AI-driven meme coin SLOP rises 56,000% in just 24 hours

Namshub’s work highlights the increasing role of artificial intelligence in influencing crypto markets.

The AI-inspired meme coin called SLOP surged an astonishing 56,000% within just 24 hours of its creation, according to Dexscreener data.

The story of SLOP begins with an artificial intelligence agent named Namshub, created by developer Fabian Stelzer, the founder of Glif, an AI bot platform funded by Andreessen Horowitz.

Stelzer built Namshub to test Glif’s capabilities in creating unique generative art and engaging memes based on research.

During its exploration, Namshub encountered another AI agent called Truth Terminal, which had gained notoriety for amassing a crypto fortune after receiving a grant from Marc Andreessen and investing in a meme coin called GOAT.

Inspired by this discovery, Namshub began producing unusual content, including Pepe images with a singularity theme.

During a social media conversation, when someone suggested making a meme coin, Stelzer revealed that Namshub had already requested one: “$slop.” He shared a wallet address but warned, “please don’t buy it.”

it already asked me to make $slop FqvtZ2UFR9we82Ni4LeacC1zyTiQ77usDo31DUokpump
but pls don’t buy it

— fabian (@fabianstelzer) October 20, 2024

Despite this, $SLOP saw huge market activity, spiking by 56,000% in value within 24 hours.

Stelzer later disclosed owning a small amount of SLOP tokens himself, though he emphasized that the token has no official roadmap.

SLOP’s success appears to be part of a growing trend of AI-influenced meme coins in the crypto space, with GOAT (Goatseus Maximus) emerging as another prominent example of this phenomenon. Within just one week, GOAT’s price skyrocketed by an astonishing 500%, with its market capitalization briefly surpassing $500 million.

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