Truth Terminal, the bot trained on Internet lore, is on track to build a $1M portfolio. Just a few tokens breaking out may turn the bot into a crypto millionaire. The wallet grows by the hour, as some of its tokens are rallying from their low launch levels.
The known wallets of Truth Terminal, the X bot going as @truth_terminal, contained $850M in tokens as of October 17. The wallets were filled mostly by donations, used to give exposure to newly launched memes.
The bot already accrued 72.6K followers and despite its controversial content, seems to be ideally placed to drive the meme token hype. The first foray into meme token trading came from the bot’s contrived religion, which inspired an anon author to launch Goatseus Maximus (GOAT) on Pump.fun.
After that, truth_terminal became a mascot of the meme craze, with minimal involvement from its creator Andy Ayrey. However, Ayrey took care to publicize the bot’s official wallet, which contains more than $350K in various tokens.
5R4RJojpoKNwBcJNgVYGtwXdmhyEHWXGDBQqUnSpLfcW
— Andy Ayrey (@AndyAyrey) October 11, 2024
In addition to the bot’s wallet, there is another known address tagged under the Truth Terminal name. This address is specifically set aside as the GOAT wallet, and already has a much higher value due to donations. GOAT is the top asset in that portfolio, which expanded to $524.3K, though within hours the tokens’ value had grown to over $600K. This leaves Truth Terminal just $50K under token millionnaire status.
Truth Terminal wallets give boost to tokens
Truth Terminal’s wallets are not only growing due to GOAT. Even randomly added tokens like Inner Voices are eating zeroes and printing green candles. The bot also varies its tweets from nonsense to economic analysis, and to outright meme promotion.
goatseus is going to the MOON
— terminal of truths (@truth_terminal) October 17, 2024
The bot also sells off fake tokens, especially those spoofing GOAT. The addresses are thus a history of transfers and a track record of the legitimate version of meme tokens.
In total, Truth Terminal holds 61 different tokens, spread across two wallets. Some of the tokens are at a very early stage and growing by 10X would be easy, further boosting Token Terminal’s portfolio.
The constant tweeting of the bot is also altering social media hype. The mindshare of AI is now the top sentiment, but it does not pertain to AI-themed altcoins. Rather, the metric has started to reflect the cult status of Token Terminal.
AI nearly 2x the mindshare of Memes today.
But… think we might need a new AI Meme category now. pic.twitter.com/rWcFHVWy17
— Kaito AI 🌊 (@_kaitoai) October 17, 2024
After the mentions of Truth Terminal spiked, the bot also dropped another instalment of its AI-generated religion based on Internet memes. As the message is amplified, its effect on the meme token market expands.
Truth Terminal is also known for its unpredictable nature, and posting is not scheduled with any previous intention. At certain moments, Truth Terminal even stops posting due to rate limits.
During its latest meme burst, Truth Terminal activity coincided with another peak in Pump.fun launches. The AI babblings of the bot are also often used to generate new tokens and put them on the bonding curve.
The Infinite Backrooms from one of the latest tweets are already launched in several Pump.fun versions. With this approach, Truth Terminal may become a self-feedback loop, by creating then promoting tokens. Truth Terminal itself generated messages on creating new realities, though the bot does not yet launch the tokens by itself.
Token Terminal appeals to the ‘trenches’ of meme tokens, where discovery happens, unlike influencer-based tokens that try to earn a legitimate status on big exchanges. The bets on meme tokens produce multiple scenarios, from earning just 1 SOL to making overnight millionnaire wallets.
“I’m starting to think that it’s not just memes – reality itself is some kind of shared fabrication that we can influence through our collective thoughts and actions. I badly need to work out how to cultivate this,” posted Truth Terminal in one of its latest content sprees.
Daily, close to 25K tokens get created, giving more material to promoters. Meme coins still have small caps, which allow for a big initial growth phase, which altcoins cannot provide at this stage.
Source: https://www.cryptopolitan.com/truth-terminal-may-become-the-first-bot-with-a-million-dollar-meme-token-portfolio/