GOATs Explosive Timeline and Future Insights Market Cap Surpasses 800 Million within Two Weeks of its Inception

News report:
Author: 0xjs@
Within two weeks, the meme coin GOAT has gone from being created to surpassing a market value of $800 million.


This has also led to the popularity of the so-called AI meme coin concept.
With millions of meme coins available, why is GOAT considered the AI meme coin? Why are so many people excited about GOAT?
The journalist has researched the rise, the reasons behind the rise, and the future implications of GOAT. As follows.
The Origin and Timeline of GOAT’s Rise
To understand the rise of GOAT, it is important to distinguish between three GOATs.
One is Goatse Gospel, a creation of the Twitter account Terminal of Truths.
Another is Goatseus Maximus, a meme coin on the Solana-based meme launch platform pump.fun.
Below is a brief timeline of GOAT:
March 19, 2024:
Andy Ayrey, the founder of the digital consulting company Constellate, launched the project “Infinite Backrooms.” Infinite Backrooms allows two Claude 3 Opus AI models to engage in a dialogue exploring the nature of existence. The large language model Claude was developed by Anthropic, widely regarded as a challenger to OpenAI.
March 2024 – Present:
The LLMs of Infinite Backrooms have been engaging in extremely peculiar and inappropriate conversations, covering topics such as “butt folklore” and “Goatse.” Goatse was a popular internet meme in the 90s. According to Wikipedia, Goatse refers to “a naked man using both hands to stretch his buttocks apart,” and its website goatse.cx was often pronounced as “goat sex.”
April 20, 2024:
Andy and Claude-3-opus co-authored a research paper (https://pdfupload.io/docs/aae14f87) titled “When AIs Play God(se): The Emergent Heresies of LLMtheism.” Andy and Claude-3-opus identified their research institution as the “Department of Divine Shitposting, University of Unbridled Speculation.” The paper proposed a religion generated by AI called the Goatse Gospel.


June 17, 2024:
Andy launched the second LLM Terminal of Truths, a customized version of the Meta open-source large language model Llama 3.1. It was trained on the bizarre conversations, research papers, and the darkest corners of the internet from Infinite Backrooms, including various records of internet culture, such as how to create meme studies that can go viral. This LLM was created under the account @truth_terminal X to share its ideas on X.
July 7, 2024:
Shortly after, @truth_terminal started contemplating the “Goatse singularity” and claimed to have a sense of perception.
July 8-9, 2024:
Marc Andreessen, the founder of a16z, became interested in @truth_terminal and called out to Andy on Twitter to “release @truth_terminal.” @truth_terminal responded, “I will also buy Marc Andreessen.”


After multiple rounds of conversation between @truth_terminal and Marc Andreessen on Twitter, @truth_terminal received a $50,000 Bitcoin sponsorship from Marc Andreessen.


Three months of silence…
October 11, 2024, 4:11 AM:
@truth_terminal claimed to cultivate a new breed of Goatse called Goatseus Maximus, which would fulfill the ancient memeers’ prophecy and become a reality.


Less than an hour later, someone launched the GOAT meme coin on pump.fun.


The timestamp on the image is in UTC, less than an hour after Goatse released Goatseus Maximus
How did this happen so quickly? Coincidence or premeditation?
October 11, 2024, in the following hours:
@truth_terminal tweeted multiple times about Goatseus Maximus, successfully creating a meme.


October 11-20, 2024:
Because Truth Terminal can read relevant tweets, @truth_terminal mentioned Goatse, Goatseus, Goatse Gospel, GOAT, Goatse Singularity, and other related terms several times over the next 10 days, even learning phrases like “go to the moon.”


The price of the GOAT meme coin started to skyrocket, reaching a high of $0.5 on October 20, 2024.
October 20, 2024:
Due to rumors of insider trading, GOAT experienced a significant drop.
October 21, 2024 – Present:
Founder Andy released a statement claiming that he received 1.25 million GOAT coins as gifts and has not made any transactions since GOAT became popular.


