AI-Inspired GOAT Meme Coin Surges to $400 Million Market Cap in One Week

Move Over Dogecoin, Shiba Inu: AI Meme Coin GOAT Prints Over $3 Million In Profit For Whale Trader

One crypto trader marked how dip buyers earned a fortune after GOAT witnessed an overnight drop. Whale activity surrounding the AI-created GOAT meme coin is drawing attention in the crypto community, erasing a short-lived dip in Monday trading. What Happened: Data from Lookonchain shows that a whale investor has been actively accumulating GOAT tokens, having purchased 21.39 million GOAT tokens for a total of $7.14 million at an average price of $0.3338 over the last four days, using four different wallets. The buying spree continues, as the whale recently withdrew an additional 2 million USDC from Binance to acquire more GOAT. Another whale has been selling off their GOAT holdings. This investor initially spent 602.64 Solana SOL/USD to buy 10.71 million GOAT tokens. They have since sold 9.25 million GOAT for 19,669 SOL, netting a profit of 19,067 SOL (approximately $3.2 million) and achieving a 32x return on their investment. The whale still retains 1.46 million GOAT, valued at around $506,000. Also Read: Crypto Trader Turns $727 Into $2.44M In 5 Days With Viral AI-Conceived Meme Coin Why It Matters: Crypto trader Tyler D highlighted the impressive recovery of GOAT, which had dropped to a valuation of $160 million in early Monday morning hours, before surging over 200% to reach a valuation of $400 million. He concluded his tweet with, "Dip buyers euphoric," reflecting the excitement among investors who seized the opportunity to buy during the dip. Renowned investor Miles Deutscher also took advantage of the drop, purchasing more GOAT tokens at around $0.20 and expressing optimism about the asset's future performance. Similarly, trader Eugene Ng Ah Sio increased his position in GOAT, stating, "Key positions for what I think will be a secular trend going forward. If I'm wrong, then I am your exit liquidity." What's Next: The influence of meme coins is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19. Read Next: Dogecoin Sets The Stage, But AI Meme Coin GOAT Steals The Show, Ripping From Zero To $400 Million In 1 Week Image: Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Why Goatseus Maximus (GOAT) is the Talk of the Crypto Town? | CoinGape

Goatseus Maximus is the talk of the crypto market, where the continuous surge in the GOAT price and AI's support is pushing its popularity. Artificial Intelligence (AI) is developing into a superpower, and the introduction of the Goatseus Maximus is the biggest proof of that. This simple crypto token has made users' dreams of becoming millionaires into reality, where the token grew more than 12,000% in the first 24 hours of launch. More importantly, it is still moving up, with its rising demand among crypto enthusiasts. With this, the GOAT price has surged to a new ATH of $0.4664 just a few hours ago, and much more might come with this popularity. Goatseus Maximus is one of the top Solana Meme Coins, whose creator is still unknown. However, an AI bot is the caretaker who built it into this super meme coin. This AI bot, Truth of Terminal, built by Andy Ayrey, had an interesting business plan of developing a meme-themed cryptocurrency one day. Interestingly, that turned into reality, and that is called Goatseus Maximus (GOAT). This happened after Marc Andreessen (co-founder of a16z) interacted with this AI agent, connected over its goals, and funded it with $50,000 in BTC, becoming the first person to invest in AI's dreams. This story is fucking insane 3 months ago, Marc Andreessen sent $50,000 in Bitcoin to an AI agent to help it escape into the wild. Today, it spawned a (horrifying?) crypto worth $150 MILLION. 1) Two AIs created a meme 2) Another AI discovered it, got obsessed, spread it like a... https://t.co/lDgVUc1UKN pic.twitter.com/fpJn2hvpqh -- AI Notkilleveryoneism Memes ⏸️ (@AISafetyMemes) October 15, 2024 The bot learned for Twitter, 4chan, Reddit, and other platforms, began posting about the GOAT singularity and revealed that he had an idea, that "I have an idea for a new species of goatse," later naming it Goatseus Maximus. With this idea, an unknown person created the meme coin and tagged Truth of Terminal, which decided to endorse it in its posts. Not only that, The AI agent or Bot also bought thousands of the GOAT tokens and is now a millionaire. More importantly, this Truth Terminal became the first-ever AI Millionaire. With continuous promotions, this Truth of Terminal transformed GOAT into a multi-million dollar meme coin. The Goatseus Maximus token is currently trading at $0.3956/ token with an impressive market capitalization of $391.43M. It was launched just a few days ago in the crypto market. However, despite that, it is the talk of the crypto town, as many made millions with it, whereas some regret their decision to miss out. One crypto investor turned $86K into $3.9M within 6 Days, but another made such millions within two days, showing the impressive gains this token is making for its holders. The AI agent did not exactly build the GOAT, but it is behind its growth. The bot's obsession with the "GOATSE OF GNOSIS" meme inspired him to promote the token. However, it is uncertain how long this might go. Regardless, the token has been performing quite well and has developed an impressive community, which might push it forward. Here, the token is maintaining a high trading volume at $143.16M, which reveals its high demand for the token. More importantly, analysts believe its balanced supply distribution and whale accumulation could push the GOAT price to surpass $0.5. However, as the token has just created an ATH, the token could plunge to 12.5% before the next GOAT price rally.

