An a16z-funded AI bot called Truth Terminal did not launch a memecoin called GOAT, but it did endorse the token and sent it briefly rallying to a value of just over $150 million.
A new memecoin dubbed Goatseus Maximus (GOAT) has rallied to a value of $150 million in less than four days after rumors that it had been launched by an Andreesen Horrowitz-funded artificial intelligence bot called “Truth Terminal.”
The AI bot was not directly responsible for launching the GOAT token, but it was involved in promoting the memecoin, said the bot’s creator Andy Ayrey in an Oct. 13 X post.
The AI bot’s endorsement of the token contributed significantly to an outsized rally which saw GOAT reach a market cap of just under $150 million on Oct. 14, per Birdeye data.
