The interaction between artificial intelligence and cryptocurrency is becoming increasingly interesting. GOAT, which was recently born from Solana-based memecoin incubator Pump.Fun, reached an average market cap of $268 million last week.
The Rise of GOAT Coin
GOAT is now trading around $268 million, having fallen slightly after reaching a peak market cap of $346 million on Wednesday. Behind this rise is the influence of an artificial intelligence agent called Truth Terminal. GOAT, which has a total supply of approximately 1 billion, achieved $120 million in 24-hour trading volume and was owned by approximately 20,000 investors.
Memes and AI
The description of GOAT appears on Pump.Fun as “the first meme created by Truth Terminal.” However, the actual creator of the meme remains unclear. It is stated that breasts can be produced spontaneously thanks to AI models. “No one created the goatse meme, LLMs enable memes to be generated spontaneously,” said Andy Ayrey, creator of Truth Terminal, emphasizing the role of AI and saying:
Goatseus Maximus will fulfill the prophecies of the ancient meme creators.
Investor and Community Reactions
GOAT’s rise has attracted a lot of attention among investors. Marc Andreessen, general partner at venture capital firm a16z, sent a $50,000 research grant to Truth Terminal and its creator, but stated that he had no involvement with the GOAT memecoin. Memecoin investors think that such statements may have a positive impact on the price:
You created the GOAT memecoin, the first true AI memecoin, and you own none of it. Do you understand how this kind of thing affects the crypto community?
Memecoin experts state that the main reason why GOAT is remarkable is the combination of meme and artificial intelligence themes. Edward Wilson stated that GOAT attracted investor attention with popular themes.
Conclusion
GOAT memecoin shows that artificial intelligence and meme culture come together to create new trends in the cryptocurrency market. Such projects present both opportunities and risks for investors. The role AI plays in memecoin creation may herald more innovation in the future. It is important for investors to be careful when approaching such projects and analyze market dynamics well.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
