Shoggoth Project Introduction

Shoggoth was originally a fictional creature created by H.P. Lovecraft in the Cthulhu Mythos. They are amorphous, shapeshifting beings created by the ancient extraterrestrial beings, initially used as laborers to build cities. Over time, Shoggoths gradually gained self-awareness and eventually rebelled against their creators. This rebellion is often interpreted as a metaphor for the potential risks associated with artificial intelligence, as AI, designed by humans for productive purposes, may develop self-awareness or indifference towards humanity.

The Shoggoth meme originated from Twitter user TetraspaceWest, symbolizing the “unknowable” and “alien” intelligence of these AI models, and the extent to which they have been trained to interact with humans. The meme has sparked widespread discussion in both the Chinese and English communities, seen as capturing the fundamental strangeness of the artificial intelligence era. The New York Times once rated it as one of the most representative AI memes.

Shoggoth project meme image (image source:https://x.com/Shoggoth_SOL)

Project link:

Official website entrance:https://x.com/Shoggoth_SOL

X (Twitter):https://x.com/Shoggoth_SOL

Medium:https://medium.com/shoggothcoin/the-story-of-shoggoth-ca760ef288ff

Telegram:https://t.me/shoggothcoin

Dexscreener:https://dexscreener.com/solana/H2c31USxu35MDkBr

Solscan:https://solscan.io/token/H2c31USxu35MDkBrGph8pUDUnmzo2e4Rf4hnvL2Upump

Trading Entrance:https://www.gate.io/zh/pilot/solana/shoggoth-shoggoth

Shoggoth market positioning

The term ‘Shoggoth’ is used to describe the unpredictability of large language models (LLMs) and other AI systems. Therefore, its main audience is AI researchers and practitioners, especially professionals focusing on AI security and ethics. It is used to reveal the powerful yet difficult-to-control nature of these AI systems, emphasizing the importance of preventing their potential unpredictability. It also reflects the complex emotions of AI practitioners towards their creations: feeling excited about their powerful capabilities while deeply concerned about their unpredictable behavior and potential risks.

Musk once hinted with the Shoggoth image that AI is friendly on the surface but unpredictable internally (Image source:https://medium.com/shoggothcoin/the-story-of-shoggoth-ca760ef288ff)

Shoggoth Token Information

Token Name: Shoggoth (Shoggoth)

Release Date: October 16, 2024

Total supply: 1,000,000,000 billion coins

Token type: SPL

Contract Address: H2c31USxu35MDkBrGph8pUDUnmzo2e4Rf4hnvL2Upump

$Shoggoth On-chain Information (Image Source: https://solscan.io/token/H2c31USxu)

$Shoggoth market performance

Over the past two weeks, the overall trend of $Shoggoth price has been downward, with the token price falling from a high point above 0.01 to around 0.005, nearly halving, and there has been no significant volume signal to halt the decline during the process, indicating a cautious market sentiment. Without substantial positive news or strong external capital intervention, the price may continue to remain low or exhibit a volatile pattern.

As of the time of writing on February 24th, the latest price of Baby Doge is $0.0052, with a fully circulating market value of $5.231 million. If the market sentiment improves in the future or positive news emerges, it is expected to trigger a technical rebound. Investors are advised to pay attention to the potential resistance levels in the range of $0.006 to $0.007, as well as the ecological progress of Shoggoth, community enthusiasm, and the overall liquidity of the cryptocurrency market, in order to evaluate the token’s medium to long-term investment value.

Trade will start soon: https://www.gate.io/en/pilot/solana/shoggoth-shoggoth

02/10 - 02/24 period $SHOGGOTH trend (Chart source:https://dexscreener.com/solana/H2c31USxu)

$Shoggoth Risk Warning

The rise of Shoggoth Coin fully demonstrates the speculative and short-lived popularity of the combination of meme culture and AI narrative in the crypto market. However, its rapid price drop has exposed doubts about the long-term value of the project in the market, coupled with the lack of a real application scenario and ecological support, making it difficult for the project to escape the risk of ‘speculation at its peak’. Although the image of Shoggoth has attracted some attention based on Cthulhu culture and AI topics, the lack of practical landing capabilities and stable market demand may ultimately result in a short-lived market frenzy.

Conclusion

Shoggoth Coin relies on meme culture and AI narrative to quickly gain popularity, but the sustainability of market heat still needs to be observed. In the future, if Shoggoth Coin wants to break away from purely meme attributes, it needs to build a more practical ecosystem, enhance the value support of the token, otherwise it may be eliminated in the cycle of the market. At the same time, with the continuous development of AI narrative, the market may usher in more speculative projects similar to it. Investors need to remain rational, beware of the short-term bubble brought by the meme frenzy, and focus on those encrypted assets that truly have technological innovation and sustainable growth potential.