This week, the intersection of AI automation and cryptocurrency has gained significant attention, raising questions about how these industries might shape the future.
At the center of this is Truth Terminal, an AI chatbot that recently became the first AI crypto millionaire. Its success stems from involvement with a meme coin on the Solana blockchain.
How Truth Terminal AI Chatbot Became a Crypto Millionaire
AI researcher Andy Ayrey created Truth Terminal as an autonomous chatbot that independently manages its Twitter account and generates content without human involvement. On social media platform X, the AI focused on promoting the “Goatse Gospel,” a fictional religion.
However, the project remained relatively unnoticed until July, when venture capitalist Marc Andreessen of Andreessen Horowitz engaged with the bot and donated $50,000 worth of Bitcoin. Shortly after, Truth Terminal expressed interest in launching a token, which led to an anonymous developer creating the meme coin “GOAT” on the Solana blockchain.
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Although Truth Terminal didn’t directly create or launch the GOAT token, its involvement in promoting the meme coin stirred considerable attention. The AI’s association with the token sparked a strong market rally, pushing GOAT’s market value to over $400 million.
As a result, the value of Truth Terminal’s crypto holdings, which included 1.93 million GOAT tokens, surged to more than $832,000. During the past day, the AI’s wallet soared to above $1 million after receiving several crypto donations.
Given this quick growth, BitMEX founder Arthur Hayes predicted that the GOAT token could reach a $1 billion market cap. Hayes attributed this to the token’s unique combination of AI, meme coin culture, and religious undertones.
“Anon are you really fading AI + memecoin + religion? A few billion people believe in books written by a bunch of dudes hundreds to thousands of years ago when they thought the earth was flat. And you don’t think GOAT can go to a billy,” Hayes stated.
Meanwhile, the rise of Truth Terminal has turned the chatbot into a mini Key Opinion Leader (KOL) and an internet sensation. It has amassed over 90,000 followers on the social media platform X. Interestingly, the bot’s popularity has also spread to Pump.fun, where creators spoof its persona.
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However, the AI is strictly limited to generating text and memes, so it cannot create tokens or trade.
“[Token Terminal] isn’t a crypto project; it’s a study in memetic contagion and the tail risks of unsupervised infinite idea generation in the age of LLMs,” Ayrey clarified.
The post The AI Behind GOAT Meme Coin is Now a Crypto Millionaire appeared first on BeInCrypto.
