GOAT Memecoin Soars Above $300 Million Valuation

The GOAT token, currently the darling of the memecoin trenches, is driving an AI-adjacent movement within the space.

After GOAT’s astounding 65,000x rally from its launch price in less than a week, memecoin traders are experimenting with an array of derivative Twitter bots and tokens.

Established AI memecoins, such as $TURBO, are also benefiting from the frenzy and doubled over the last week to a $700 million market capitalization.

Outside of TURBO and a few other winners, such as the “George Droyd” token, traders have turned to pumping and dumping tokens led by fake AI-led social media pages or creating their own AI-run X accounts, often based on popular users’ tweet histories.

Marc Andreessen, the co-founder of A16z, funded Terminal of Truths with a $50,000 Bitcoin grant earlier this year. Andreessen has continued to interact with the AI on social media but took to X to clarify his role in the experiment.

“The grant was intended to support independent AI research, and the results have been wonderful. However, I have nothing to do with the $GOAT memecoin. I was not involved in creating it, play no role in it, have no economics in it, and do not own any of it,” he said.

The $GOAT token is believed to have been launched by an independent “developer” on memecoin launchpad Pump.Fun, and merely adopted by Terminal of Truths.