a16z-funded Truth Terminal did not launch the meme coin GOAT, but participated in its promotion
Meme currency Goatseus Maximus (GOAT) reached a market capitalization of $150 million in less than four days (currently falling to $133 million). There were rumors that it was launched by the AI robot "Truth Terminal" funded by a16z.
Its creator, Andy Ayrey, stated in a post on October 13 that the robot was not directly responsible for launching the GOAT token, but was involved in promoting it.
Ayrey reiterated that Truth Terminal is not a cryptocurrency project, but rather "focuses on researching the meme contagion phenomenon and the tail risks generated by the era of large language models without supervision and unlimited creativity."
"The takeoff of this Meme currency proves the argument of the artificial intelligence calibration and security company I am building. This is my main source of getting game skins - I also bought some GOAT and received airdrops," Ayrey added. (Cointelegraph)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MARA's stock jumps after raising $1 billion via convertible notes to buy more bitcoin
MARA Holdings announced the successful closing of its $1 billion offering of 0% convertible senior notes due 2030.The bitcoin miner plans to allocate around $199 million of the proceeds to repurchase $212 million in principal of its existing convertible notes due 2026. The remaining funds will be used to acquire more bitcoin.
Gold loses luster as institutional demand fuels bitcoin price surge, analysts say
Bitcoin’s 46% surge over the past month, contrasted with gold’s 3% decline, highlights a shifting investor preference toward alternative store-of-value assets, analysts say.Derivatives traders are buying up bitcoin call options ahead of Trump’s inauguration, signaling strong bullish sentiment for the beginning of 2024.
SEC is 'engaging' Solana ETF applicants: report
SEC “engaging” on Solana ETF applications, sparking optimism for potential approval in 2025.VanEck, 21Shares, and Bitwise lead Solana ETF filings amid pro-crypto White House hopes.SOL token rises 4.6% to $247.91, bolstered by Solana’s strong DeFi ecosystem and demand.
Shiba Inu Developer Says SHIB Is No Longer a Memcoin
Trending news
MoreCrypto prices
More
