Quick trade on the next AI-agent play - Spectral

Pretty simple thesis but it’s kind of a quick trade (I’ll keep it short)

• ◆Sishir & Team had been building Spectral for a while that used to be this Credit Score / On-chain identity business. Well backed - https://techcrunch.com/2022/08/24/spectral-raises-23m-to-help-create-web3-credit-scores/
• ◆The company pivoted in the past year or so going all-in AI agents: https://blocktelegraph.io/inside-spectral-labs-onchain-ai-agents/
• ◆The business is a lil big atm but investors’ vesting won’t happen until May next year (I know because I personally invested in the round back in the days, think it was 70 mm USD or something I don’t recall. Small personal check).
• ◆They hinted at the upcoming product launch: https://x.com/Spectral_Labs/status/1851656907531936121
• ◆… and the company had been doing outreach to managers to basically walk through the story — would recommend reaching out and hearing the pitch (think it’s public knowledge). In a couple weeks they are basically going to launch a pump.fun for AI agents that (a) trades memecoins automatically, (b) will have token-gated communities where (c) folks who own tokens will be able to influence what the bot trades — depending on how much token they own.
• ◆I don’t think the launched memecoin will have anything to do w/ the trading performance, nor would there be (I think) any linkage between the fund book value and the memecoin itself (but tx fees on trading the memecoin will go towards the fund and increasing the NAV). Think the mechanism is still being designed.
• ◆…but this is cool because the market now has a new shiny toy of AI agent to play with after VIRTUAL / GOAT etc. If they come out fast enough w/ some gigapump stuff it’s gonna capture meaningful mindshare.
• ◆The mechanism I think dictates that SPEC will be used (similar to VIRTUAL’s case) to act as a sink when these bots are created + base-pair currency. Artificially locking up tokens to drive supply / demand imbalance.

The project is already at 1 Bn though (and unclear on ecosystem vesting / other token to be dumped higher up). But think worth flagging given the imminent catalyst (and token hasn’t really pumped yet)