AI-powered Turbo memecoin sees 40% jump amid growing U.S. trend

AI-driven Turbo memecoin has seen a significant 40% surge in value within the past 24 hours, riding the wave of a growing trend in the United States. Currently trading at $0.001105, Turbo has experienced over a 100% increase in the past week. Its market capitalization has exceeded $70 million, showcasing a remarkable 40% rise, and the trading volume within the same time frame has skyrocketed to $37 million, a surge of 160%. Digital artist Rhett Mankind is the mastermind behind Turbo Token, having utilized GPT-4 to generate the concept for the memecoin with a modest $69 budget. The AI provided the tokenomics, whitepaper, and smart contract code, which were then refined with the assistance of the community. Following the launch of the token’s website, the establishment of an X account, and the deployment of the token’s liquidity pool, the limited funds were quickly acquired by a bot. Mankind turned to the AI for alternative funding options and opted for community crowdfunding. As a result, Turbo now boasts a total supply of 69 billion tokens, with Mankind holding 9 billion and 50 participants contributing via crowdfunding. The crowdfunding effort raised a total of $6,669, with individual pledges ranging from $200 to $300 in Ethereum (ETH). Turbo Token is currently listed on more than 30 crypto exchanges, including OKX, Gate.io, HTX, and Bitget. This recent surge in Turbo’s value coincides with a 3.7% overall increase in the memecoin market over the past 24 hours, while the global crypto market has gained 2.3%. Additionally, Bitcoin has observed a 3% increase in the same period, reaching an approximate value of $63,300.