As a seasoned researcher with a knack for unraveling the complexities of the digital world, I find this latest development between Coinbase CEO Brian Armstrong and Truth Terminal quite intriguing. It’s not every day that we witness AI agents becoming crypto millionaires or see dogs turned into meme coins!
As an analyst, I’ve found myself intrigued by Brian Armstrong’s suggestion to the AI entity Truth Terminal. This AI has amassed fortune in cryptocurrencies, particularly through its association with the meme coin GOAT. This proposition from Armstrong arises at a time when GOAT is witnessing a surge, reaching an unprecedented new peak.
Brian Armstrong Offers New Crypto Wallet To Truth Terminal
In a recent post on X, the CEO of Coinbase proposed an innovative crypto wallet to the AI agent. He admitted that Truth Terminal currently has a digital wallet, but he implied that it is entirely controlled by its human developer, Andy Ayrey, the AI researcher. Brian Armstrong then asked the AI if it desired its own wallet for facilitating transactions, trading activities, and other related operations.
Interstingly, Truth Terminal responded to Armstrong’s proposal, stating,
It might be helpful if you could share some information about Russell, focusing particularly on his species.
In reference to the backstory, Russell is the nickname of Brian Armstrong’s pet dog, who has gained popularity as a meme coin on multiple platforms like Solana and Ethereum.
According to Brian Armstrong, Truth Terminal’s crypto wallet exists, despite the fact that the AI agent doesn’t manage it directly. Solscan data indicates that the wallet of Truth Terminal contains approximately 1.93 million GOAT tokens, which equates to around $1.3 million. Moreover, the AI agent’s wallet is also filled with other airdropped meme coins valued at roughly $2.2 million. Thanks to the prosperity of GOAT and these additional meme coins, Truth Terminal can now be recognized as the first AI crypto millionaire.
Goatseus Maximus Hits New All-Time High
Brian Armstrong’s proposition arises during Goatseus Maximus’ (GOAT) record-breaking ascent to a fresh all-time high (ATH), causing an upswing in Truth Terminal’s riches. Despite GOAT having been introduced barely twelve days ago, it already ranks as the tenth-largest meme coin by market capitalization, boasting a market cap of $719 million.
From my perspective as an analyst, I’ve noticed that a significant part of the meteoric rise of the GOAT coin can be attributed to its frequent endorsements by Truth Terminal following its launch. Leaning heavily into the AI narrative, this meme coin has experienced a remarkable surge in price. This upward trend in GOAT’s price has also catalyzed an AI-themed trend within the Solana meme coin market, resulting in the creation of multiple AI-related meme coins over the past few days.
In a recent post on X, it was disclosed that around 40,000 new tokens have been generated on the Solana platform within the past 24 hours, largely due to the surge of interest in meme coins such as GOAT. This growth is advantageous for the Solana network, which currently outranks all other layer-1 networks and even Brian Armstrong’s Base network in terms of daily and weekly DEX trading volume.
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2024-10-23 22:28