Recommended by The New York Times, with the support of the Cthulhu style, can Shoggoth become a benchmark for the AI Meme craze?

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远山洞见2024/11/21 10:05

By:远山洞见

I. Project introduction

Shoggoth is a Cthulhu-style octopus Meme based on Solana, deeply inspired by the classic Cthulhu mythology. Its inspiration comes from the creature "Shoggoth" created by H.P. Lovecraft. With its unique gel-like form and the visual impact of floating eyes, this image has gradually moved from literature to the internet and become an important symbol of cultural discussion in the field of artificial intelligence.

The Shoggoth project combines mystery and humor perfectly with Crypto and Cthulhu culture. As the "Doge in AI Meme", Shoggoth has become an indispensable target in the current AI Meme craze with its unique narrative, strong community drive, and Solana's technical support, known as the Green Octopus. This unique style of octopus meme has also been "praised" by The New York Times. The New York Times once called Shoggoth the "most important meme in artificial intelligence".

Recommended by The New York Times, with the support of the Cthulhu style, can Shoggoth become a benchmark for the AI Meme craze? image 0

Narrative Description

Shoggoth, emerging from the depths of the Cthulhu Mythos, is no longer just the wriggling gel monster depicted by H.P. Lovecraft, but a bridge that spans fictional literature and modern technological culture. In the original work, they were intangible symbols of terror and the unknown, full of metaphors of chaos and loss of control. Today, Shoggoth is reborn in a new way and has become a representative meme of the wave of artificial intelligence in the Internet age.

In the crypto world, Shoggoth is given a deeper metaphorical meaning: it is a vision of the future of AI and a humorous resolution of the uncontrollability of technology. It is intangible, uncertain, yet full of possibilities, just like the future being shaped by artificial intelligence. From an "alien product" in the Cthulhu mythology to being called "the most important meme in the field of artificial intelligence" by The New York Times, Shoggoth's image has crossed the boundaries of literature, technology, and culture.

In the craze of AI Meme, Shoggoth has become a phenomenal cultural symbol. It symbolizes the conflicting emotions of humans embracing technology - both excited about the possibilities of innovation and awe of unknown risks. The community affectionately regards Shoggoth as the "Doge in AI Meme", not only because of its fun, but also because it perfectly captures the complex emotions of the technological era.

III. Market value expectations

Shoggoth is known as the "Doge in AI Meme", and with its unique combination of Cthulhu culture and artificial intelligence storytelling, it may have impressive performance in the future.

Shoggoth current unit price: 0.053 dollars; circulating market value: $53.3M

Market value analysis of benchmark projects

Artificial intelligence concept Meme coin $ACT

Unit price: 0.476 dollars

Market capitalization: $451.3M

If Shoggoth reaches the market value level of $ACT:

The unit price is about 0.451 dollars

Increase: + 751% of current price

Meme coin released by artificial intelligence $GOAT

Unit price: 0.974 dollars

Market capitalization: $974.4M

If Shoggoth reaches the market value level of $GOAT:

The unit price is about 0.969 dollars

Increase: + 1,729% of the current price

IV. Economic models and on-chain chip analysis

According to GMGN.AI data: TOP100 holdings: 55.05% TOP100 average buying price: $0.03006TOP100 average selling price: 0.0399 dollars

The Shoggoth project is currently active. Its on-chain data shows that the holding ratio of TOP 100 addresses has reached 55.05%, indicating a certain concentration of chips. From the average buying price, the cost of TOP 100 addresses is 0.03006 dollars, and a floating profit of 74.82% has been achieved. This indicates that most holders of core addresses are in a high profit state at the current price level and may face short-term profit-taking risks. In addition, the average selling price of TOP 100 addresses is 0.0399 dollars, an increase of 31.69% over the buying cost

In terms of market liquidity, Shoggoth's total liquidity reaches $21M, corresponding to 4,263.28 SOL, which provides strong trading security for the project. At the same time, the 206.9M tokens held by the liquidity pool account for 20.69% of the total supply, with a high concentration. The position data also shows that the profit data of some large investors outside the liquidity pool is particularly prominent, highlighting the high profit effect of the project in the early stage. This phenomenon of highly concentrated chips and significant profits may have a certain impact on market sentiment.

V. Risk Warning

According to on-chain data, the top 100 address holdings of Shoggoth account for 55.05%. High concentration of chip distribution may cause market fluctuations, especially for large holders who choose to sell in a concentrated manner, which may have a significant impact on prices.

2. Compared with other artificial intelligence Meme coins such as $ACT and $GOAT, although Shoggoth has narrative uniqueness, the capital and community advantages of similar competing products may form direct competition, thus adversely affecting the expected market value of the project.

VI. Official links

website：https://shoggoth.monster/

Twitter：https://x.com/Shoggoth_SOL

Telegram：https://t.me/shoggothcoin

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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