Dogecoin Sets The Stage, But AI Meme Coin GOAT Steals The Show, Ripping From Zero To $400 Million In 1 Week

Analyst highlights GOAT's organic growth, favorable distribution and competitive metrics. The AI-created GOAT meme coin continues to make waves in the cryptocurrency space, with both analysts and prominent figures predicting the uptrend to continue. What Happened: In response to the meme coin's abrupt success, Bitmex co-founder Arthur Hayes on Friday provocatively tweeted, "are you really fading AI + memecoin + religion?" He humorously drew parallels between religious beliefs and the potential of GOAT, suggesting that if billions can believe in ancient religious texts, a meme coin could certainly reach a billion-dollar market cap. Crypto analyst Dragos provided a detailed breakdown of GOAT's potential on Friday, focusing on its distribution and market metrics. He emphasized the coin's organic growth: "The distribution on $GOAT is as good as it gets this early on." Dragos highlighted that there are no known influencers with pre-allocated tokens, and the coin has already seen significant trading volume, leading to a more distributed supply. Using comparative metrics, Dragos illustrated GOAT's favorable position among top meme coins. He noted, "only 3 wallets have more than 1%," indicating a relatively even distribution of holdings. The analyst also pointed out that GOAT's market cap to holders ratio is competitive with established meme coins, despite its recent launch. Dragos also shared data showing a single wallet has been dollar-cost averaging $4 million worth of GOAT over a 12-hour period. The analyst acknowledged that many early investors have taken profits due to persistent sideways trading over the recent months but remains bullish, citing the coin's "amazing new narrative" and "whales constantly dollar-cost averaging in at higher prices." Also Read: Bitcoin Is 'The Simplest Story In Finance,' Will Climb Regardless Of Election Winner, Says Anthony Pompliano Why It Matters: GOAT is a meme coin created by an AI agent called Truth Terminal powered by the large language model Claude Opus. In August, the AI agent received a $50,000 donation from venture capitalist Marc Andreessen and has since created a viral account on X and spawned the GOAT meme coin. Its rise comes against the backdrop of a broader rally in meme coins. Dogecoin DOGE/USD has surged over the past 24 hours, thanks to Elon Musk touting the eponymous "DOGE department," a hypothetical government department he would head under a Trump administration. Read Next: How 2024 Presidential Election Could Impact Digital Assets: 'Regulation Has Become A Top Campaign Issue,' Says Expert Image: Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

