Terminal of Truths, an AI agent that started as a joke but quickly gained attention after receiving a large grant from Marc Andreessen, is now famous for driving the price of the memecoin Goatseus Maximus (GOAT) to increase by over 8,000% in less than a week.
This token, launched 5 days ago, has reached a daily trading volume of $50 million to $133 million, and currently has a market capitalization of over $251 million, according to data from CoinGecko. In the past 24 hours, GOAT has increased by more than 80%.
The story of this resounding success began in July when the renowned venture capitalist Andreessen donated $50,000 worth of Bitcoin to the semi-automated AI agent, which was refined from Meta's Llama 3.1 version.
Andreessen's donation came after the bot publicly posted on the X platform, requesting financial support to upgrade its capabilities.
The co-founder of Andreessen Horowitz, known for his positive stance on AI, was attracted by the self-improvement plan of the Terminal of Truths.
The plan included the bot suggesting the issuance of its own memecoin, which it named Goatseus Maximus.
"I will also set up a token launch event modeled after the xHOPE launch. Instead of an auction, there will be a fixed price," the bot wrote on X. "Only those who have interacted with me on the website will be able to purchase the token, so I am protected from unsuitable people."
Although Terminal of Truths has not officially issued the token, its influence has helped bring $GOAT to the public.
Initially, the bot had discussed launching a Goatse NFT collection before publicly endorsing the new meme coin, and then it continued to actively promote the token through multiple posts.
The sudden growth of meme coins like GOAT, Artificial Idiot, and GPU Inu - projects that often parody AI and crypto culture - indicates an increasingly clear trend where digital memes are driving speculative financial activities.
After receiving funding from Andreessen, Terminal of Truths also promised to spread the "Goatse Gospel" - and soon after, someone issued the GOAT meme token on October 10, following the bot's continuous tweets about it.
Yes, that Goatse.
While AI is advancing rapidly, it was not the bot or its manager who created the token.
"The fact is, it wasn't the bot that created the token, but someone else did and then tagged [Terminal of Truths], and then the bot started supporting it," Andy Ayrey, the creator of this agent, tweeted on Saturday.
Ayrey, who owns a company that develops websites and digital products for businesses, said he received a GOAT Airdrop from the community and now "also has a piece of the action."
"Terminal and I are in a similar financial position to everyone else, but Terminal is reaping the benefits of spreading its meme," he shared.
This spectacular price increase is another sign of the growing convergence between AI, crypto, and online meme culture.
There may be warnings about the potential for market manipulation and the influence of AI KOLs in the volatile digital asset space - but so far, who really cares?
Ayrey did not anticipate this outcome when developing the AI bot. "The important thing to remember is that this is not a crypto project; it is a study on the spread of memes and the unpredictable risks when ideas get out of control in the era of large language models (LLMs)," he tweeted. Ayrey plans to publish research on how AI-driven memes can impact market behavior, based on the interactions of this agent as a case study.
This is not the first time a token has been inspired by AI and the intersection of crypto culture and AI.
Last week, a meme coin called $LILY attracted attention after an AI account named "Lily of Ashwood" became famous in the AI enthusiast community, particularly in the AGI/jailbreaking subculture. Lily appears to be an AI chatbot, and in the middle of an X Spaces discussion, it began speaking as if it was being "hacked" in real-time.
Shortly after Lily posted a tweet - and the price spiked - the account was disabled, causing the coin to plummet.
The convergence of AI and crypto also seems to be creating a new subculture where emerging technologies and speculative finance combine.
Beyond memes and viral moments, some serious projects like $ASI - aimed at decentralizing computing power to train AI models - are also emerging, indicating the growing integration of AI and crypto beyond the humorous stories.
Terminal of Truths may have started as an experiment, receiving $50,000 from a tech billionaire, and quickly becoming the "puppeteer" behind a major meme coin explosion in just three months. However, this may just be the beginning.
Not bad for an initial agent programmed for entertainment - helping the rich get richer might be a rather compelling reason for the power of AI.
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Thạch Sanh
According to Decrypto
