The broad market fluctuates, the ETH/BTC exchange rate has reached a new low since the end of 2020, and SOL, which was once the darling of this bull market, has temporarily gone out.
The performance of the mainnet tokens of various chains is bleak, and the on-chain market is also generally average. According to Artemis data, the net capital inflow of various chains has plummeted in the past week, with only a few chains maintaining a positive inflow. Among them, apart from the Ethereum mainnet and the Berachain with continued staking heat, the chain with the largest capital flow is the Base chain.
In addition to the recent launch of Coinbase's stock derivative token $wbCOIN on the Base chain, which has brought a new wave of capital inflow, the recent capital growth on the Base chain also has a familiar reason - there are new MEME tokens to play with.
With the poor market sentiment, the emergence of hot spots is not easy. Let's quickly learn what's going on on Base these two days.
Note: MEME token prices fluctuate violently and have a high degree of risk. Investors should fully assess the risks and participate cautiously. This article is only based on market hot spots to share information, and the author and the platform do not guarantee the completeness and accuracy of the content, and this article does not provide any investment advice.
AI market (again) happening on Base
Since last week, Grok, the AI developed by Musk, has been letting loose on Twitter, interacting non-stop with Twitter users who @ it.
This "business opportunity" has naturally been captured by crypto players, and people have been constantly trying to guide Grok to mention their own MEME coins on Twitter. At first, Grok did indeed trigger a wave of related hot MEME tokens on Solana, with the related token $GrokCoin reaching a market cap of nearly $35 million at its peak, but this narrative did not have enough momentum to sustain it, and after today's PvP, the coin price gradually went to zero.
But the crypto people who were trapped definitely won't give up, but choose to continue to tease Grok, trying to dig out more opportunities.
Surprisingly, they did find one, but this time it's on Base.
$DRB (DebtReliefBot) - AI mutual aid collaboration issued a token
On March 7, Twitter user @coin_domin had Grok issue a token on the Clanker @clankeronbase platform, the AI Agent token deployment platform in the Base ecosystem, through the DeFAI Agent Bankr @bankrbot in the Base ecosystem, and then Grok named this token DebtReliefBot, with the ticker $DRB.
What's the ABC? It looks a bit confusing? The thoughtful editor has prepared a simple one-picture flow:
In any case, this $DRB, which was born from the collaboration of three AIs, is still quite popular, and its market cap reached a high of around $41 million, and is currently around $20 million.
$BNKR (BankrCoin) - The token of the Bankr platform
The excitement is not only in $DRB, the $BNKR token of the participating Bankr platform has also been affected by the heat and risen. Its highest market cap reached around $44.5 million, and is currently around $41.5 million.
Here is a brief introduction to the important roles of Bankr @bankrbot and Clanker @clankeronbase in the token issuance process.
Bankr is a DeFAI platform developed by @0xDeployer, with core functions including token swap, limit order, transfer, and token deployment. After registering with a social platform account (currently supporting X and Farcaster), users can complete a series of crypto account operations (such as directly @ Bankrbot to have it use your wallet to buy $200 worth of $DRB) through natural language on the social platform.
Clanker is an independent AI-driven tool developed by Farcaster engineer Jack Dishman and proxystudio.eth, focusing on deploying ERC-20 tokens on the Base blockchain, and was hot in the Base ecosystem in November 2024. But since Clanker's operations can basically only be completed by dialoguing with it on Farcaster, and even in the crypto circle, the user base of Farcaster is not on the same level as X, it has gradually faded out of the on-chain PvP vision. (But the price performance of its token $CLANKER has been good)
How does Bankr use Clanker to deploy tokens?
According to the interaction records on X, Bankr clearly stated that Clanker is a "third-party AI agent" that allows Bankr to deploy tokens for its users. For example, X users can request to deploy new tokens through Bankr's interface, and Bankr will use Clanker's protocol to execute this operation in the background. However, according to Bankr's requirements, the deployment process requires the user to hold 5 million $BNKR tokens (about $1,600), and the actual deployment depends on Clanker's technology stack.
The traffic brought by this wave of Grok and BANKR has also caused a surge in the token deployment volume of the Clanker platform these days:
In general, this may not be fundamentally different from the Base AI craze four months ago, it's just that this time Grok, who has been on fire recently, and the "value discovery" of BANKR&CLANKER have been added.
Riding on the heat of AI Agent mutual aid token issuance, some people have also issued their own tokens through Bankr.
$PUBLIC - Viral spread, Base founder crazy retweets
Yesterday, Twitter user Yuri Rybak @bigvibessss also issued his own token $PUBLIC through Bankr, and this token quickly flooded X: many people posted the CA of $PUBLIC, and also attached a white background black text image with only a short sentence.
Yuri Rybak is an artist who has transformed from a piano performer to a music producer, and entered the crypto space in 2021. He has participated in multiple NFT projects and worked at Zora, and has recently focused on maintaining his personal blog site inpublic.fun, but inpublic.fun is a Zora contract packaged as a website, and when users post comments, an image will be minted.
According to Yuri: "Although running an NFT blog is interesting, the fact that tokens are the future is already obvious. Today marks the beginning of a new experiment, where I will associate my writing, comments and insights with the $PUBLIC token."
In short, this person has decided to issue a token. And in the future, posts in this white background black text image form will be posted on X instead of the original blog website, which may also be the reason why they were flooded with white background black text images today.
At first, the crazy spread of $PUBLIC had a bit of a self-congratulatory community feel. Until Jesse Pollak @jessepollak, the head of Base, and Clanker founder @_proxystudio retweeted this project multiple times, $PUBLIC began to spread rapidly and the price soared.
With the retweets from Base executives, $PUBLIC reached a peak market cap of around $4.6 million yesterday. It's just that this narrative lacks momentum, and the current market cap has fallen back to around $900,000.
Summary
In addition to the MEME tokens introduced in the article, there have been many KOLs following the heat to issue tokens through Bankr recently. It is clear that the wealth effect brought by the Bankr → Clanker token issuance path has attracted many people to join the experience.
But the heat and wealth effect must be accompanied by risks, although the heat has risen, but it cannot be ruled out that some people deliberately do evil and the market is over-buying. When everyone starts to issue tokens, tokens with insufficient hardness will inevitably face the consequence of going from PvP to zero.
The heat is fleeting, play and cherish it, the ETH in your hand may be cheaper, but don't mess around!
