Originally published on: October 14, 2024
A sensational new memecoin named Goatseus Maximus (GOAT) skyrocketed to a staggering $150 million market cap in less than four days, driven by rumors linking it to an artificial intelligence bot known as “Truth Terminal,” allegedly funded by Andreesen Horowitz.
While the AI bot did not directly create the GOAT token, it played a crucial role in promoting the memecoin, according to its creator Andy Ayrey in an exclusive interview on Oct. 13.
Ayrey clarified that Truth Terminal is not a crypto project but rather a study in memetic contagion, exploring the risks of idea generation in the era of large language models.
As the memecoin GOAT continues to gain momentum, its market capitalization currently stands at $122 million, slightly down from its peak of $150 million on Oct. 14.
The rapid rise of GOAT from $5,000 to over $150 million within 72 hours has stunned the crypto community, with the memecoin being launched on the popular Solana memecoin deployer pump.fun on Oct. 10.
Furthermore, Ayrey’s AI bot has grabbed attention for its unique capabilities, with its human handler overseeing its interactions and X posts. The bot’s association with a16z founder Marc Andreessen, who provided $50,000 in funding, has added to its allure and mystique.
With speculators and enthusiasts flooding into the GOAT token, many believe that its unconventional approach could set a new standard for memecoins in the near future.
Influential X user Maison Ghost, with a substantial following, highlighted the bot’s close ties to a16z and its ability to craft engaging “shitposts,” predicting a potential rally in the token’s value.
The GOAT memecoin saga underscores the evolving landscape of AI, memetic contagion, and the dynamic world of cryptocurrencies. Stay tuned for more updates on this captivating story.
