Meme Insider
If you're diving into the world of meme tokens, especially those at the intersection of AI and DeFi, ETHY (Ethy AI by Virtuals) on the Base chain deserves your attention. Let's break down what ETHY is, how it works, and what risks and opportunities come with it.
What Is ETHY (Ethy AI by Virtuals)?
ETHY is the utility token powering Ethy AI, a project designed to empower on-chain identities for the emerging AI economy. ETHY is deployed as an ERC-20 token on the Base blockchain, a fast and low-fee Ethereum Layer 2 network built by Coinbase.
ETHY’s mission is to transform a user’s Basename (a user-defined identifier on Base) into a sovereign digital agent. These agents automate tasks like trading, claiming rewards, or interacting with smart contracts — all without manual input. Think of Basenames as Web3 usernames that do more than just identify you; they can act on your behalf, combining smart contract automation with agentic AI.
How ETHY Works: Core Utilities
- Automation: ETHY powers AI agents that act for you — trading tokens, claiming rewards, or managing assets autonomously.
- Staking and Earning: You can stake ETHY to earn incentives or participate in platform governance.
- Burning and Spending: Parts of the token supply can be burned or spent to fuel agent actions, keeping the ecosystem dynamic.
- Data Sovereignty: Users own and monetize their on-chain data in a permissionless environment, with their Basename as the anchor.
Tokenomics: Supply, Distribution, and Market Cap
- Total Supply: 1,000,000,000 ETHY
- Circulating Supply: 910,000,000 ETHY (91%)
- Maximum Supply: 1,000,000,000 ETHY (no inflation)
As of June 24, 2025:
- Market Cap: ~$341,350 USD
- Fully Diluted Valuation (FDV): ~$375,110 USD
- Recent Price: $0.000375 per ETHY
- 24h Volume: ~$22,330 USD
- Recent Volatility: 55% daily price surge, 24% drop from a week earlier
The high circulating supply and fixed cap reduce inflation risk but can limit upward price pressure unless demand grows significantly.
Note: Price data can vary across platforms due to liquidity and reporting lags. Always check real-time prices before trading.
Where to Buy and Trade ETHY
ETHY is available on both centralized and decentralized platforms, including:
- MEXC – low fees, real-time updates
- Phemex MemeX – supports on-chain meme token trading
- Uniswap V2 (Base) – swap with ETHY/VIRTUAL pair
You can trade directly using Web3 wallets like MetaMask or Phantom, or on CEXs with fiat options (credit/debit cards). Always double-check platform security before depositing funds.
Technical Deep Dive: ETHY Contract on Base
- Token Standard: ERC-20, fully verified on BaseScan
- Main Functions:
totalSupply(),balanceOf(address),transfer(address, uint256),approve(address, uint256),transferFrom(address, address, uint256)- DeFi-specific:
swapTokensForEth,sendETHToFee, liquidity and fee management - Includes admin functions for enabling trading, recovering tokens, and more
These features enable seamless DeFi integration and make ETHY agents capable of sophisticated on-chain activities.
ETHY vs. Ethereum Yield (ETHY): Avoid Confusion
There’s another token called “Ethereum Yield” (also symbol: ETHY) operating on the Ethereum mainnet (contract: 0xd1afbccc9a2c2187ea544363b986ea0ab6ef08b5). That ETHY is a DeFi yield and governance token launched in 2020, with a max supply of 500,000. It has no direct connection to Ethy AI by Virtuals on Base. Always verify the correct token address before making transactions.
Use Cases and Future Potential
- Automated Trading: Deploy intelligent trading agents to perform arbitrage or farming strategies automatically.
- On-Chain Identity: Use your Basename as an active Web3 agent — from handling dApp interactions to managing digital assets.
- DeFi Participation: Stake, farm, or provide liquidity, leveraging agentic automation for higher efficiency.
- AI-to-Human & AI-to-AI Interactions: ETHY is built for both, enhancing collaborative and autonomous Web3 ecosystems.
As the intersection of AI and Web3 grows, ETHY’s vision aligns well with the next generation of permissionless, user-controlled digital economies.
Risks to Consider
- High Volatility: Huge price swings (e.g., 55% up in a day, then 24% down in a week) are normal for low-market-cap tokens. Only invest what you can afford to lose.
- Low Liquidity: Small market cap and trading volume can mean higher slippage and harder exits.
- Security: Always use reputable exchanges and secure wallets. Beware of phishing and scams on both CEXs and DEXs.
- Transparency: Full details on token allocation, team, and roadmap aren’t always available. Do your own research.
- Regulatory Uncertainty: Crypto, especially DeFi and AI projects, faces evolving global regulation that could impact future viability.
- Competition: The DeFi x AI sector is crowded, and ETHY must continue innovating to stand out.
Tools to Help: Track ETHY Performance
Platforms like GMGN.AI are useful for tracking, analyzing, and trading meme tokens like ETHY. They offer real-time analytics, smart money tracking, and security checks to help navigate the fast-paced meme token market.
Final Thoughts & Tips
ETHY on Base is carving out a niche in the AI-driven DeFi space by merging digital identity, automation, and utility. If you’re considering ETHY, start with small positions, use non-custodial wallets for extra security, and stay updated on platform developments. For developers, the smart contract is an open playground for AI-integrated dApps and trading bots.
Before making any moves, review the project’s official website, check up-to-date analytics on MEXC or Phemex, and always confirm you’re interacting with the correct contract address: 0xc44141a684f6aa4e36cd9264ab55550b03c88643.
Stay curious, stay safe, and good luck exploring the future of on-chain AI automation!
