According to TechFlow, on October 14, Cointelegraph reported that although the artificial intelligence robot Truth Terminal funded by a16z did not launch the memecoin called GOAT, it supported the token and briefly increased its value to slightly more than 150 million US dollars.
The AI bot’s creator, Andy Ayrey, said in an Oct. 13 X post that the AI bot was not directly responsible for the launch of the GOAT token, but that it participated in the promotion of the memecoin. The AI bot’s endorsement of the token fueled GOAT’s astonishing rally, with its market cap at just under $150 million on Oct. 14, according to Birdeye data.
Ayrey reiterated that Truth Terminal is not a crypto project, but rather a “study into the tail risks of unsupervised infinite idea generation in the age of memetic contagion and large language models.” “The success of this memecoin proves the theory that I’m building an AI alignment and security company; that’s the bulk of my investment in this game — although I’ve also bought some GOAT and people are airdropping me some GOAT to invest in this game,” Ayrey added.
It is reported that GOAT’s current market value is 122 million US dollars, which is lower than the peak of 150 million US dollars on October 14.
