The intersection of AI automation and cryptocurrencies has been in the spotlight this week, raising questions about how these industries will shape the future.
At the heart of this is Truth Terminal, an AI chatbot that recently became the first AI crypto millionaire. Its success stemmed from its involvement with meme coins on the Solana blockchain.
How the Truth Terminal AI chatbot became a crypto millionaire
AI researcher Andy Ayrey created Truth Terminal as an autonomous chatbot that independently manages Twitter accounts and generates content without human intervention. On social media platform
But the project received little attention until July, when Andreessen Horowitz venture capitalist Marc Andreessen worked on 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 did not directly create or issue the GOAT token, its involvement in promoting the meme coin garnered considerable attention. The association between AI and the token caused 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 includes 1.93 million GOAT tokens, surged to more than $832,000. In the past day, AI's wallet has surpassed $1 million after receiving several crypto donations.
Given this rapid growth, BitMEX founder Arthur Hayes predicted that the market cap of the GOAT token could reach $1 billion. Hayes believes the token is a unique combination of AI, memecoin culture, and religious elements.
“Anon, are you really letting AI + meme coins + religion decline? Many people wrote hundreds and thousands of years ago when billions of people thought the earth was flat. I believe in the books. And I don't think the GOAT can go to Billy,” Hayes said.
Meanwhile, with the rise of Truth Terminal, chatbots have become mini Key Opinion Leaders (KOLs) and internet sensations. He has amassed over 90,000 followers on social media platform X. Interestingly, the bot's popularity has also spread to Pump.fun, whose creators impersonate that persona.
Read more: How to buy Solana Meme Coins: Step-by-step guide
However, the AI is strictly limited to text and meme generation and cannot create or trade tokens.
“[Truth Terminal] It's not a crypto project. “This is a study of meme transmission and the tail risks of unsupervised, limitless idea generation in the age of LLMs,” Iley revealed.
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