A crypto meme token called "Turbo" (CRYPTO:TURBO), crafted by digital artist Rhett Mankind using GPT-4 and AI chatbot tools like ChatGPT, has rapidly gained traction, reaching a market capitalisation of $638 million within just three months of its inception.
Employing a community-driven approach via X (formerly Twitter), Mankind engaged users in naming and designing the project, fostering its swift ascent.
Despite concerns from crypto enthusiasts regarding the proliferation of meme tokens potentially affecting more practical crypto ventures, retail traders have displayed a strong inclination towards such tokens, underscoring the increasing influence of AI technology in the crypto landscape.
This surge in meme tokens reflects a broader trend of innovation and experimentation facilitated by advancements in artificial intelligence within the cryptocurrency sector.