Turbo (TURBO), an AI-crafted meme cryptocurrency, has experienced a 40% surge over the last day, driven by its rising popularity in the United States.
As of the current moment, TURBO is valued at $0.001105, signifying a surge of over 100% within the last week. The token’s market capitalization has surpassed $70 million, demonstrating a 40% increase, and its 24-hour trading volume has reached $37 million, marking a rise of 160%.
Rhett Mankind, a digital artist, introduced Turbo Token as a cryptocurrency experiment leveraging artificial intelligence. Using GPT-4, Mankind conceptualized a memecoin with a modest $69 budget. The AI contributed to the tokenomics, whitepaper, and smart contract code, refined further with community input.
After launching the token’s website, setting up its social media accounts, and deploying the token with a liquidity pool, the pool was quickly depleted by a bot due to its limited funds. This led Mankind to seek alternative funding solutions with the help of AI, ultimately deciding on community crowdfunding.
The new configuration introduced a total token supply of 69 billion, with Mankind holding 9 billion tokens and 50 participants contributing via crowdfunding. The largest individual pledge ranged between $200 and $300 in Ethereum (ETH), generating a total of $6,669.
Presently, the token is available on more than 30 cryptocurrency exchanges, including OKX, Gate.io, HTX, and Bitget.
TURBO’s recent surge aligns with a 3.7% uptick in the memecoin market over the past 24 hours, while the global cryptocurrency market has seen a 2.3% increase. During the same period, Bitcoin has risen by 3%, reaching approximately $63,300.
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