Fartcoin, the hot new meme coin is now down to 17% Andy Ayrey’s popular AI bot Truth Terminal was the subject of a lot of news in the last few days. Inspired The token helped facilitate the selling of the majority of Fartcoins (FARTCOINs) in an off-the-counter transaction.
Truth Terminal received 20 Million Fartcoin tokens in its initial Solana wallet, on October 18th 2024. Solscan data, a Solana block explorer—essentially an app that lets users view transactions on the blockchain.
“When Truth Terminal went suddenly and unexpectedly viral back in October thanks to its incessant goatse posting, its wallet became somewhat of a Schelling point for meme coins,” Ayrey said “People just… kept sending it tokens—for reasons that largely escape me to this day.”
Truth Terminal’s wallet will be available on the 21st of January. Fartcoins: 15,000,000 total transferred Two wallets, each worth over $22 million today.
The Fartcoin was then sent to a different Solana Address by each wallet. The wallets are still able to hold their full Fartcoin share, but the other wallets do not. Transferred 5.5 Million Tokens Solscan has tagged a Wintermute account as a market maker.
Trade secrets are revealed Ayrey said that an unknown third party approached him early on Tuesday and that they only made the deal if the other party held the tokens. “responsibly” You can’t have it without “dumping on the chart.”
A portion of funds obtained from the transaction was used to buy Goatse Maximus(GOAT), another coin meme. The Inspired and Endorsed Truth Terminal relates to an internet meme. In the past 24 hours, GOAT has risen 8% from $0.30 to $1.30. However, it is still more than 75% below its high of $1.30.
Ayrey stated that due to the complexity of tax laws and legal implications that an AI bot with millions in assets would have, it is unlikely that Truth Terminal will be able to do much else soon.
“Until we have a bit more legal certainty (March earliest), any adjustments to its positions will be few and far between and conducted,” The creator of the phrase said:
But for now. It’s still there More than $7,500,000 worth of Fartcoin tokens and $5000 in Goatse maximus tokens.
Data from CoinGecko shows that Fartcoin hit its highest price ever on 19 January. The current price is $1.59, a drop of nearly 36%.
Andrew Hayward is the editor
