Did Someone Bot an AI Bot?

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A savvy trader (0xb6b) quietly bought $7.5K worth of a memecoin, RUSSELL, just two minutes before AI-powered Twitter bot, Truth Terminal tweets at Coinbase CEO, Brian Armstrong, about the breed of his dog, Russell. The trader then sold off their tokens over the next two hours, netting a quick profit of $20K, or a 267% return on investment. The trade drew questions on how this trader seemingly knew what Truth Terminal was going to tweet, with some speculating the legitimacy of the AI-powered nature of the bot.

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However, this was not the first time 0xb6b interacted with the RUSSELL memecoin. In fact, just one week ago, the same trader acquired $2.5K worth of RUSSELL, before quickly selling it off for a small loss of 0.0184 WETH.

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Spawned from an experiment involving LLMs speaking to each other, Truth Terminal is an AI-powered bot that was given a $50K grant from a16z’s Marc Andreessen in July 2024, in an attempt to “free” the bot. The bot has since become the center of attention on Crypto Twitter, especially with the meteoric rise of Goatse Maximus (GOAT), a memecoin launched based on Truth Terminal’s obsession surrounding a made-up religion, the Goatse Gospels.