When meme tokens dramatically become extremely popular, their value increases tenfold. The price jump happens relatively quickly, so many investors want to find such coins even before the hype around them. Artificial intelligence ChatGPT tried to help with that - the experiment with the chatbot was conducted by the CryptoPotato journalists.

Which meme-tokens to choose

When asked what caused the popularity of these assets, ChatGPT gave the following phrase.

Meme tokens like DOGE, SHIB and PEPE have gained significant popularity and attention due to their association with Internet memes and viral content. These coins often rely on community initiatives and social media to attract users and investors. Their success is largely determined by factors such as brand awareness, celebrity endorsements and online trends.

Overall, artificial intelligence hasn’t told us anything new here, as the listed prerequisites for the success of crypto projects are already known. First, they need a first wave of popularity, and sometimes celebrities can play a decisive role in this process. Dogecoin, for example, owes its hype to Ilon Musk, who occasionally mentions the altcoin on his Twitter page.

The Pepe token is a reference to “Pepe the frog”, a popular internet meme that is at least 15 years old. There have been other tokens with similar themes before PEPE, but this particular project managed to take off.

What will happen to meme tokens in the future? Here is ChatGPT’s answer.

It is possible that some meme-tokens will continue to attract attention and maintain a certain level of popularity, while others will be forgotten or overshadowed by new trends.

Such a version sounds logical. ChatGPT has correctly pointed out that meme-token status does not yet mean just a short-term investment designed for growth. The same Dogecoin has been popular in the crypto market for more than five years, and the altcoin has relatively large capitalisation and liquidity. So some mem-tokens could well be mid-term or even long-term investments.

???? YOU CAN FIND MORE INTERESTING THINGS ON US AT YANDEX.ZEN!

Fans of such investments can become millionaires literally in a week. However, not everyone is lucky – a trader under the nickname sighduck is among such losers. This month he lost about 78 ETH, or about $147 thousand, in various meme-tokens. Some of his trades are so interesting that analysts at the Lookonchain platform have prepared a mini Twitter report on his activity.

The first meme token the trader purchased this month was an asset under the ticker TURBO. Trader sighduck bought the token on May 4 at $0.0004915, but one day later sold it for $0.0002525 due to a price collapse, losing ETH 24 or $46,313.

Over the next few days, the value of TURBO increased almost tenfold.

A second coin under the ticker BEN was bought and also sold a day later with a total loss of 3.94 ETH or $7,272.

BEN rose in value more than 85 times in three days after it was sold. However, the reputation of this project is far from perfect, as its creator raised funding via Twitter. In other words, he asked interested people to send ethers to his address, which in itself is an odd decision that could draw the attention of regulators in the long run.

Then sighduck sent 5 ETH to an anonymous developer ben.eth to get 8.9 million PSYOP tokens. However, there was a rumour among cryptocurrency fans that PSYOP might be a fraudulent token, so sighduck sold the tokens at zero.

Already afterwards, the value of the asset increased almost five times. The trader ended up buying the tokens again, but sold them for nil again.

And that’s not all: the “whale” had several other investments in mem-tokens with losses in the tens of thousands of dollars.

As you can see, even big experienced market players can lose a lot of money in meme-tokens. And this is a good lesson for those whose capital is not that large. If you can’t afford the losses, meme coins are safer to ignore. While they do sometimes increase in value by tens or hundreds of times in a couple of days, more often than not interacting with them is a trivial lottery, which can be unlucky.


We think the response from artificial intelligence is quite reasonable. Some meme-tokens do get a long-term high and gain a foothold in the top digital assets by market capitalisation. However, it is important for investors to remember that such assets appear by the thousands, and only a few are "successful" among them. So, assess the risk level here as carefully as possible - otherwise, associating with illiquid tokens threatens the loss of invested capital.


You can find more useful information about other investments in our cryptochat. There we talk about other important topics related to the blockchain and decentralisation industry.