The market value of AI Meme Coin Shoggoth rose by more than 90% in a short period of time to over 17 million US dollars, but now fell back to 14 million US dollars

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According to Foresight News and GMGN market data, the AI meme coin Shoggoth's market value briefly exceeded $17 million, possibly influenced by Musk's retweet, with a surge of over 90% in the past hour, now falling back to $14 million.

Shoggoth is a unique octopus-style meme that the New York Times once called the "most important meme in artificial intelligence". Musk retweeted a tweet from @AISafetyMemes about AI safety concerns in the OpenAI o3 model approximately 1 hour ago.

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