Turbo, a memecoin generated by ChatGPT, has now surpassed a market capitalization of $600 million.
Renowned digital artist, Rhett Mankind, is the mastermind behind TURBO. Using GPT-4, he developed the coin with a budget of just $69. Despite being the creator, Mankind has ensured that the memecoin remains decentralized and free from his influence.
“I’ve made every effort to keep it decentralized. I don’t want to be in control,” Mankind stated. “The beauty of this project lies in the fact that it has taken off without my direct involvement.”
Mankind employed AI to craft the tokenomics, whitepaper, and smart contract code for the Turbo community.
The Rise of Turbo
In the span of three months, the Turbo meme coin has experienced an astonishing surge of over 2,000%, propelling its market capitalization beyond $600 million. This rapid and substantial growth is unprecedented for a meme coin and comes amidst a growing fascination with AI-driven initiatives in the cryptocurrency sphere.
AI-powered platforms leverage sophisticated algorithms to predict market trends and establish independent agent networks. Tools like GPT-4 play a crucial role in enhancing smart contract development, leading to heightened security and efficiency in blockchain applications. Mankind’s utilization of AI in creating the Turbo ecosystem highlights the technology’s effectiveness in fostering a community that operates autonomously.
Coinmarketcap reports a surge of over 550% in Turbo’s value over the past week, with the current price standing at $0.008492.
The memecoin is traded on more than 30 cryptocurrency exchanges, including OKX, Gate.io, Bitpanda, and Bitget.