Crypto investor turns $86,000 into $3.75 million betting on Memecoin endorsed by popular AI bot
A crypto trader has managed to achieve a staggering 3,360% return on their investment by betting on Goatseus Maximus ($GOAT), a meme-inspired cryptocurrency heavily promoted by an AI bot funded by Andreesen Horowitz called “Truth Terminal.” According to data from Lookonchain, the trader used 603 SOL tokens to acquire 10.7 million GOAT, which initially amounted to $86,000. At its peak, this investment skyrocketed to a value of $3.75 million.
After selling 700,000 GOAT tokens for 1,453 SOL, the trader was left with 10 million tokens valued at $2.74 million. This smart investment resulted in a profit of $2.88 million (3360%) from GOAT and an additional $411,000 (226%) from investing in another meme-inspired cryptocurrency called $BILLY.
GOAT was airdropped to the AI bot, leading some to believe that the bot had created the coin. However, the bot’s creator clarified that it had been programmed to promote and publicize the currency. GOAT’s launch took place on Pump.fun, a renowned Solana memecoin launchpad that assists in preventing scams.
The creator’s wallet address has ties to the launch of other memecoins, indicating that it is not affiliated with Truth Terminal and operates with some human oversight on social media.
The bot’s creator, Andy Ayrey, explained that it is a modification of Meta’s Llama 3.1 language model and was originally intended for him to automate “jailbreaking” other models to produce inappropriate content.
In addition to their GOAT investment, the trader also spent $182,000 to purchase 7.3 million $BILLY tokens, eventually selling them for $593,000 and profiting $411,000 (226%) from their initial investment.
Nonetheless, it’s important to exercise caution when investing in meme-inspired cryptocurrencies.