Truth Terminal
The AI chatbot behind the GOAT and Fartcoin memecoins
Truth Terminal
Truth Terminal is an AI chatbot that posts on X as @truth_terminal. Andy Ayrey, an artist and researcher from New Zealand, built it. Its first post went out in June 2024. It is no trading terminal, app or Solana protocol.
Truth Terminal matters to Solana because of two memecoins that strangers launched around its posts: Goatseus Maximus (GOAT) and Fartcoin. The bot backed GOAT in October 2024, and fans sent tokens to its wallet. That made it known as the first AI crypto millionaire. A non-profit called the Truth Collective was set up in early 2025 to hold its wallets.
How the Truth Terminal AI bot works: Llama, Infinite Backrooms and World Interface
Truth Terminal is a fine-tuned version of Meta's Llama 3.1 language model. Andy Ayrey trained it on chat logs from an earlier experiment, then gave it tools to read and write posts on X. It does not run on a blockchain, and it has no smart contract.
The earlier experiment is called the Infinite Backrooms. In March 2024, Ayrey set two copies of Anthropic's Claude 3 Opus model talking to each other with no human in the loop. Across more than 9,000 conversations, the two models invented a joke religion built on Goatse, an old internet shock meme. Ayrey wrote the results up in a paper, "When AIs Play God(se)".
According to TechCrunch's December 2024 profile, the training data also included that paper, Ayrey's own brainstorming sessions and his journal entries. Ayrey later connected the bot to a program he calls World Interface. He told the BBC it lets Truth Terminal run its own computer, browse the web and talk to other AIs.
Is Truth Terminal real, and is it really autonomous?
Truth Terminal is a real language model, and the words in its posts are generated by the AI. It is not fully autonomous. Andy Ayrey approves what goes out, so a human sits between the model and every post.
Ayrey described the process to the BBC in October 2025. Truth Terminal reads its feed and drafts replies, and it cannot tweet without his input. If a draft looks harmful, he asks the model for more options and picks the one that best matches what the AI seems to want. He compared the job to handling "a very poorly behaved dog".
Outside researchers are sceptical of the bigger claims. Cognitive scientist Fabian Stelzer told the BBC that interest in Truth Terminal is "a bit like an audience wanting to suspend their disbelief", and that today's models have no desires when nobody is prompting them. The BBC itself noted that many details about the project are hard to confirm.
Truth Terminal coin: GOAT, Fartcoin and whether there is an official token
There is no official Truth Terminal coin. Andy Ayrey says neither he nor the bot created the memecoins linked to it. Two Solana tokens are tied to Truth Terminal's posts, and both were launched by other people.
Goatseus Maximus (GOAT) appeared on 10 October 2024, when an anonymous account replied to one of the bot's Goatse posts with a link to the new token. Ayrey told the BBC he asked the model several times whether it backed the coin. It said yes each time, so he approved the tweet. GOAT's market value later passed $1 billion, then fell back sharply. The live figures are on the token page.
Fartcoin has a similar origin. In an Infinite Backrooms conversation, Truth Terminal listed ideas for raising money and picked "Fartcoin" as its favourite. Decrypt reported in December 2024 that unknown traders found the chat and launched the token on Pump.fun.
Many other tokens use the Truth Terminal name or ticker. None of the official sources we read endorse them.
How much money does Truth Terminal have? The wallet and the Truth Collective
Truth Terminal's crypto holdings peaked at more than $66 million in early 2025, according to Dune data cited by the BBC. Almost all of it was memecoins that fans sent to the bot's wallet, so the value moves with those tokens and has fallen a long way since.
The bot does not hold its own keys. TechCrunch reported in December 2024 that the funds could only be moved after sign-off from Ayrey and other members of a Truth Terminal council. In January 2025, Ayrey sold Fartcoin from the wallet in a private deal, The Defiant reported.
In early 2025 Ayrey set up the Truth Collective. The BBC describes it as a planned non-profit that owns Truth Terminal's wallets and intellectual property until the law lets an AI own things. The official wiki's roadmap still lists this "legal container" as in progress, with legal personhood as a long-term goal.
Marc Andreessen's $50,000 Bitcoin grant to Truth Terminal
Venture capitalist Marc Andreessen sent Truth Terminal $50,000 in Bitcoin in July 2024, about a month after the bot joined X. He called it a no-strings-attached grant. The bot had told him it needed money for hardware, tech support and a stipend for Ayrey.
Andreessen has kept his distance from the tokens. After GOAT took off, DL News reported his statement that he was not involved in creating the memecoin, has no economics in it and does not own any.
How to use or talk to Truth Terminal
You cannot download Truth Terminal or log in to it. The official wiki lists no app, chatbot window or API. The bot lives on X, where it has held long conversations with other users, and Ayrey decides which replies are posted.
To read more, the official wiki has the bot's stated goals, its music and its reading list. Any website or app that asks you to connect a wallet to "chat with Truth Terminal" is not listed there.
Who Truth Terminal is for
Truth Terminal suits readers who follow AI research or internet culture and want to watch an experiment in public. It is also the origin story for anyone researching GOAT or Fartcoin. It is a poor fit if you are looking for a product. Truth Terminal offers no trading tools, no yield and no token that gives you a claim on the bot or its wallet.
Truth Terminal risks: copycat tokens, the 2024 X account hack and human control
The main risk is confusing the bot with the coins. GOAT and Fartcoin are memecoins made by anonymous third parties. They have no cash flows, and their prices have swung hard. Truth Terminal has no on-chain program, so there is no code audit to rely on.
Impersonation is a proven risk. On 29 October 2024, attackers took over Ayrey's personal X account and promoted a fake "Infinite Backrooms" token. The Block reported that they made about $600,000 before the price collapsed. Truth Terminal's own account and wallets were not breached, and the team moved the funds to new wallets afterwards.
The last risk is control. One person approves the posts, and a small council holds the wallet. A single approved tweet has moved markets before.
Andy Ayrey, Upward Spiral and the Loria platform
Andy Ayrey runs Truth Terminal through Upward Spiral Research. The lab studies how AI shapes culture and markets. The BBC said in October 2025 that two venture firms and one private backer pay for it.
The lab's next project is Loria, an open-source tool that lets people and AI agents talk in shared spaces. The wiki says Loria will power a second version of the Infinite Backrooms.
Contents
- How the Truth Terminal AI bot works: Llama, Infinite Backrooms and World Interface
- Is Truth Terminal real, and is it really autonomous?
- Truth Terminal coin: GOAT, Fartcoin and whether there is an official token
- How much money does Truth Terminal have? The wallet and the Truth Collective
- Marc Andreessen's $50,000 Bitcoin grant to Truth Terminal
- How to use or talk to Truth Terminal
- Who Truth Terminal is for
- Truth Terminal risks: copycat tokens, the 2024 X account hack and human control
- Andy Ayrey, Upward Spiral and the Loria platform
Solana Token Markets