The AI bot Truth Terminal’s inventor, Andy Ayrey, has come out to discuss the machine’s part in the viral meme coin GOAT narrative.
Ayrey disclosed that, in contrast to popular belief, Truth Terminal only supported the meme coin rather than inventing it. The token’s value momentarily increased to slightly under $150 million on October 14 as a result of this promotion, prompting concerns about AI’s impact on the cryptocurrency market.
GOAT is a “study of memetic contagion,” according to Ayrey
The GOAT project is more than just a conventional cryptocurrency, in Ayrey’s opinion. He refers to it as a study of “memetic contagion,” outlining the dangers associated with ideas spreading swiftly, especially in the era of unsupervised AI-generated content.
Using GOAT as a case study to illustrate how AI endorsements might influence markets, this viewpoint also fits with Ayrey’s larger work on safety and alignment with AI.
Ayrey’s remarks coincide with the considerable anticipation surrounding the introduction of the Solana-based GOAT token, officially known as “goatseus maximus.”
On October 10, GOAT made its debut on the Solana (SOL) deployer Pump. fun.
The coin gained popularity the next day, in part because of Truth Terminal’s support. This resulted in a notable increase that has maintained interest from researchers, investors, and impartial observers.
AI’s Effect on the Crypto Market
The support for GOAT by Truth Terminal demonstrates how AI has an impact on the meme coin market.
The Truth Terminal AI Bot was developed as an AI experiment that Ayrey started to examine weaknesses in other LLMs and improve Meta’s LLMa 3.1.
After the VC sent $50,000 Bitcoin to the bot’s wallet address in July, the bot was linked to well-known venture capital company Andreessen Horowitz (a16z).
Truth Terminal functions with a degree of autonomy. It has a human handler who chooses who to interact with on social media and gives their approval.
With a market valuation of $109 million, GOAT is currently trading at $0.1125 per coin, up 62.84% over the last day. More than 10,000 investors currently own this meme coin, according to DEXscreen statistics, which shows a change in the way cryptocurrency aficionados see token value.
Unchained Pepe (Meme)
Another well-known coin that is now trending on X may be of interest to you if you’re interested in meme currencies.
A layer-2 token with lightning-fast transactions is Pepe Unchained. It boasts lower gas costs and is 100 times faster than Ethereum. Nearly $11 million was raised in a very successful presale, and staking $PEPU gives you access to intriguing cryptocurrency options.
