{"id":12580,"date":"2024-05-28T14:27:26","date_gmt":"2024-05-28T14:27:26","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/crypto-memecoin-created-with-chatgpt-rockets-to-607-million-market-cap\/"},"modified":"2024-05-28T14:28:53","modified_gmt":"2024-05-28T14:28:53","slug":"crypto-memecoin-turbo-surges-to-607-million-market-cap","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/crypto-memecoin-turbo-surges-to-607-million-market-cap\/","title":{"rendered":"Crypto Memecoin Turbo Surges to $607 Million Market Cap"},"content":{"rendered":"\n<p>A new player in the crypto market, Turbo (TURBO), has seen remarkable growth and currently boasts a market capitalization of $607 million, securing its position as the 229th largest cryptocurrency. Turbo&#8217;s rise underscores the increasing interest in AI-backed projects and meme-inspired investments.<\/p>\n<h2>Origin and Development of Turbo<\/h2>\n<p>Digital artist Rhett Mankind is the mastermind behind Turbo, leveraging the GPT-4 model to craft the token&#8217;s concept, economics, and smart contract. With an initial budget of $69, Mankind documented the entire creation process, emphasizing transparency and community involvement from the onset.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">This first memecoin created by AI. Read the foundation thread here&#8230;<\/p>\n<p>The official contract address for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24TURBO&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$TURBO<\/a> is: 0xA35923162C49cF95e6BF26623385eb431ad920D3<a rel=\"nofollow noopener\" target=\"_blank\" href=\"\"><\/a><\/p>\n<p>\u2014 Turbo  (@TurboToadToken) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TurboToadToken\/status\/1652789263308824578?ref_src=twsrc%5Etfw\">April 30, 2023<\/a><\/p>\n<\/blockquote>\n<p>Mankind highlighted the decentralized nature of the project, emphasizing the community&#8217;s pivotal role in Turbo&#8217;s success. He stated, &#8220;Everything I\u2019ve done is to try and just make it decentralized. So I\u2019m not in control. And I think that\u2019s where the beauty of this came from.&#8221;<\/p>\n<p>Despite a market cap dip to $34 million following a peak at $50 million last year, Turbo has recently skyrocketed, witnessing a value surge of over 2,550%. The coin hit new highs, reaching $0.0097 per token before stabilizing around $0.0095. It also experienced a significant spike in its 24-hour trading volume, surpassing $500 million, indicating robust investor interest and market activity.<\/p>\n<p>Although classified as a memecoin, Turbo stands out for its novel use of AI tech and community-driven governance. It operates with a relinquished contract ownership and supports tax-free transactions, enhancing its attractiveness to crypto enthusiasts.<\/p>\n<p>Trading on major exchanges like MEXC, Gate.io, and OKX has bolstered Turbo&#8217;s market presence and liquidity. With a circulating supply of 69 billion TURBO tokens, its on-chain market cap exceeding $600 million illustrates an 83% daily surge.<\/p>\n<p>The success of Turbo is multifaceted, blending meme coin frenzy with the volatile crypto landscape, where community engagement and innovative strategies can lead to substantial financial gains.<\/p>\n<p>Currently, TURBO is trading at $0.009437.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-302475\" src=\"https:\/\/www.bitrabo.com\/discover\/wp-content\/uploads\/2024\/05\/1716906446_37_Crypto-Memecoin-Created-With-ChatGPT-Rockets-To-607-Million-Market.png\" alt=\"Turbo price\" width=\"1024\" height=\"473\" data-recalc-dims=\"1\" \/><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new player in the crypto market, Turbo (TURBO), has seen remarkable growth and currently boasts a market capitalization of $607 million, securing its position as the 229th largest cryptocurrency. Turbo&#8217;s rise underscores the increasing interest in AI-backed projects and meme-inspired investments. Origin and Development of Turbo Digital artist Rhett Mankind is the mastermind behind [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Crypto Memecoin Turbo Surges to $607 Million Market Cap - Bitrabo","description":"A new player in the crypto market, Turbo (TURBO), has seen remarkable growth and currently boasts a market capitalization of $607 million, securing its position"},"footnotes":""},"categories":[316],"tags":[1299,556,4424,504,496,2401,561,2598],"class_list":["post-12580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-cap","tag-chatgpt","tag-created","tag-crypto","tag-market","tag-memecoin","tag-million","tag-rockets"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/12580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=12580"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/12580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/12581"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=12580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=12580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=12580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}