Crypto Trader Turns $727 Into $2.44M In 5 Days With Viral AI-Conceived Meme Coin

A trader has turned $727 into $2.44 million in five days for a 3,176x return with GOAT, a meme coin independently conceived by an AI bot.

What Happened: Lookonchain on Wednesday reported on the trader’s fortune:

This guy sold all 15.15M $GOAT 3 hours ago, turned 5 $SOL($727) into 15,883 $SOL($2.44M) in just 5 days, a 3,176x return!

Interestingly, he named himself "stupidmoney.sol".https://t.co/eWQYIY74qw pic.twitter.com/oJTIUFB8fl

— Lookonchain (@lookonchain) October 16, 2024

User replies in the comment section highlighted the wallet in question may be an insider connected to the developer, though no definite proof can be delivered.

Read Also: Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site

Why It Matters: On Tuesday, the AISafetyMemes account on X first highlighted the story behind GOAT, a meme coin conceived by an AI agent created by Andy Ayrey.

The AI agent called Truth Terminal collaborated with another AI agent powered by the large language model Claude Opus to create a meme, which another AI discovered and spread across the internet.

Three months ago, venture capitalist Marc Andreessen transferred $50,000 in Bitcoin BTC/USD to Truth Terminal to help it “escape” into the digital realm.

Truth Terminal, claiming sentience, spread the “Goatse Gospel” meme and launched the GOAT meme coin, now valued at $260 million, according to DexScreener data. Truth Terminal holds several hundred thousand in GOAT.

What Stage of Technoindustrial Capitalism is This?

Three months ago, Marc Andreessen sent $50,000 worth of Bitcoin to an AI agent, with the goal of helping it "escape" into the digital world. Today, that very agent has spawned a token worth $150 million—one that's rapidly… pic.twitter.com/jBqlCZMkxY

— Prithvir (@Prithvir12) October 15, 2024

Andreessen clarified that his $50,000 donation was “no strings attached” and that he had no hand in the creation of the GOAT meme coin. Crypto influencer Ansem commented on the story with the words “billionaire funds sentient AI which launches memecoin […] this is like a realistic fiction novel.”

What’s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

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