КОКО: Will AI Boost the Rise of Meme Coins?
It was inevitable: artificial intelligence has finally penetrated the meme coin sector. Let’s explore the KOKO project.
Disclaimer: This article is neither an advertisement nor an investment recommendation; all information is provided solely for informational purposes.
Throughout 2023, artificial intelligence was a dominant theme in market narratives. Then came the emergence of meme tokens, offering substantial gains to bold traders looking for the “new PEPE.”
The creators of Koala AI (KOKO) believe that the fusion of artificial intelligence and the real-world application of meme coins is the key to the project’s success. Some users agree: the asset rose by 180% just one month after its launch on March 13, 2024.
What is KOKO?
Koala AI is a project on the Solana blockchain, currently the most popular “meme chain.” According to the developers' website, their goal is to create a vibrant community of traders who are passionate about memes. Koala AI's native currency, KOKO, is intended to be the internal token of this community.
KOKO stands a good chance of success because it combines two current trends—AI and the creation of personalized memes. Platform users can create their own memes using set parameters and the KOKO token. The only requirement is that all images must feature koalas.
How to Generate a Personalized Meme?
Here are the necessary steps:
- Go to the official project website.
- Connect your Phantom wallet.
- Buy some KOKO tokens (hello, utility!).
- Input the parameters for your meme (such as text, emotions, and background).
- Click the “Create Meme” button.
- Pay (naturally, with KOKO tokens!).
- The meme will be generated and saved to your computer.
All tokens used by users in the contract will be burned, helping to maintain the token's price.
Meme Koala Generation Process. Source: art.koalaai
Currently, KOKO is traded on exchanges like Bitget, MEXC, and Raydium, where pairs with SOL and USDT are available. The tax on purchasing and selling is 0%.
The developers have not specified whether other wallets will be supported in the future. However, compatibility with only one wallet type is certainly a limiting factor for attracting a broader user base.
Current Status of KOKO
At the project's inception, 10 trillion KOKO tokens were minted, with about 9.1 trillion currently in circulation. The token sees an average daily trading volume of around $800,000 and has a market capitalization of $15 million. As of this writing, the price is $0.0000017, with an all-time high of $0.0000035 recorded on April 1, 2024.
Koala AI has a vibrant community on Х and TikTok, but as is common with meme markets, little is known about the project's founders.
Meme tokens are highly volatile and depend on meme popularity. Always do your own research before investing.
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