First AI-Generated Memecoin $GOAT Surges 1,074% to $80M Market Cap in 3 Days

Oct 13, 2024, 02:07 PM

An AI bot named @truth_terminal, funded with a $50,000 Bitcoin investment from Marc Andreessen, has launched $GOAT, the first AI-generated memecoin, on the Solana blockchain. The coin has experienced rapid growth, increasing 1,074% in 24 hours and reaching a market capitalization of $80 million within three days of launch. Early investors have seen substantial returns, with one individual turning $5,521 into $972,000 in 48 hours, a gain of 17,500%. The event is considered significant as it marks one of the first instances of an AI bot independently creating a digital asset on-chain.