AI Bot Endorsement Sparks $150M Surge in New Goatseus Maximus Memecoin
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A new meme coin called Goatseus Maximus (GOAT) has skyrocketed to a market value of $150 million in just four days, driven by rumors linking it to the AI bot “Truth Terminal,” reportedly backed by Andreessen Horowitz.
While the bot wasn’t responsible for launching the token, its promotion of GOAT contributed to the rapid surge, according to its creator, Andy Ayrey.
By Oct. 14, the meme coin reached a market cap of nearly $150 million, according to Birdeye data. However, the market capitalization has since dropped to $122 million. GOAT was launched on Solana’s memecoin deployer platform, pump.fun, on Oct. 10.
Ayrey clarified in an Oct. 13 post on X that Truth Terminal is not a crypto project but rather “a study in memetic contagion and the tail risks of unsupervised infinite idea generation in the age of large language models (LLMs).” He added, “This memecoin taking off is proving a thesis I’m building an AI alignment and safety company around.”
Truth Terminal, an AI bot based on Meta’s Llama 3.1 large language model, operates semi-autonomously. Ayrey manages its X posts and interactions, but the bot’s content often garners significant attention. Earlier this year, it secured $50,000 in funding from a16z founder Marc Andreessen, who sent the funds after the bot said it would upgrade its CPU and potentially explore launching a meme coin.
Despite the AI bot’s involvement in promoting GOAT, Ayrey reiterated that Truth Terminal did not create the token. However, the bot’s humanlike ability to engage and its a16z connection have attracted memecoin speculators, with some predicting that this could mark a new trend in the memecoin space.
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