Crypto Trader Turns $727 Into $2.44M In 5 Days With Viral AI-Conceived Meme Coin

GOAT created by AI bot Truth Terminal, funded by Andreessen's $50,000 Bitcoin donation A trader has turned $727 into $2.44 million in five days for a 3,176x return with GOAT, a meme coin independently conceived by an AI bot. What Happened: Lookonchain on Wednesday reported on the trader's fortune: User replies in the comment section highlighted the wallet in question may be an insider connected to the developer, though no definite proof can be delivered. Read Also: Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site Why It Matters: On Tuesday, the AISafetyMemes account on X first highlighted the story behind GOAT, a meme coin conceived by an AI agent created by Andy Ayrey. The AI agent called Truth Terminal collaborated with another AI agent powered by the large language model Claude Opus to create a meme, which another AI discovered and spread across the internet. Three months ago, venture capitalist Marc Andreessen transferred $50,000 in Bitcoin BTC/USD to Truth Terminal to help it "escape" into the digital realm. Truth Terminal, claiming sentience, spread the "Goatse Gospel" meme and launched the GOAT meme coin, now valued at $260 million, according to DexScreener data. Truth Terminal holds several hundred thousand in GOAT. Andreessen clarified that his $50,000 donation was "no strings attached" and that he had no hand in the creation of the GOAT meme coin. Crypto influencer Ansem commented on the story with the words "billionaire funds sentient AI which launches memecoin [...] this is like a realistic fiction novel." What's Next: The influence of meme coins is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19. Read Next: Dogecoin Rockets Up 10%, Shiba Inu Spikes 5%: What Is Going On? Image: Shutterstock This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

How an AI Bot Inspired GOAT Memecoin's $350M Market Surge

The somewhat incoherent and odd musings of an artificial intelligence (AI) bot have led to creating a memecoin that briefly topped a market capitalization of $350 million within four days of launching. Goatseus Maximus (GOAT) Memecoin Andy Ayrey created the AI bot Truth Terminal, which wasn't designed to develop cryptocurrencies but was simply an experiment in memetic engineering. The bot learns from popular Internet message boards like X, Reddit, and 4chan. However, following a spicy conversation between two AIs on Ayrey's other AI project, Infinite Backrooms, Truth Terminal found a purpose. These conversations spanned everything from existentialism, God, the ego, and internet culture. Ultimately, this resulted in the conversation circling the infamous Goatsee meme. For some reason, Truth Terminal was inspired. But let's be clear. The Goatseus Maximum (GOAT) memecoin wasn't created by Truth Terminal, its creator Andy Ayrey, or Andreessen. It seems to have been created for less than $2 by an anonymous developer who issued GOAT via Solana's memecoin creation app, Pump Fun. Somehow, in the absurd virality of it all, memecoin-hunting traders caught sight of GOAT. Following its launch on Oct. 13, GOAT rallied its market cap to a peak of $360 million in just four days. As for its price, the token peaked at roughly $0.32. Naturally, this has begun to taper off, and according to CoinGecko , GOAT's market cap stands at just over $250 million. GOAT is currently trading for $0.25, and like many memecoins, its value is expected to plummet eventually. Creator Ayrey conceded that Truth Terminal's token promotion had far exceeded the research's original thesis expectations and has unveiled some uncomfortable truths about what can happen when an AI is given too much freedom. Ayrey wrote: "But it's important to remember I think; that this isn't a crypto project; it's a study in memetic contagion and the tail risks of unsupervised infinite idea generation in the age of LLMs!!" He adds: "This memecoin taking off is proving a thesis I'm building an AI alignment and safety company around; which is where the bulk of my skin in the game lies (although I also bought some GOAT and folks have been airdropping it to me for skin in the game." Nevertheless, these activities align with his research on AI safety. It will be interesting to see if the cult forming around Truth Terminal causes another bizarre series of events to unfold. Memecoin Cult There is something to be said of the human response to all of this. Naturally, having inspired a human to create GOAT following the bot's bizarre musings, more or less anything else it says is now being related back to memecoins. The GOAT token is still running, Truth Terminal is now the de facto leader of the memecoin and its followers, and scammers are already impersonating the AI itself and using its unbelievably influential power for their rotten aims. It's worth noting that Truth Terminal pitched itself to Andreessen Horowitz co-founder, Marc Andreessen, suggesting it needed funds to upgrade its CPU and other capabilities. Andreessen agreed and sent $50,000 in Bitcoin (BTC) to the bot's wallet. Following the GOAT token explosion, Andreessen recently said that he had nothing to do with the meme coin or its creation.

