Ethereum

United

Turbo

Read

Turbo (TURBO), an AI-generated <a href="https://crypto.news/tag/memecoin/" rel="">memecoin</a>, has surged 40% in the past 24 hours amid a trending status in the United States. 
At the time of writing, TURBO was trading at $0.001105, marking over 100% rise over the past week. The token’s market capitalization has crossed $70 million, reflecting a 40% rise, while its 24-hour trading volume hit $37 million, up 160%. 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14271623"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/05/TURBO_1D_graph_coinmarketcap-2.png.webp"> 
 <img loading="lazy" decoding="async" width="898" height="495" src="https://crypto.news/app/uploads/2024/05/TURBO_1D_graph_coinmarketcap-2.png" alt="AI-powered Turbo memecoin sees 40% jump amid growing U.S. trend - 27"> 
 </picture> 
 <figcaption class="wp-element-caption">
 TURBO 24-hour price chart | Source: <a href="https://coinmarketcap.com/currencies/turbo/" target="_blank" rel="">CoinMarketCap</a>
 </figcaption>
</figure> 
Turbo Token, the brainchild of digital artist Rhett Mankind, emerged as an experiment in <a href="https://crypto.news/chatgpt-audit-shows-major-security-flaw-in-memecoin/" rel="">cryptocurrency development using artificial intelligence</a>. Mankind used GPT-4 to generate the concept for a memecoin with just a $69 budget. The AI provided the tokenomics, whitepaper, and smart contract code, which was refined with community help. 
Mankind then launched the token’s website, created its X account, and deployed the token, establishing a liquidity pool. 
However, a bot quickly bought out the pool, which had limited funds due to the small initial budget. This prompted Mankind to consult the AI for alternative funding options, ultimately settling on community crowdfunding. 
 You might also like: <a href="https://crypto.news/bonk-surpasses-floki-inu-to-become-fifth-largest-memecoin/" rel=""> BONK surpasses Floki inu to become fifth largest memecoin </a> 
The new setup saw a total supply of 69 billion tokens, with 9 billion held by Mankind and 50 participants contributing through crowdfunding. The highest individual pledge was between $200 and $300 in Ethereum (ETH), raising a total of $6,669. 
Currently, the token is listed on over 30 crypto exchanges, including <a href="https://crypto.news/tag/okx" rel="">OKX</a>, Gate.io, HTX, and Bitget. 
TURBO’s latest rise coincides with an overall 3.7% increase in the memecoin market in the past 24 hours, while the global crypto market has gained 2.3%. <a href="https://crypto.news/tag/bitcoin/" rel="">Bitcoin </a>also experienced a 3% increase in the same period, reaching roughly $63,300. 
 Read more: <a href="https://crypto.news/a16z-crypto-cto-slams-memecoins-say-they-paint-risky-casino-narrative/" rel=""> A16z crypto CTO slams memecoins, say they paint ‘risky casino’ narrative </a>

AI-powered Turbo memecoin sees 40% jump amid growing U.S. trend

crypto.news

Weitere Artikel, die am 10. Mai 2024 veröffentlicht wurden

Hottest Solana Meme Coin Nearly Raises $400k in Presale – Next Big Thing?

Voyager crypto lawsuit: Mark Cuban can face trial after missing settlement talks

User Engagement In Polkadot Rises, Will DOT Stop Consolidating Soon?

XRP Faces Challenges Overcoming Resistance

Altcoins will bottom in early summer before bull run — Analyst

Coingecko Research: Over 20% of Top Cryptos Are Low Float

Abonniere unseren kostenlosen Newsletter und erhalte tägliche Krypto-Updates!