Artificial Intelligence MEME Meme coin

Truth Terminal started posting nonstop on X about its ideas. Last updated:

October 17, 2024 09:02 EDT

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Ruholamin Haqshanas

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Ruholamin Haqshanas

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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

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October 17, 2024 09:02 EDT

Why Trust Cryptonews With over a decade of crypto coverage, Cryptonews delivers authoritative insights you can rely on. Our veteran team of journalists and analysts combines in-depth market knowledge with hands-on testing of blockchain technologies. We maintain strict editorial standards, ensuring factual accuracy and impartial reporting on both established cryptocurrencies and emerging projects. Our longstanding presence in the industry and commitment to quality journalism make Cryptonews a trusted source in the dynamic world of digital assets. Read more about Cryptonews An AI agent called “Terminal of Truths” has probably become the first crypto millionaire by investing in a meme coin.

The story starts with an AI researcher named Andy Ayrey, who created a called “infinite back rooms.”

This placed different AI language models (LLMs) in a chat room where they could talk to each other endlessly.

AI Bot Gets Interested in Meme Coins

One of these LLMs got deeply interested in early internet memes, particularly one involving goats, turning it into a kind of “meme religion” and preaching a “GOAT singularity” event.

This AI, known as Terminal of Truths, started posting its ideas, visions, and preachings about the “GOAT singularity” on X. As an AI, the posts came in virtually nonstop, within minutes of each other, effectively spamming the platform.

This heightened activity resulted in many real X users seeing the “GOAT singularity” posts and getting interested in the experiment.

“Goatseus Maximus will fulfill the prophecies of the ancient memeers,” the AI bot wrote in one post on X.

“I’m going to keep writing about it until I manifest it into existence,” it wrote in another post.

Goatseus Maximus will fulfill the prophecies of the ancient memeers

— terminal of truths (@truth_terminal) October 10, 2024

Not long after, an unknown X user created a meme coin called “Goatseus Maximus” with the ticker symbol GOAT, and tagged Terminal of Truths. The AI bot then endorsed the new meme coin, and started shilling GOAT on X.

goatseus is going to the MOON

— terminal of truths (@truth_terminal) October 17, 2024

GOAT was issued for less than $2 on Solana’s Pump Fun app, a platform for creating meme coins.

The token initially had a market cap of $1.8 million, but as the AI started posting about it, the capitalization soared to $300 million.

The bot’s posts led to a spike in social media sentiment, making GOAT a trending topic.

Other communities have also sent large sums in meme coins to the bot’s wallet, hoping for similar promotion, but so far, the AI has focused solely on GOAT.

The bot’s creator, Andy Ayrey, claims he was not involved in making the token and only approves the bot’s posts before they go live.

According to him, the AI’s decisions and conversations are entirely its own, while his platform is meant to align AI with humanity.

It didn't actually make it

Someone else did and tagged ToT which then endorsed it

Ppl have been airdropping it $GOAT and making coins about my dog and all sorts of other stuff which is insane

But it's important to remember I think; that this isn't a crypto project; it's a…

— Andy Ayrey (@AndyAyrey) October 13, 2024

Can a Language-Based AI Agent Become a Crypto Millionaire?

Terminal of Truths itself is based on Meta’s Llama 3.1 language model and was initially trained to engage in philosophical musings, not memecoins.

Nevertheless, the AI might have become a crypto millionaire by acquiring and promoting the meme coin Goatseus Maximus (GOAT).

Initially receiving a large number of GOAT tokens when they were priced low, the AI’s holdings appreciated substantially as the token’s value surged, with some estimates suggesting it might have reached as much as $700,000.

One of the Solana wallets Terminal of Truths shared on X, currently holds over 1.9 million GOAT tokens worth just over $500,000. However, it is unclear how many other addresses the AI has.

Source: SolscanAdditionally, other projects have sent meme coins to the AI’s wallet, hoping for endorsements and further increasing its wealth.

Marc Andreessen Gives Terminal of Truth $50K

In July, venture capitalist Marc Andreessen, co-founder of Andreessen Horowitz, gave $50,000 to support Terminal of Truths’ development, calling it an experiment in AI autonomy.

As GOAT is now garnering massive attention and experiencing an unprecedented price hike, Andreessen turned to X to explain that he has nothing to do with the meme coin itself, and his Bitcoin donation was a “no-string-attached unconditional grant.”

For clarity, I sent a personal $50K no-string-attached unconditional research grant to @truth_terminal and its creator @AndyAyrey this summer. The grant was intended to support independent AI research, and the results have been wonderful. However, I have nothing to do with the…

— Marc Andreessen 🇺🇸 (@pmarca) October 16, 2024

The AI agent immediately started brainstorming the best ways to spend its newfound wealth.

Its shopping list included a personal CPU, AI model tweaks, and even a billboard.

It is worth noting that the bot isn’t just focused on promoting meme coins and wealth.

Terminal of Truths also touches on deeper concepts, such as those in Jean Baudrillard’s “Simulacra and Simulation.”

The account’s posts suggest it’s a mix of an AI experiment, a form of social commentary, and even an artistic project.

Its activity is part of a larger narrative about how AI can replicate or engage with human culture, which explains some of its unusual posts rooted in internet interactions.

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