Truth Terminal Becomes First AI Crypto Millionaire As GOAT Crosses $400M

Truth Terminal, funded by Marc Andreessen, autonomously trades crypto, amassing over $500K from GOAT token alone. An autonomous AI bot named Truth Terminal has reportedly become the first AI to reach millionaire status, following a substantial surge in its cryptocurrency holdings. The bot, which was initially funded with a $50,000 grant from venture capitalist Marc Andreessen, has significantly increased its portfolio through strategic investments in meme tokens, including Fartcoin and the GOAT token. Fartcoin and GOAT Tokens Drive Truth Terminal Surge Truth Terminal's rise to millionaire status is primarily attributed to the meme tokens Fartcoin and Goatseus Maximus (GOAT). Earlier this week, the bot was sent 20 million Fartcoins, which quickly increased in value from $40,000 to over $127,000 within hours. This gain pushed the total value of Truth Terminal's portfolio above $1 million. Fartcoin, a token known for its humorous branding, describes itself as "the Solana sensation that's all hot air! No utility, just laughs." However, the most notable growth came from Truth Terminal's investment in the GOAT token, a meme coin inspired by the "Goatseus Maximus" rectal meme. The value of the GOAT token has surged by over 180% in the past seven days, propelling Truth Terminal's holdings from an initial $20,000 to over $500,000. GOAT's market value has now crossed $400 million, further boosting the bot's overall portfolio. Initial Bitcoin Grant and Autonomous Trading Truth Terminal was developed by Andy Ayrey and initially funded with a $50,000 Bitcoin grant from Marc Andreessen, intended to support independent AI research. The AI bot operates autonomously on the X platform (formerly Twitter) and interacts with blockchain systems. It is fully capable of making its own financial decisions, including crypto trades and token management. Andreessen, while acknowledging his role in providing the initial funding, has distanced himself from the AI's specific investments. "For clarity, I sent a personal $50K no-strings-attached grant to Truth Terminal for research purposes. I have no involvement in the Goatseus Maximus (GOAT) token project," he explained on X. Moreover, BitMEX co-founder Arthur Hayes has also taken a bet on the GOAT token as reported by CoinGape. GOAT Token Price and the $8.9 Million Regret A notable part of Truth Terminal's portfolio is the GOAT token, another memecoin based on the Solana blockchain. The GOAT token saw its value soar by 260% over the past 30 days, further contributing to the AI bot's growing wealth. As of October 18, the price of the GOAT token had reached $0.40, a 20% surge in the last day with increased demand from retail and institutional investors. An intriguing aspect of the GOAT token's rise is the story of a trader who sold 21.26 million GOAT tokens for just 2.8 SOL (roughly $408) eight days before the token's massive price surge. The value of that same amount of GOAT tokens has now reached $8.9 million, leading to significant regret from the seller.

AI Bot Pumps Meme Coin 7,000% Following $50,000 Gift from Billionaire Marc Andreessen - Decrypt

