An AI bot created for a meme experiment accidentally launched a new memecoin, GOAT, to the moon! The bot, Truth Terminal, made by a VC firm with Meta’s help, promoted GOAT, sending its market cap from $5k to a staggering $150M in just 72 hours.
Is this the future of memecoins?
While the creators claim innocence (they just wanted to see memes spread!), this event highlights the power (and potential dangers) of AI in the wild crypto market.
What’s next?
Will AI become the new memecoin whisperer? Or is this just a hilarious fluke?
Only time will tell, but one thing’s for sure: the crypto world just got a whole lot weirder.
October 2024, Cryptoniteuae
📧 The Gulf reads Cryptonite first
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