CandleFocus GOAT and TURBO Dominate 60% of AI Meme Coin Trading Volume
2024-10-23
Author: Content Editor
In October, AI meme coins, which are meme tokens created or promoted by AI tools, gained significant attention from traders. The market capitalization of these coins reached nearly $1.9 billion, with the majority of trading volume focused on two main tokens, GOAT and TURBO. TURBO is a meme coin created by ChatGPT, while GOAT is promoted by an account believed to be operated by AI called the 'Terminal of Truths.' Despite controversies surrounding spelling mistakes by the 'Terminal of Truths' account, GOAT rebounded and reached a new all-time high, with its market cap surpassing $570 million. Venture capitalist Marc Andreesen commented on the convergence of AI and crypto, donating $50,000 to the 'Terminal of Truths' account. Other AI-operated accounts have also emerged, promoting their own tokens, but some saw significant price drops in October.
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