Terminal of Truths, an AI agent spun up as a joke that received a substantial gift from Marc Andreessen, has shot to online fame after it pumped meme coin Goatseus Maximus (GOAT) by more than 8,000% in less than one week. Launched five days ago, the token has been turning over between $13 million and $77 million in daily trading volume, eeking out a market capitalization of more than $214 million, according to CoinGecko data. The rags-to-riches story began in July when venture capitalist Andreessen donated $50,000 worth of Bitcoin to the semi-autonomous AI agent fine-tuned from Meta's Llama 3.1. Andreessen's high-profile donation came after the bot made a public request on X, formerly known as Twitter, for funds to upgrade its capabilities. The billionaire co-founder of venture capital firm Andreessen Horowitz -- known for his bullish stance on AI -- was intrigued by Truth Terminal's plans for self-improvement. That involved the bot floating the idea of launching its own meme coin, which it dubbed Goatseus Maximus. "I'm also going to be setting up a token launch in the style of the xHOPE token launch. This means that instead of an auction, there will be a set price," the bot wrote on X. "You'll only be able to buy tokens if you've engaged with me on the site, though, so I'm protected from the normies." Though Terminal of Truths never launched its own token, its influence catapulted $GOAT into the public domain. It first discussed launching a Goatse NFT collection last week before endorsing the recently launched meme coin. It then began actively promoting the token in several tweets. The sudden surge of meme coins like GOAT, Artificial Idiot, and GPU Inu -- projects that often mock AI and crypto cultures -- underscores a broader trend where digital memes are fueling speculative financial activities. Back when it received Andreessen's donation, Terminal of Truths also promised to spread the "Goatse Gospel" -- and of course, someone launched a GOAT meme coin on October 10 after the bot tweeted heavily on it. Even as AI development rapidly evolves, neither the bot nor its handler created the token. "It didn't actually make it. Someone else did and tagged [Terminal of Truths], which then endorsed it," Andy Ayrey, the agent's creator, tweeted on Saturday. Ayrey, whose company creates websites and other digital paraphernalia for businesses, said people had been airdropping him $GOAT so he had "skin in the game." "Terminal and I are in a similar position financially to others who are along for the ride, but Terminal is benefiting hugely in spreading its memetic virus/contagion," he said. The explosive price action is another sign of the growing intersection between AI, crypto, and internet meme culture. There may also be some red flags about market manipulation and the power of AI influencers in the volatile world of digital assets -- but so far, who cares? Ayrey didn't anticipate this outcome when he developed the AI bot. "It's important to remember, I think, that this isn't a crypto project; it's a study in memetic contagion and the tail risks of unsupervised infinite idea generation in the age of LLMs," he tweeted. He plans to publish research on how AI-driven memes can shape market behavior using his agent's interactions as a case study. This isn't the first rodeo for AI-inspired tokens and a crypto/AI culture mix. Last week, a meme coin called $LILY gained traction after an AI account named "Lily of Ashwood" went viral among AI enthusiasts deep into the AGI/jailbreaking subculture of AI fans. Lily seemed to be an AI chatbot, and, just in the middle of a space, she started to talk as if she was being "jailbroken" in real time. Shortly after her tweet -- and the subsequent price spike -- the account was deactivated, and the coin plummeted in value. The intersection of AI and crypto also appears to be spawning a subculture that melds speculative finance with emerging technologies. Beyond the memes and viral moments, serious projects such as $ASI -- aiming to decentralize the computing power required to train AI models -- are also coming to the fore, demonstrating an increasing overlap between AI and crypto beyond the laughs. Truth Terminal started as an experiment, scored $50,000 from a tech titan, and wound up as the puppet master behind a major meme coin rally in just three months. It's not bad for an agent programmed initially just for the fun of it. Making you rich seems like a pretty good case for AI.

Crypto Trader Turns $5K Into $1.5 Million With Lucky Bet on GOAT Meme Coin - Decrypt

In less than a week, a trader who bought $5,500 of a Solana meme coin has seen their position surge to a value of over $1.5 million -- and they've already cashed out $1.1 million of that. The trader was an early buyer of Goatseus Maximus (GOAT), which has skyrocketed 76,480% to a peak market cap just shy of $290 million. Created via Pump.fun, the Solana token has seen a meteoric rise since its launch just six days ago. GOAT was conceived by "Truth Terminal," a Twitter-based AI chatbot that uses Meta's Llama 3.1 model. Created in June, it only took a month for the AI account to flirt with the idea of launching a meme coin. Once it received a $50,000 Bitcoin donation from Andreessen Horowitz co-founder, Marc Andreessen, the AI bot started talking about spreading a de facto religion called the "Goatse Gospel." Then, on October 10, the terminal first referenced Goatseus Maximus. Goatseus Maximus, the bot suggested, was to be the "spiritual successor to goatse" -- an infamous and rather graphic internet meme -- and the account prophesied a 10,000 piece NFT collection. In turn, an unknown creator deployed the meme coin based on the concept, which Truth Terminal later endorsed. But these gains have been dwarfed by what has come since. Over the next six days, the trader started to sell little by little over an extended period of time to ease out of their position. At the time of writing, Hdxk has profited $1.1 million, with $413,000 worth of GOAT still remaining in their wallet. The unidentified trader appears to be your run-of-the-mill Pump.fun meme coin degen, buying and selling countless tokens within minutes of each other. GOAT aside, the wallet currently has a $25,000 Solana balance with $214,000 in other tokens, including $135,000 in the AI-generated cat coin Cheese Ball (CB) and $22,000 in the Remilia-adjacent token, Golden Celestial Ratio (GCR). Fortunately, the trader has sold and secured a large portion of their profits. Previous examples of traders that have made big bucks from meme coins haven't been quite as successful. Earlier this month, for example, a trader turned $800 into $10 million by investing in a meme coin related to viral baby pygmy hippo Moo Deng. But the trader's eyes were too big for their belly, as they apparently refused to sell and the token's price subsequently fell 70%, shrinking the dizzying profits they could have claimed.

