AI-created Crypto meme token surges 3,000% in 3 months & hits $638M m-cap
Experts noted that the inflow of crypto meme tokens in the crypto sector increased rapidly this year because of Artificial intelligence (AI) chatbot tools.
In Nov 2022, Artificial intelligence (AI) firm OpenAI launched its AI chatbot ChatGPT and grabbed huge popularity across the whole world, as tech enthusiasts of all sectors labeled ChatGPT as a very useful tool to bring efficiency to the works.
In the crypto sector, many newbies took help from the ChatGPT chatbot tool to make new meme tokens. In the past couple of years, we reported about a successful crypto meme token created by a frustrated & failed person.
In the present, a 3 months old crypto meme token “Turbo” is gaining huge popularity, which was created by digital artist Rhett Mankind, who used GPT-4 to design the concept, tokenomics, and the smart contract. The project began with a modest budget of $69 and has since evolved into a popular meme coin in the crypto space.
On 28 May 2024, the trade price of the $Turbo token hit an all-time high.
The current trade price of this meme token is $0.009 which is 1.5% higher over the last 24 hours.
It is worth noting that the market cap of this meme token surged from $27 million to over $600 million, marking a 2,262% increase, in the last 3 months.
This meme token founder Mankind used X (formerly Twitter) to involve the community in creating the project’s name and mascot through polls. This community-driven method, along with using new AI technology, has made Turbo popular with investors.
It is worth it to note that with the inflow of new meme tokens in the crypto space, the majority of the retail traders are showing their inclination toward meme tokens to a great extent.
Over the past couple of months, the majority of the serious crypto enthusiasts talked about the issues of increasing meme tokens in this sector & noted that it is going to impact the money inflow in those crypto projects that are really useful & better to use.
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