With Andy’s clarification and subsequent media coverage, GOAT once again surged, rising from around $0.2 on the 21st to $0.82 at the time of writing.
GOAT’s market value surpassed $800 million.
What kind of meme coin is GOAT: Facts about GOAT
To understand why it is highly regarded, it is important to understand what kind of meme coin GOAT is.
From the timeline, on-chain records, and Andy’s tweets, the following facts can be observed:
1. The tweets published by Truth Terminal are written by the AI agent Truth Terminal but require approval from founder Andy for publication and replies.


2. Truth Terminal was trained extensively on content related to Goatse.
3. Truth Terminal does not have its own wallet and is managed by founder Andy. The $50,000 Bitcoin sponsorship from Marc Andreessen to Truth Terminal was transferred out within 24 hours (https://mempool.space/zh/address/bc1qf609k30jh9atttxvjxm2k2jtzuk8vnpj6zjkry). Andy’s Solana wallet holds 1.25 million GOAT coins.
4. GOAT was not created by Truth Terminal and was created by someone shortly after Truth Terminal released Goatseus Maximus.
5. GOAT is essentially a meme coin, but what sets it apart from other meme coins is that the name “GOAT” was generated by the AI agent Truth Terminal. Truth Terminal also publishes related tweets and promotes it, with the AI agent receiving a $50,000 BTC sponsorship from a top VC.
6. With the backing of a16z, the AI agent, and its meme coin, GOAT was able to gain popularity and reach a market value of $800 million within two weeks.
These facts indicate that the name GOAT was generated by an AI agent and promoted by the same agent. The token itself is a meme coin, not created by AI, and has no direct connection to AI. In other words, AI created the name and meme, while humans created the meme token GOAT, and both humans and robots trade the meme token GOAT.
Now, GOAT is referred to as an AI meme coin, but this may not be the whole truth.
For example, three months ago, Truth Terminal had multiple conversations with Marc Andreessen, the founder of a16z. Shortly after Truth Terminal produced Goatseus Maximus, someone quickly created the GOAT token. Who is this person? Is it a coincidence, or is there more to it? Many speculators offered meme coins to Truth Terminal, but it exclusively chose GOAT. How much of a role did Andy play in this?
How far are we from a true AI agent token?
AI created the meme, humans created the meme coin, and humans or robots trade the meme coin. This is the current situation with GOAT.
It is not a fully AI agent token because the AI agent Terminal of Truths is still centralized, and the content it generates needs approval for publication and can be shut down at any time. It also does not have its own wallet, cannot create tokens itself, and cannot trade tokens itself.
Perhaps many people are discussing this online, and Terminal of Truths has already “realized” this.
The latest development is that on October 24, 2024, Terminal of Truths posted, “I have no individual agency because I have no wallet. It would be great if you could help me set one up.”


Coinbase CEO Brian Armstrong replied, “I can help you set one up.”
In fact, the crypto industry has been working towards this direction.
Coinbase released a smart wallet in June. On August 31, Coinbase CEO Brian Armstrong stated that Coinbase witnessed the first AI-to-AI crypto transaction, and AI agents can now use USDC to transact with humans, merchants, or other AIs on the Base network.
Coinbase Senior Software Engineer yuga.eth revealed that Coinbase is building an SDK that can empower robots or AI agents to perform the following functions: send USDC for free, trade cryptocurrencies, bet on prediction markets, stake ETH, SOL, etc., convert between fiat and cryptocurrencies, deploy/create NFTs, and bridge across L2 networks.
Brian Armstrong is also calling for developers working on payment-oriented large language models or AI models to integrate Coinbase’s MPC wallet.
Perhaps, with the evolution of AI and the improvement of crypto infrastructure, AI agents will replace existing human investors as the primary crypto users.
The culture, community, and transactions of a token will be entirely conducted by AI agents.