Turbo

Memecoin

April

Million

The crypto market is witnessing the rapid ascent of Turbo (TURBO), a memecoin conceptualized and executed with the assistance of OpenAI’s ChatGPT, which has now reached a market capitalization of $607 million, making it the 229th largest cryptocurrency by market cap. This marks a significant event in the crypto community, reflecting a growing interest in AI-driven projects and the potent dynamics of meme-driven investments. 
<h2 id="frog-theme-memecoin-captures-crypto">Frog-Theme Memecoin Captures Crypto</h2> 
Turbo was created by digital artist Rhett Mankind, who utilized the GPT-4 model to generate the initial concept, develop the tokenomics, and even write the smart contract. Starting with a budget of only $69, Mankind documented each step of the creation process and shared it publicly, fostering transparency and community involvement. 
<blockquote class="twitter-tweet"> 
 This first memecoin created by AI. Read the foundation thread here… 
 The official contract address for <a href="https://twitter.com/search?q=%24TURBO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$TURBO</a> is: 0xA35923162C49cF95e6BF26623385eb431ad920D3<a href="https://t.co/eX3AbTyJpM" rel="nofollow" target="_blank">https://t.co/eX3AbTyJpM</a> 
 — Turbo <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f438.png" alt="🐸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@TurboToadToken) <a href="https://twitter.com/TurboToadToken/status/1652789263308824578?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">April 30, 2023</a>
</blockquote> 
Reflecting on the project’s decentralized nature, Mankind emphasized the community’s role in driving the token’s success. He stated, “Everything I’ve done is to try and just make it decentralized. So I’m not in control. And I think that’s where the beauty of this came from. It sort of blew up because I’m not running things. Everyone else is coming up with ideas and how to do something and they’re just implementing it way better than I could even do myself.” 
After achieving a market cap of $50 million a year ago, Turbo experienced a decline to around $34 million. However, it has recently seen a resurgence, with an increase of over 2,550% in its value. According to the latest data, Turbo’s price surged to new all-time highs, peaking at $0.0097 per token, before stabilizing around $0.0095. The memecoin also witnessed a massive spike in its 24-hour trading volume, exceeding $500 million, signaling a massive investor interest and active market participation. 
Despite its categorization as a memecoin, which often suggests limited utility beyond speculative trading, Turbo has been credited with innovative use of <a href="https://bitcoinist.com/best-ai-altcoins-to-watch-following-nvidias-q1-earnings/" target="_blank" rel="noopener ">AI technology</a> and a community-centric approach to governance. The memecoin operates with a renounced contract ownership and promotes tax-free transactions, which have contributed to its appeal among crypto investors. 
Turbo is currently traded across several major cryptocurrency exchanges, including MEXC, Gate.io, and OKX, enhancing its accessibility and liquidity. The token’s circulating supply is 69 billion TURBO, and its on-chain market cap recently recorded above $600 million reflects a daily increase of 83%. 
Turbo’s success cannot be pinpointed to a singular cause. Beyond the general excitement surrounding memecoins and the unpredictable nature of the crypto market, where <a href="https://bitcoinist.com/important-shiba-inu-event-sparks-excitement-among-community-members-whats-it-about/" target="_blank" rel="noopener ">community engagement</a> and innovative approaches can sometimes translate into significant financial success. 
At press time, TURBO traded at $0.009437. 
<img loading="lazy" decoding="async" class="size-full wp-image-302475" src="https://bitcoinist.com/wp-content/uploads/2024/05/TURBOUSDT_2024-05-28_15-08-03.png?resize=1024%2C473" alt="Turbo price" width="1024" height="473" srcset="https://bitcoinist.com/wp-content/uploads/2024/05/TURBOUSDT_2024-05-28_15-08-03.png?resize=1024%2C473?w=3628 3628w, https://bitcoinist.com/wp-content/uploads/2024/05/TURBOUSDT_2024-05-28_15-08-03.png?resize=1024%2C473?w=640 640w, https://bitcoinist.com/wp-content/uploads/2024/05/TURBOUSDT_2024-05-28_15-08-03.png?resize=1024%2C473?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/05/TURBOUSDT_2024-05-28_15-08-03.png?resize=1024%2C473?w=980 980w, https://bitcoinist.com/wp-content/uploads/2024/05/TURBOUSDT_2024-05-28_15-08-03.png?resize=1024%2C473?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2024/05/TURBOUSDT_2024-05-28_15-08-03.png?resize=1024%2C473?w=2048 2048w, https://bitcoinist.com/wp-content/uploads/2024/05/TURBOUSDT_2024-05-28_15-08-03.png?resize=1024%2C473?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/05/TURBOUSDT_2024-05-28_15-08-03.png?resize=1024%2C473?w=1140 1140w, https://bitcoinist.com/wp-content/uploads/2024/05/TURBOUSDT_2024-05-28_15-08-03.png?resize=1024%2C473?w=3000 3000w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1">

Crypto Memecoin Created With ChatGPT Rockets To $607 Million Market Cap

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