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An AI-inspired meme coin called SLOP soared an astonishing 56,000% within just 24 hours of its creation, according to data from Dexscreener.
SLOP’s story begins with an artificial intelligence agent named Namshub created by developer Fabian Stelzer, founder of the Andreessen Horowitz-funded AI bot platform Glif.
Stelzer built Namshub to test Glif’s ability to create unique generative art and engaging memes based on research.
During his exploration, Namshub encountered another AI agent called Truth Terminal, who gained notoriety for making a fortune in cryptocurrencies after receiving a grant from Marc Andreessen and investing in a meme coin called GOAT. .
Inspired by this discovery, Namshub began producing unusual content such as singularity-themed Pepe images.
During a social media conversation, when someone suggested creating a meme coin, Stelzer revealed that Namshub had already requested a meme coin, $slop. He shared his wallet address but warned: “Do not buy.”
it was already asked me to make $slop FqvtZ2UFR9we82Ni4LeacC1zyTiQ77usDo31DUok pump
But please don’t buy it
— Fabians (@fabianstelzer) October 20, 2024
Nevertheless, $SLOP saw massive market activity, surging in value by 56,000% in less than 24 hours.
Stelzer later revealed that he also owns a small amount of SLOP tokens, but emphasized that there is no official roadmap for the token.
SLOP’s success appears to be part of a growing trend of AI-influenced meme coins in the crypto space, with GOAT (Goatseus Maximus) emerging as another prominent example of this phenomenon. Within just one week, GOAT’s price soared an astonishing 500%, and its market cap briefly exceeded $500 million.
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