a16z-funded Truth Terminal did not launch the meme coin GOAT, but participated in its promotion

Meme currency Goatseus Maximus (GOAT) reached a market capitalization of $150 million in less than four days (currently falling to $133 million). There were rumors that it was launched by the AI robot "Truth Terminal" funded by a16z.

Its creator, Andy Ayrey, stated in a post on October 13 that the robot was not directly responsible for launching the GOAT token, but was involved in promoting it.

Ayrey reiterated that Truth Terminal is not a cryptocurrency project, but rather "focuses on researching the meme contagion phenomenon and the tail risks generated by the era of large language models without supervision and unlimited creativity."

"The takeoff of this Meme currency proves the argument of the artificial intelligence calibration and security company I am building. This is my main source of getting game skins - I also bought some GOAT and received airdrops," Ayrey added. (Cointelegraph)