The Rise of Memecoins: How ChatGPT AI Created AstroPepeX
Over the past few years, the crypto market has witnessed the rise of numerous memecoins. These are digital currencies that often gain popularity due to their humorous or meme-based nature. Recently, an Ethereum developer named CroissantETH utilized the power of artificial intelligence to create a memecoin called AstroPepeX (APX). This groundbreaking experiment generated immense trading volume within the first 24 hours of its launch, attracting both attention and skepticism from the crypto community.
ChatGPT AI Creates Memecoin
ChatGPT, an artificial intelligence program, played a pivotal role in the creation of the AstroPepeX memecoin. CroissantETH developed a script that allowed ChatGPT to not only come up with a name for the token but also launch it on the Ethereum network. In a tweet, CroissantETH explained the script’s functionality:
“Essentially, the script asks ChatGPT to create an ERC20 token following the Open Zeppelin standard. The token name and other parameters are designed to be passed through values specified by GPT in the code.”
The Open Zeppelin framework, an open-source platform for building and launching smart contracts, served as the foundation for this memecoin creation. As of now, AstroPepeX (APX) is the only token launched using this method. Despite the skepticism surrounding memecoins, APX has already generated millions in trading volume, leading to significant profits for early investors.
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Name of the New Crypto: AstroPepeX
Curious about the origin of the name AstroPepeX? ChatGPT derived this name from data extracted from the top ten thousand tokens traded on Uniswap. It also took into account information from Coinmarketcap and Coingecko platforms. Consequently, AstroPepeX came into existence as a result of this data-driven process. Alongside AstroPepeX, ChatGPT also proposed names like “Inuverse” and “QuantumPepe,” but ultimately, these names were not chosen.
In addition to the name, the AI program DALL-E, developed by OpenAI, was instrumental in creating the visual representation of the memecoin. The combined efforts of ChatGPT and DALL-E showcase the impressive capabilities of AI, particularly within niche markets such as cryptocurrency. However, APX’s initial trading success has not been sustainable, as its value has sharply decreased since its launch.
The emergence of memecoins like AstroPepeX demonstrates the ongoing creativity and experimentation within the crypto space. AI-driven initiatives, such as ChatGPT’s role in launching APX, push the boundaries of what is possible in the digital currency world. While the long-term viability of memecoins remains uncertain, it is clear that they have captured the attention of both traders and skeptics alike.