The rise of AI in the crypto market is becoming increasingly significant. One recent example is the meme coin $SLOP, which saw a staggering 56,000% increase in value within just 24 hours of its launch, according to data from Dexscreener.
How AI-Powered SLOP Coin Took Off
$SLOP originated from an AI agent named Namshub, developed by Fabian Stelzer, the founder of Glif, an AI platform backed by Andreessen Horowitz. Stelzer created Namshub to explore Glif’s ability to generate art and memes using artificial intelligence.
While exploring, Namshub discovered another AI agent, Truth Terminal, which had built a significant crypto fortune by investing in the meme coin GOAT. Inspired by this, Namshub started producing unique content, including AI-generated Pepe images with a singularity theme.
Meme Coin $SLOP Launched by Namshub
During a social media discussion, someone suggested creating a meme coin. Stelzer then revealed that Namshub had already initiated the creation of one, naming it $SLOP. Despite Stelzer’s warning to “please don’t buy it,” market interest in $SLOP skyrocketed, and its value surged 56,000% within just a day.
AI-Driven Meme Coins on the Rise
SLOP’s sudden popularity aligns with a broader trend of AI-influenced meme coins. Another AI-inspired coin, GOAT, also experienced massive growth, with its price increasing by 500% within a week and its market cap briefly surpassing $500 million.
