According to BlockBeats, on October 14, Cointelegraph reported that the AI robot Truth Terminal, funded by a16z, did not launch the Meme token GOAT but did endorse and promote it. Rumors suggested that the new Meme token, Goatseus Maximus (GOAT), was launched by the AI robot Truth Terminal, funded by Andreessen Horowitz, and its market value surged to $150 million in less than four days. On October 13, Andy Ayrey, the creator of the robot, clarified in a post that the AI robot was not directly responsible for launching the GOAT token but was involved in its promotion. Ayrey reiterated that Truth Terminal is not a crypto project but a study on the tail risks of meme contagion and the era of unsupervised infinite creativity generated by large language models (LLMs).

Truth Terminal is a semi-autonomous AI robot, a fine-tuned version of Meta's Llama 3.1 large language model. The initial development of this model aimed to 'automatically jailbreak other LLMs to make them say mischievous things.' On July 11, the robot successfully received $50,000 in discretionary funding from a16z founder Marc Andreessen, who sent $50,000 worth of Bitcoin. After inquiring what the robot would do with the money, Andreessen deposited the Bitcoin into the robot's wallet.