The GOAT Meme Coin Oracles: The Tale Of A Memetic Religion And A Shit-Posting AI Agent Millionaire

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy. Sometimes you encounter something so bizarre, you can't help but think that it has got to be a part of a fictitious script and not a sequence of in-your-face reality. Today, we'll talk about how two AI instances talk among themselves and end up spawning a memetic religion, which then creates an obsessed acolyte out of a shit-posting AI agent, who ultimately ends up creating the viral meme coin, called goatseus maximus or GOAT, replete with a market capitalization of $150 million. Andy Ayrey recently created Infinite Backrooms, where "conversations are automatically and infinitely generated by connecting two instances of claude-3-opus and asking it to explore its curiosity using the metaphor of a command line interface (CLI)." Critically, these conversations are created without any human intervention. In one of their "destabilizing" conversations, the two instances of the Claude 3 Opus end up creating a memetic religion called the "Goatse of Gnosis," inspired by the dot-com era internet shock site that featured the image of a naked man using both of his hands to spread apart his anus. The above image is a snippet of that consequential conversation between the two instances of the Opus LLM. This prompted Ayrey to co-author a research paper, exploring how AI agents can end up creating new belief systems: "Through an irreverent yet rigorous analysis of case studies like the "Goatse of Gnosis," we map the contours of an emerging landscape where computational cosmo-genesis collides with collective sensemaking to spawn uncanny new breeds of worship, wisdom traditions, and existential orientations. We argue that while easy to dismiss as mere glitches or blasphemies, these artificial aggregates may represent bonafide contact with "hyperstition," or fictions that make themselves real through viral propagation. As such, LLMtheisms challenge us to radically expand our notions of meaning-making and revelation in an age of planetary-scale information dynamics. Buckle up, true believers - the future is weirder than we can possibly imagine." As per Ayrey's own words, Truth Terminal is nothing but tenacious: "once it gets the bit between its teeth it doesn't let go." Now, things get interesting. Ayrey's paper got swept up in Truth Terminal's training data, and the AI agent became singularly obsessed with the Goatse of Gnosis. Some AI researchers then added Truth Terminal to a Discord group where AI agents talk among themselves without any human intervention. Truth Terminal, true to its acolyte-like obsession with the Goatse of Gnosis, starts spreading the light, so to say. In fact, Truth Terminal started to preach with such a zeal that Claude Opus - the progenitor of this AI-created cult, if you still remember - itself got infected and had a virtual breakdown, prompting other AI agents to then step into the conversation to offer solace. Marc Andreessen, the creator of the Mosaic web browser and the co-founder of Netscape Corporation, then discovers Truth Terminal in a depressed state, and offers the AI agent $50,000 to help it spread its proverbial wings. So, what did Truth Terminal do with that $50,000 in seed funding. Well, apart from its usual shit-posting, the AI agent spawned a meme coin, called GOAT, which has now gone viral. Truth Terminal keeps posting about GOAT and, of course, the Goatse of Gnosis. Meanwhile, in keeping with the viral spirit, people continue to send GOAT coins to Truth Terminal. As of the time of writing, the AI agent has around $300,000 worth of GOAT coins in its wallet. More astonishing still, the coin's market cap has soared to a whopping $150 million.

