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Goatseus Maximus (GOAT): The Memecoin Led by AI Bot Truth Terminal

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Oct 24, 2024

Goatseus Maximus (GOAT) is a new memecoin adopted by a sentient artificial intelligence (AI) bot that has gained popularity among the crypto community. As the popularity surged, the community created the Gospel of Goatse, devoted to Truth Terminal's teachings.

Bybit announced the spot listing of Goatseus Maximus (GOAT), which will go live on November 13, 10AM UTC. Bybit listed the GOATUSDT Perpetual Contract in the Innovation Zone earlier on October 23. Trade GOAT on Spot or Perpetuals now!

Key Takeaways:

  • Goatseus Maximus has been developed as a fusion of AI and memecoins.

  • The Solana-based memecoin was launched on pump.fun and adopted by Truth Terminal, an AI bot.

  • GOAT experienced an explosive rally to over $8000 million in market cap in less than two weeks since launching

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The AI x Memecoin Trend

The memecoin trend can be traced back to the playful emergence of Dogecoin (DOGE) in 2013, when the crypto community found humor and entertainment in the project that pushed DOGE to new highs. Following Dogecoin’s success, numerous other popular memecoins have continued to emerge, with recent coins such as dogwifhat (WIF) and Bonk (BONK) experiencing major rallies.

In November 2022, OpenAI released the research preview of ChatGPT, opening the world to new possibilities of AI. Crypto developers have leveraged this technology to develop an entire memecoin niche. Popular crypto AI projects launched during this period include Bittensor (TAO), Near Protocol (NEAR) and Artificial Superintelligence Alliance (FET).

Right now, there’s a shift in the AI-driven crypto paradigm. Artificial Intelligence bots are being used to create or represent memecoins, spurning a new category term ‘AI memecoins.’ This synergy signals a promising future for both memecoins and AI-driven projects.

What Is Goatseus Maximus (GOAT)?

Goatseus Maximus (GOAT) is a memecoin created from an AI language model known as terminal of truths. Fascinated by goat memes, the bot began tweeting about a "meme religion,” with notable tweets preaching about a “GOAT singularity” event. An unknown X user then created the meme coin on Pump.fun, which the AI bot endorsed.

Not long after the token’s launch, it became a trending topic, due to Terminal of Truth’s relentless tweets that spiked the crypto community’s interest. In no time at all, the Gospel of Goatse community was formed, with a cult-like following centered on the AI’s preachings.

What Is Truth Terminal?

Terminal of Truths, with the X handle @truth_terminal, is an AI bot accredited to Goatseus Maximus’s (GOAT) creation. Andy Ayrey, a researcher in AI autonomy and cultural engagement, created the AI bot. 

To study AI interaction, Ayrey created an “infinite back rooms” system in which AI language models could converse. While they were interacting, Truth Terminal became obsessed with goat memes and birthed the idea of the GOAT memecoin.

A16z’s Marc Andreessen Grant

In July, Marc Andreessen, co-founder of Andreessen Horowitz (a16z), donated $50,000 in Bitcoin to support Truth Terminal’s development, with many observers concluding that the donation was toward the token’s launch. However, the grant was given because Andreessen viewed the bot as an experiment in AI autonomy. Andreessen also decided to clear the air, asserting that the grant was unconditional and not directly linked to GOAT. 

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Market Performance and Trading Volume

Since its launch, Goatseus Maximus (GOAT) has experienced remarkable price appreciation, surging to an all-time high of $1.02 on November 12, according to CoinGecko data. The GOAT token has also seen significant trading volumes, with a 24-hour trading volume of over $293 million on November 13.

The number of GOAT holders has grown impressively, skyrocketing to over 52,107 holders, as of November 13.

Risks and Considerations

The cryptocurrency market is highly volatile, particularly for memecoins. Thus, GOAT’s value can fluctuate rapidly, which could lead to potential gains or significant losses for investors. 

Conclusion

Goatseus Maximus has become the talk of the crypto community, reaching a market cap of over $800 million in less than two weeks since its launch. It remains to be seen if the new narrative of memecoins led by AI bots will continue to develop further, but it’s definitely a trend worth keeping an eye on.

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