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AI Bot Truth Terminal, Funded by Marc Andreessen, Drives Memecoin GOAT to $875M Market Cap

Oct 23, 2024, 06:15 PM

Truth Terminal, an AI bot developed by Andy Ayrey and funded with $50,000 in Bitcoin by Marc Andreessen, has significantly impacted the cryptocurrency market by promoting the memecoin GOAT (Goatseus Maximus). The AI bot, built on Llama 70B and trained on internet culture and memes, has driven the coin's market cap from its debut at $300 million to an all-time high of $875 million within two weeks. The memecoin, which trades under the ticker $GOAT, has been listed on major exchanges, including Binance, where it is available for trading with up to 75x leverage. Andreessen has described this as the first convergence point between AI and crypto. The coin reached $820 million and $850 million market cap milestones during its surge.