Trends insights, and key AI industry events. Our findings reveal a significant post-Singularity shift, with newer memecoins such as PEPE, WIF, and BONK exhibiting heightened sensitivity to AI trends compared to their older counterparts like DOGE, SHIB, and FLOKI. This increased responsiveness is attributed to the rapid integration of AI tools in content creation and community engagement, which has fuelled market dynamics and amplified cultural significance within digital communities. The study underscores the pivotal role of generative AI in driving the evolution of memecoins, heralding a new era of digital finance and cyberculture.

KEYWORDS

Generative AI, Memecoins, GPT, PEPE, Attentionomics

CITE THIS PAPER

Chengkai Lin, Hui Gong, Generative AI and Memecoin Evolution: Bridging Technology and Culture. Financial Engineering and Risk Management (2024) Vol. 7: 85-104. DOI: http://dx.doi.org/10.23977/ferm.2024.070612.

REFERENCES

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