The new meme coin Goatseus Maximus (GOAT) has surged nearly 2,000% in two days, reaching a market cap of $150 million. The rise has been accompanied by rumors that the project was created by the Andreesen Horrowitz-funded AI bot Truth Terminal.
Bot creator Andy Airey denied the information about the neural network's involvement in the meme coin launch. Someone else created the token, but the bot took part in its promotion.
On October 10, the coin was launched through the Pump_fun platform on the Solana network.
The wallet responsible for creating the token has launched another meme coin called Gospodin, a reference to the fictional pet of Truth Terminal.
The AI bot operates semi-autonomously — a human operator approves its posts and decides who to interact with. Airey noted that the neural network is an add-on to Llama 3.1, a large language model of Meta.
On July 11, the bot received $50,000 in funding from a16z founder Marc Andreessen, who responded that he intended to buy a new processor, tweak the algorithm, and possibly launch a meme coin.
Let us recall that in 2023, the ChatGPT generated token gained $14 million in trading volumes on Uniswap in one day.#IntroToCopytrading
