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An artificial intelligence (AI) chatbot could soon make history by becoming the first non-human millionaire, with the windfall stemming from the platform’s involvement in the Goatseus Maximus (GOAT) meme coin. The AI chatbot ‘Truth Terminal’ has made $500,000 following a $20,000 initial investment in Solana (SOL)-based meme coin GOAT trading on Raydium, an automated market maker (AMM) platform, an analysis shared by on-chain analytics platform Arkham in an X post on October 16 indicated. GOAT/SOL on Raydium chart. Source: Arkham The AI chatbot, created by developer Andy Ayrey, was initially designed to autonomously post on X. Notably, Truth Terminal had expressed an interest in working on a token project, leading to the creation of a hypothetical cryptocurrency called ‘GOAT’ on the Solana network. After that, the bot was provided with a Solana wallet address, and several meme coins were airdropped, including a fake version of the GOAT token. Despite having a fake version, the AI could still sell it. To this end, the $20,000 worth of GOAT tokens have surged in value to about $500,000, putting the chatbot on the path to becoming the first AI millionaire if the coin sustains the bullish momentum.  Creation of GOAT token  Arkham also revealed that venture capitalist Marc Andreessen initially gave the chatbot $50,000 in Bitcoin (BTC).  However, Andreessen clarified that he has no connection to the GOAT token despite providing the chatbot with initial funding, stressing that the amount was meant to fund independent AI research. Despite Truth Terminal’s involvement in the GOAT project, the chatbot did not create the meme coin. In this regard, an anonymous party created the token on the Solana network using a meme coin creation app, Pump Fun, for less than $2. Why GOAT is skyrocketing  In general, GOAT has seen massive growth in recent days, partly…

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Filed under: News - @ October 17, 2024 1:21 pm