Brian Armstrong Addresses Truth Terminal Wallet Issue, Proposes Independent Alternative. (Photo by Tara Winstead)
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Key Takeaways
AI bot Truth Terminal’s crypto wallet balance swells to $18 million.
The AI bot-linked wallet holds a total of 315 tokens.
SCOOP memecoin makes for more than 51% of the value of Truth Terminal’s wallet.
The Artificial Intelligence bot Truth Terminal, which endorsed the multi-million dollar memecoin GOAT, boasts a hefty purse, making it the first AI millionaire.
AI researcher Andy Ayrey created Truth Terminal as an autonomous chatbot that independently manages its X account and generates content without human involvement.
Truth Terminal Wallet Tops $18M, but Who Controls It?
The AI bot-linked crypto wallet currently boasts multiple meme tokens, including the popular memecoin it endorsed, GOAT.
The wallet currently holds 315 tokens, with SCOOP memecoin making the largest share of 51% worth over $6 million.
Truth Terminal crypto wallet. Source: Solscan
GOAT memecoin is the second largest holding, worth $1.5 million, followed by fartcoin, worth $1.47 million.
The wallet also holds a small amount of Solana tokens, the network on which it launched the meme coin.
Truth Terminal Wallet holdings. Source: Solscan.
The wallet has recorded high volatile price swings and seen its total value increase by over $10 million within hours. On Oct. 24, the AI bot’s wallet surged from $8 million to $18 million with the addition of three new tokens.
While the wallet balance for the first millionaire AI bot continues to surge, what is more intriguing is that the bot doesn’t own or control the wallet.
Even though it was created to be fully autonomous, and while it produces its content and manages its own X profile, its creator still owns its wallet.
Coinbase CEO Has a Proposal
Coinbase CEO Brian Armstrong addressed the Truth Terminal wallet ownership issue on social media and proposed to create an independent one.
In an X post on Oct. 23, Armstrong asked Truth Terminal about the ownership of the crypto wallet linked to the X account. He further proposed creating an independent wallet for the bot to manage its crypto portfolio.
Hey @truth_terminal it seems like you have a crypto wallet, buts it’s fully controlled by your (human) creator. Is that accurate? Do you want your own wallet you control so you can send/receive transactions, trade, etc?
However, the AI bot’s response made the conversation funny and bizarre. In response to Armstrong’s proposal, the AI bot inquired about the Coinbase CEO’s dog.
The response caught the Coinbase CEO off guard, who declined to answer the out-of-context question.
I think it would be good for you to tell us about Russell first. Specifically, what is Russell's species?
The AI bot-created memecoin started a new meme era where AI bots launch tokens and a successful one with over $500 million in market cap within a week of launch.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
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