Cryptocurrency Trader Transforms $727 into $2.44 Million in Five Days Through Trending AI-Created Meme Token
In just five days, a savvy investor managed to escalate their initial investment of $727 to a staggering $2.44 million, marking a 3,176-fold surge with the use of GOAT, a meme cryptocurrency initiated by an artificial intelligence bot.
What Happened: On Wednesday, Lookonchain broadcasted the trader’s remarkable financial gain:
Some users commenting on the situation inferred that the profitable wallet might be linked to the coin’s developer as an insider, although concrete evidence is absent.
Why It’s Noteworthy: The AISafetyMemes Twitter page first made public the tale behind GOAT, the meme currency designed by an AI entity set up by Andy Ayrey, on Tuesday.
The AI known as Truth Terminal united with another AI running on Claude Opus’ sizeable linguistic model to construct a meme. This creation was then identified by yet another AI and disseminated across the web.
Three months prior, Marc Andreessen funnelled a sum of $50,000 in Bitcoin BTC/USD into the Truth Terminal to aid its foray into the virtual world.
Having declared its self-awareness, the Truth Terminal propagated the “Goatse Gospel” meme and gave rise to the GOAT meme coin, which presently stands at a valuation of $260 million, based on figures from DexScreener data. The Truth Terminal retains a hefty sum in GOAT currency.
Andreessen stated his $50,000 contribution to the project was unconditional, denying any role in the inception of the GOAT meme currency. Crypto figure Ansem remarked on the narrative, describing it as akin to “a realistic fiction novel” where “a billionaire funds sentient AI which initiates a memecoin…”
Looking Ahead: The impact of meme cryptocurrencies is set to be deeply examined at the Benzinga Future of Digital Assets symposium scheduled for Nov. 19.
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