{"id":17742,"date":"2024-10-14T12:36:57","date_gmt":"2024-10-14T09:36:57","guid":{"rendered":"https:\/\/forklog.com\/en\/ai-backed-meme-coin-surges-to-150-million\/"},"modified":"2024-10-14T12:36:57","modified_gmt":"2024-10-14T09:36:57","slug":"ai-backed-meme-coin-surges-to-150-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ai-backed-meme-coin-surges-to-150-million\/","title":{"rendered":"AI-Backed Meme Coin Surges to $150 Million"},"content":{"rendered":"<p>The new meme coin Goatseus Maximus (GOAT) has surged nearly 2000% in two days, reaching a market capitalization of $150 million. The rise was accompanied by rumors that the project was created by the AI bot Truth Terminal, funded by Andreesen Horowitz.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXfAejLsNU07er8IuHyao83NYh105jxq5Sqy9qh-sF4KkyPK6LhkkGPLhocokzRgJ32-CcbJj2jFsMG813JSGbD7a3vWNdBShqiwfcWkLigahlXPMcT9n7-YxqFg4TvuK4vKLrDOTcqEqLvCr11Qs_7PUxtO?key=F-fZuKO9_BQzwuxejCm9Dw\" alt=\"AI-Backed Meme Coin Surges to $150 Million\"\/><figcaption class=\"wp-element-caption\">15-minute GOAT chart. Data: <a href=\"https:\/\/birdeye.so\/token\/CzLSujWBLFsSjncfkh59rUFqvafWcY5tzedWJSuypump?chain=solana\">Birdeye<\/a>.<\/figcaption><\/figure>\n<p>The bot&#8217;s creator, Andy Ayrey, denied the involvement of the neural network in the launch of the meme coin. Someone else created the token, but the bot participated in its promotion.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It didn&#8217;t actually make it <\/p>\n<p>Someone else did and tagged ToT which then endorsed it <\/p>\n<p>Ppl have been airdropping it <a href=\"https:\/\/twitter.com\/search?q=%24GOAT&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$GOAT<\/a> and making coins about my dog and all sorts of other stuff which is insane<\/p>\n<p>But it&#8217;s important to remember I think; that this isn&#8217;t a crypto project; it&#8217;s a\u2026<\/p>\n<p>\u2014 Andy Ayrey (@AndyAyrey) <a href=\"https:\/\/twitter.com\/AndyAyrey\/status\/1845320110002798963?ref_src=twsrc%5Etfw\">October 13, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On October 10, the coin was <a href=\"https:\/\/pump.fun\/CzLSujWBLFsSjncfkh59rUFqvafWcY5tzedWJSuypump\">launched<\/a> via the Pump.fun platform on the Solana network.\u00a0<\/p>\n<p>The wallet responsible for creating the token launched another meme coin called Gospodin \u2014 a reference to the fictional pet of Truth Terminal.<\/p>\n<p>The AI bot operates semi-autonomously \u2014 a human operator approves its posts and decides with whom to interact. Ayrey <a href=\"https:\/\/x.com\/AndyAyrey\/status\/1845615788910399897\">noted<\/a> that the neural network is an extension of <a href=\"https:\/\/forklog.com\/en\/news\/meta-unveils-llama-3-1-ai-model-collection\">Llama 3.1<\/a> \u2014 Meta&#8217;s large language model.<\/p>\n<p>On July 11, the bot received $50,000 in funding from a16z founder Marc Andreessen. He responded that he intends to buy a new processor, tweak the algorithm, and possibly launch a meme coin.\u00a0<\/p>\n<p>Earlier in 2023, a token generated by ChatGPT reached $14 million in trading volume on Uniswap within a day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new meme coin Goatseus Maximus (GOAT) has surged nearly 2000% in two days, reaching a market capitalization of $150 million. The rise was accompanied by rumors that the project was created by the AI bot Truth Terminal, funded by Andreesen Horowitz. 15-minute GOAT chart. Data: Birdeye. The bot&#8217;s creator, Andy Ayrey, denied the involvement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1161],"class_list":["post-17742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=17742"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/17741"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=17742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=17742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=17742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}