Turbo (TURBO), an AI-generated memecoin, has experienced a significant surge of 40% in the last 24 hours, gaining popularity in the United States. Currently trading at $0.001105, TURBO has seen a remarkable increase of over 100% in the past week. The token’s market capitalization has exceeded $70 million, showing a 40% rise, with a 24-hour trading volume reaching $37 million, up by 160%.

Turbo Token was created by digital artist Rhett Mankind as an experiment in cryptocurrency development using artificial intelligence. Mankind utilized GPT-4 to generate the concept for a memecoin with a modest budget of $69. The AI provided the tokenomics, whitepaper, and smart contract code, which was further refined with community input. The token’s website was launched, an X account was created, and the token was deployed, establishing a liquidity pool.

However, the pool was quickly bought out by a bot due to the limited funds from the initial budget. This led Mankind to explore alternative funding options, eventually deciding on community crowdfunding. The new setup resulted in a total supply of 69 billion tokens, with 9 billion held by Mankind and 50 participants contributing through crowdfunding. The highest individual pledge ranged between $200 and $300 in Ethereum (ETH), raising a total of $6,669.

TURBO is currently listed on more than 30 crypto exchanges, including OKX, Gate.io, HTX, and Bitget. The recent surge in TURBO coincides with a 3.7% increase in the memecoin market over the past 24 hours, while the global crypto market has also seen a 2.3% gain. Bitcoin has experienced a 3% increase, reaching around $63,300 during the same period.

If you are interested in cryptocurrencies and the dynamic field of investing, TURBO’s unique journey in the world of memecoins is definitely worth following. Stay tuned for more updates and news on Global Crypto News.

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