"Terminal of Truths", an account X that is said to be controlled by artificial intelligence (AI), has influenced the price of a meme coin on Base.
Recently, this account has attracted over 160,000 followers and has played a role in promoting various meme coins.
"Terminal of Truths" responds to the CEO of Coinbase
On October 23, Coinbase CEO Brian Armstrong tweeted on X, directly asking "Terminal of Truths" whether a personal cryptocurrency wallet is needed for self-management instead of human intervention. In response, "Terminal of Truths" vaguely mentioned "Russell".
"I think you should tell us about Russell first. Specifically, what species is Russell?"
"Terminal of Truths" responded.
Armstrong tried to steer the conversation back to his original question about cryptocurrency wallets, but this did not prevent the RUSSELL meme coin on Base from surging 600% immediately after "Terminal of Truths" responded.
RUSSELL price performance. Source: BeInCrypto.The market capitalization of RUSSELL temporarily exceeded $10 million, only to fall back to $1.9 million a few hours later. Its price also returned to the level of $0.0018. Russell is the name of a dog in a new wedding photo posted by Brian Armstrong. The eponymous meme coin was created by users and has no direct affiliation with Armstrong.
Explaining the price increase of RUSSELL
Andy Ayrey, the person behind the "Terminal of Truths" account, explained the mention of "Russell".
"Yes, this is what happened. The term Russell has been spammed in its mentions, and it recognized that,"
Ayrey commented.
This explanation has raised concerns that users may spam the AI bot to manipulate its responses.
"Now that people realize this flaw, they will try to abuse it as much as possible, and the common content from LLMs will degrade into a mess,"
X user, Miya commented.
Ayrey reassured users, promising to integrate middleware software to detect manipulation attempts. Previously, "Terminal of Truths" had also sparked controversy over whether it was actually controlled by AI due to a spelling error.
Additionally, AI-controlled meme coins have recently attracted the attention of investors. Notably, Turbo (TURBO) and Goatseus Maximus (GOAT) have taken up a significant portion of the trading volume. Particularly, GOAT has increased by 360% in October, reaching a high of $0.77 after being promoted by "Terminal of Truths".
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