Investing.com — AI bots are now driving a new wave of activity in the cryptocurrency market by launching and trading meme coins.
Known as “AI Meme Coins,” Needham analysts view this “as one of the most unique narratives to develop in crypto in the last several years.”
“Without human decision-making input, an AI bot has scoured crypto markets and started promoting certain coins as attractive buys on social media,” they noted.
“We view this as the first major connection between crypto and AI, and we believe this could have broad implications for exchanges such as Coinbase (NASDAQ:), Robinhood (NASDAQ:), custody providers, token issuers, and regulators.”
A key project in this movement is an AI bot named Truth Terminal, which was trained on meme-centric platforms like 4chan, Reddit…
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