AI Bot Pumps Meme Coin 7,000% Following $50,000 Gift from Billionaire Marc Andreessen

Quick Summary:

The sudden surge of meme coins like GOAT underscores a broader trend where digital memes are fueling speculative financial bets.

Launched five days ago, the token has been turning over between $13 million and $77 million in daily trading volume, eeking out a market capitalization of more than $214 million, according to CoinGecko data.

It first discussed launching a Goatse NFT collection last week before endorsing the recently launched meme coin.

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Article Details

Author / Journalist: Jose Antonio Lanz

Category: Crypto

Markets: Estonia

Topics: Meme coin Memecoins Meme coins Ai agents AI meme Coins Marc andreessen Crypto culture

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-16 @ 02:22:40 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 885 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 23081446

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 3 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 14 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #63

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