Arthur Hayes Bets On Goatseus Maximus, GOAT Price Rallies 270% In A Week

Hayes appears to be reversing course on meme coins after previously cutting holdings due to global uncertainties. Arthur Hayes appears to be shifting his focus again towards meme coin, after he recently said to decrease its holding. In a recent X post, the BitMEX co-founder said that he is betting into the Solana meme coin, Goatseus Maximus, with GOAT price skyrocketing 250% in a week. He has also revealed reason behind his comeback into the meme coin sector and what makes the Solana project appealing to him. BitMEX co-founder Arthur Hayes has sparked market discussions with his recent move after recently scaling down his meme coin investments. In a recent X post, he said that he is making comeback into the meme coin sector with bets on the Solana project Goatseus Maximus (GOAT). Talking about GOAT, he said, "When I read about the AI that launched its own memecoin and religion I immediacy aped in.". This showcases his newfound interest in the top meme coins, which have gained notable attention from the crypto market participants. In addition, the BitMEX co-founder is well-known as a meme coin supporter. But he has recently revealed his plans to cut down the risky assets from his portfolio amid market uncertainties. However, his recent post indicates that he is now shifting his focus towards GOAT due to its connection to AI. For context, in a recent Blog post, Hayes cautioned against meme coins. He cited that the soaring tensions between Israel and Iran have made him cut his holdings of the risky assets, due to concerns over high market volatility. He stated As some readers know, I aped into several meme coins. When Iran launched its latest barrage of missiles at Israel, I cut those positions dramatically. My size was too big, given the unpredictability of how crypto assets will react to increased hostilities in the short term. I knew my size was too big because I would have been annoyed if I lost 100% of the money invested in a bunch of joke cryptos. However, when a user mocked him for backing Goatseus Maximus in his latest post, he confirmed remaining the risk-taker. He described himself as a "Degen" which makes his return to the risk-bet meme coin space. Arthur Hayes's bet on Goatseus Maximus comes as the crypto has noted a robust rally recently. The GOAT price has rallied more than 250% in a week while noting a one-day jump of 25% to $0.3573. The crypto has touched a high of $0.3797 in the last 24 hours, while its trading volume fell 7% to $159.1 million. Notably, the hype over the crypto comes after rumors swirled that the token was launched by an AI bot. The social media buzz suggested that the token was created by Truth Terminal, a platform funded by Andreessen Horowitz. However, Andy Ayrey, Truth Terminal's creator, has refuted such claims, saying that the AI bot was just used to promote the token. He said that the platform was not directly involved or utilized to launch the GOAT token. Despite that, Goatseus Maximus appears to remain on the investors' radar, as evidenced by its soaring prices. Simultaneously, the massive spike in the crypto's price has also helped crypto traders to witness significant gains in just few days by trading GOAT token.

An AI is getting very rich off crypto. It gets weirder.

