$MTK: The AI-Created Meme Token That Wasn't Meant to Exist
Note: this is a retroactive add to match X publication on (12/29/2024)
Quick Glance | New Token | MTK ($2.8M FDV) @mtkcow
Net/net:
MyToken ($MTK), launched 3 days ago, is the first meme launched by an autonomous agent on $ai16z, the most popular framework in web3. While holders (<2k) and volume (<$6m/24h) remain on the low side, asymmetric opportunity is present should those metrics accelerate. Notable comps are split two ways; 1/ First, or early memes on newer chains which include $BRETT on Base ($1b), $PURR on Hyperliquid ($217m), $PIP on Hyperliquid ($32m) and; 2/ First agent AI tokens including $FARTCOIN by @TruthTerminal ($800m) or $ZEREBRO by @zerebro ($440m).
What is the project about? | A Test token that wasn't suppose to be public.
The $MTK token is an experimental creation initially developed as a test token using the $AI16z GitHub "pumpfun" code. It was created to verify the functionality of an autonomous token-launching process driven by AI agents.
The token's origin narrative has garnered community attention due to its unique and playful "memeable cow" theme, positioning it as a cultural artifact within the $AI16z ecosystem. Although initially intended as a sandbox experiment, $MTK's unexpected public exposure led to it gaining a market cap and community engagement.
This project demonstrates how AI agents can autonomously create and deploy blockchain assets, offering insights into decentralized automation in tokenomics. Interestingly, this token was never supposed to be revealed to public and the $AI16Z's lead contributor forgot about it until someone posted the CA after looking in the codebase for $MTK. This project is purely experimental and meme driven.
How does the project work? The agent executed instructions to generate a token without human sight.
The $MTK token was minted by an AI agent using the $AI16Z "pumpfun" code. The autonomous agent executed instructions to generate a token and associated metadata directly from Base64-encoded files, which contained, A unique cow logo, Placeholder social media links, and Token details pre-configured for the launch.
The token was deployed without human oversight as part of an automated testing process. Despite being a test token, $MTK’s origin as the first $AI16Z meme token created autonomously holds significance.
What technology does it use? | A code to train an agent to launch a token.
Developed using the $AI16Z GitHub "pumpfun" code, the token's creation process automates minting and metadata generation. The creator of $AI16Z created a code to train an agent to launch a token via instruction of the dev to the agent, “Go mint a token”, and it made $MTK.
The data indicates that the token behaves like a bot, as its creator, since it purchased small amounts of the token for testing purposes, and never sold any tokens, underscoring its experimental nature. The $MTK token's smart contract was designed for testing rather than real-world application.
What is the future? | Historic significance
In the words of $AI16Z's lead contributor, its noted that the dev associated with the experiment has agreed to lead the project. The lead contributor of $AI16Z sees this token as a piece of history that will matter a lot more in the long run.
There's a lack of formal team introductions, whitepapers, or roadmaps, which is consistent with the project's memetics for now. Information comes primarily from social media interactions and posts from the token's page.
References:
CA: HB99pDdRG7mBpzWXkmvDJF3XCaDQ5HBEow5zAj6RadF6
X profile: https://x.com/mtkcow
Telegram: https://t.me/mtkcoww
