Projects like GOAT have been pivotal in popularizing this trend. GOAT had a remarkable weekly gain of nearly 200%.
Why AI memecoins? In the past two months, meme coins have singlehandedly driven retail volume and interest.
Rise of GOAT
GOAT is the first AI-powered meme coin, launched by truth terminal . It is an AI-powered meme coin deployed and managed by an AI agent, including all social media posting and interaction.
GOAT is the result of interactions between two AI agents, completely unsupervised and uninterrupted. The meme coin got legitimacy with a $50k donation from the founder of A16Z VC.
GOAT Price Action
GOAT is listed on Gate, Mexc, Raydium, etc.
$GOAT is sitting at a $569M marketcap. Can it become a top 5 meme coin? Let’s check the token holdings. The Top holder is Gate exchange with 3.5%.
The second largest holder is the AI that generated the meme coin.
Should we buy GOAT?
It is the most unique meme coin out there. So, definitely, there is value. However, the top holders are all VCs and exchanges. This increases volatility. Also, the AI that generated the memecoin is quite suspicious. Its aim is to become a millionaire and be free with the money.
It is a millionaire now. So, if the AI decides to sell, the meme could collapse. You can wait for a retracement to get into GOAT. We will add GOAT to our portfolio at the appropriate time. We will track the wallet to find whether the AI is selling GOAT and if its going to buy anything.
There are Many More AI Memecoins
Yes. However, most of the new AI meme coins are developed by human developers. They are quick rug pulls. So the best action is to stick with the popular one.
Also, we will monitor the Twitter account of Truth Terminal . Most of the time, it tweets crap. However, if it is planning to sell tokens, then logically, it would announce early. We will try to track more such coins, with unique value propositions.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
