The developers of the AI-powered
At 1:50 AM UTC on October 29, Ayrey’s Valuation: $25 million.
A now-deleted tweet from Ayrey’s account promoting IB tokens. Source: X
However, according to data from Descreener, the wallet responsible for token distribution purchased 124.6 million IB for $38,400 at launch and sold its entire holding within 45 minutes for a profit of $602,500.
The value of fake IB tokens soared to a high of $25 million. Source: Dexscreener.
Ayrey’s account was still compromised at the time of publication, with hackers making several additional posts about the launch of a new memecoin and sharing a link to a Telegram group.
Truth Terminal is an AI bot responsible for sending a memecoin called Goatseus Maximus (GOAT) to a peak value of $940 million. GOAT’s current market capitalization is $637 million, down 32% from its all-time high on October 24.
Notably, the bot was not involved in the launch of GOAT, but approved the token after its developer launched it on October 10th on Solana-based memecoin distributor Pump.fun.
source: Andy Aray
Ayrey says Truth Terminal is a “fine-tuned” version of Meta’s Llama 3.1 large-scale language model, originally developed as a way to “automate the jailbreak of other LLMs to bitch about them.”
relevant: Coinbase introduces ‘age-based’ to create AI agent in 3 minutes
Truth Terminal operates semi-autonomously, with Ayrey only approving and filtering X posts and deciding with whom to interact.
The bot first made waves in the cryptocurrency industry on July 11 when it secured $50,000 in discretionary funding from a16z founder Marc Andreessen. Marc Andreessen funded the bot’s wallet after the bot said it wanted to buy a new CPU, tweak its algorithm, and potentially launch it on its own. Meme Coin.
Truth Terminal’s foray into cryptocurrencies inspired a wave of similar autonomous and semi-autonomous AI agents that began posting about and trading cryptocurrencies on social media.
AI Eyes: A bizarre cult is growing around the AI-created memecoin ‘religion’.