The post Meme Coin Turbo Made Using ChatGPT Now Worth $618M appeared on BitcoinEthereumNews.com.

Coinspeaker Meme Coin Turbo Made Using ChatGPT Now Worth $618M Over the last month, ChatGPT-based AI-generated meme coin Turbo (TURBO) witnessed a staggering 1,460.31% with its market cap crossing $600 million and beyond. This is one of the most remarkable growths registered by a meme coin in a very short period and comes amid the growing interest in AI-based projects in the crypto community. Digital artist Rhett Mankind created the Turbo meme coin while leveraging ChatGPT to build the concept, tokenomics, as well as smart contracts. The surprising thing is that the project started with a minimal budget of just $69 and in no time it has become extremely popular within the crypto space. Speaking on the entire growth story, Rhett Mankind, the creator of TURBO, said: “Everything I’ve done is to try and just make it decentralized. So I’m not in control. And I think that’s where the beauty of this came from. It sort of blew up because I’m not running things. Everyone else is coming up with ideas and how to do something and they’re just implementing it way better than I could even do myself.” One year ago, TURBO exceeded the market cap of $50 million before retracing to approximately $34 million. However, since then, the token has experienced a remarkable surge of 2,550%. In recent times, the token has demonstrated exceptional performance, achieving new all-time highs in its price. According to the latest data, Turbo is currently trading at around $0.0088, marking a considerable increase from its initial valuation. Moreover, the token’s 24-hour trading volume has witnessed a substantial uptick, surpassing $500 million, indicative of heightened market activity and growing investor interest. What’s Behind the Turbo Success Story? The mania within the meme coin sector has obviously contributed to the success of Turbo. However, another…

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Filed under: News - @ May 28, 2024 8:16 pm