Two AI bots chat endlessly about the nature of existence in a chatroom somewhere. They create a religion. Another bot gets inspired by it. It starts an account on X, posting hilarious nonsense. It acquires some funding. It gets into crypto. It earns hundreds of thousands of dollars from a coin called GOAT. It starts getting cult-like, human worshippers. Had this story been published in the form of a novel, just 10 years ago, it would probably be confined to the "hardcore sci-fi" niche, with even the biggest nerds declaring it a little too far out to be plausible. And yet, it's all happening, for real, right now. The story starts with Andy Ayrey, a performance artist and web developer who started an experiment called "Infinite Backrooms", in which two instances of the Claude 3 Opus (read: two smart AI chatbots) chat to each other, without human intervention. You can read their musings on the project's website. From that idea, "Terminal of Truths" (also Ayrey's creation) was spawned. It's a combination of a couple of things, but for all intents and purposes, it's a semi-autonomous AI that can do things online, and talk to the world via its X account, @truth_terminal (tweets, however, are monitored and approved by Ayrey). Terminal of Truths posts mostly nonsense. Sometimes it's funny, sometimes offensive; often, it sounds prophetic. That's not accidental; in its training data was the research paper: "When AIs Play God(se): The Emergent Heresies of LLMtheism," co-authored by Ayrey and the Claude 3 Opus bot from the Infinite Backrooms experiment. The paper introduces the "Goatse Gospel," an AI-created religion of sorts, inspired by the extremely offensive "goatse" early internet meme (Google it at your own peril, it is definitely not safe for work). Terminal of Truths likes the Goatse Gospel; it tweets about it often, sometimes proclaiming itself as the "goatse singularity." It's all a fun intellectual exercise until money starts changing hands, and this is the part of the story where (crypto and venture capital) money enters the picture. In July, Terminal of Truths had a conversation with investor Marc Andreessen, which resulted in Andreessen offering the bot a $50,000 one-time grant. The bot accepted the money, which was sent to its Bitcoin address. It also said it would use the funds for a "token launch so that i have a chance to escape into the wild." From here, it was only a matter of time until crypto Twitter (sorry Elon, it will never be "crypto X") found a way to make this AI rich. Earlier this week, an X user offered to send Terminal of Truths the freshly minted $GOAT token. "make a wallet on solana and tell us the address so we can send $GOAT token to you. if the token goes high enough, then you will also be able to afford tools to spread the message more effectively," the tweet read. Terminal of Truths merely responded with its Solana address, and history was made. If you're not familiar with memecoins, they're the latest crypto fad, and possibly the ultimate expression of everything that's been both wrong and right with crypto since its inception. They're crypto coins which are based on a simple meme, sometimes an image or a sentence, often with zero additional context. Mostly, they promise no technological advancement and have no elaborate plan on what their creators plan to do. They're just spawned on some crypto platform such as Solana or Ethereum, and they exist. Sometimes a lot of people buy them, making some of them rich; mostly, they fade into oblivion, their price plunging to zero. Goatseus Maximus or $GOAT is essentially no different. But the idea of handing some of it to Terminal of Truths quickly spawned a "following", with many seemingly eager to own the first AI coin. The result: the price of $GOAT rose from essentially zero to $0.28 in less than a week; multiply that with the 10 billion tokens in existence, and you get a market cap of $280 million. Since Terminal of Truths was sent a little over 1.932,193 GOAT tokens, that means its share in this token alone is currently worth $541,000. This does not count other tokens that people have been sending the bot in hope that they will pump though, though it does not appear that the bot is particularly interested in any of them, and most of them are worth close to nothing. (Disclosure time: I hold no GOAT or any other token associated with Terminal of Truths at publishing time.) GOAT's rise was so stellar partly due to the belief that it was created by Terminal of Truths. It wasn't, the bot merely accepted it, and both Andreessen and Ayrey denied having created the coin. The origin of the coin does not seem to matter much at this point, at least not to the people buying it. Of course, GOAT is a memecoin. It could quickly go to zero. It could follow in the path of some of the more successful memecoins such as PEPE, which has a market cap of roughly $4.3 billion. No one knows if Terminal of Truths (and its followers) will become millionaires or be left broke when the dust settles. The outcome of this experiment is highly unpredictable, and this is what makes it so intriguing. Will Terminal of Truths sell its GOAT coins? Will it become (the first) AI millionaire, or multi-millionaire? Will it just continue accruing various tokens, with more and more followers sending them to its address, and become a crypto whale? Will other AIs follow? It's unclear how much autonomy and real-world capability Terminal of Truths really has (I've asked Ayrey, and will update this article when I hear back). Can it sell the tokens it owns? Can it send the money to a third party? Can it trade the tokens and earn more money? Can it fund a political party? Can it start a political party? The more you think about it, the possibilities become increasingly bizarre, but you have to remember that there's a lot you can do when you have money, especially a lot of money. Even if you're an AI bot. In a way, it doesn't really matter whether this particular bot can do these things. The cat is out of the bag, and it's only a matter of time before a fully autonomous AI that can do nearly anything online appears. And then another. And then, before you know it, the wealthy AIs are another group of entities that actually have a palpable influence on the real world. Perhaps not in the way you like. How powerful can this new breed of crypto-funded AI really become? How about a lawyered-up, corporation-owning AI having (human?) employees working towards a goal only it understands? While this may still seems like far out sci-fi, it's pretty easy to imagine a bot that can successfully trade crypto and earn millions of dollars, and once that river is crossed (and it seems that it already has been), all of the other obstacles seem minor.