A Cryptocurrency Trader Has Managed to Make a 3,360% Return Betting on a Meme-Inspired Cryptocurrency, $GOAT, That Has Been Heavily Promoted by an AI Bot Funded by Andreesen Horowitz Called “Truth Ter
- Patricia ArquetteOriginal
- 2024-10-19 16:14:19232browse
The cryptocurrency, which some in the cryptocurrency community believed was created by the AI agent itself, was airdropped to it, which then proceeded to promote it.
A cryptocurrency trader has managed to make a 3,360% betting on a popular meme-inspired cryptocurrency, Goatseus Maximus ($GOAT), which has been heavily promoted by an artificial intelligence (AI) bot funded by Andreesen Horowitz called “Truth Terminal.”
According to data from Lookonchain, the cryptocurrency trader, which also managed to make a 226% return using another meme-inspired cryptocurrency, spent 603 SOL tokens to buy 10.7 million GOAT, meaning they invested $86,000 to acquire a stash that at one point was valued at $3.75 million.
The trader has recently sold 700,000 GOAT tokens for 1,453 SOL, leaving 10 million tokens valued at $2.74 million in their wallet.
This smart money made $2.88M( 3360%) on $GOAT and $411K( 226%) on $BILLY!
He spent 603 $SOL($86K) to buy 10.7M $GOAT($3.75M at peak) 6 days ago and sold 0.7M $GOAT for 1,453 $SOL($222K) in the past 8 hours, leaving 10M $GOAT($2.74M).
He also spent $182K to buy 7.3M $BILLY 4… https://t.co/j2bMoKpTfs
The cryptocurrency, which some in the crypto space believed was created by the AI agent itself, was airdropped to it, which then went on to promote it. The coin was launched on Pump.fun, a popular Solana memecoin launchpad which helps prevent scams.
Its creator’s wallet address is linked to the launch of other memecoins, and does not belong to Truth Terminal, which operates semi-autonomously and has a human handler approving its posts on social media.
The bot’s creator, Andy Ayrey, has stated that it is operating a “fine tune on top” of Meta’s Llama 3.1 language model and was “originally intended to be a way” for him to “automate jailbreaking other LLMs to say naughty things.”
The trader who made $2.88 million with GOAT also spent $182,000 to buy 7.3 million $BILLY tokens, which they later sold for $593,000, netting them a $411,000 profit or roughly 226% on their initial investment.
Featured image via Pixabay.
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