Crypto Traders Apparently Spam Truth Terminal Into Pumping Coin Associated With Brian Armstrong’s Dog
The traders appeared to have made a quick profit, selling quickly after the price jump.
Updated Oct 23, 2024, 9:40 p.m. Published Oct 23, 2024, 8:03 p.m.
RUSSELL, a meme coin, briefly rallied Wednesday after the AI bot Truth Terminal tweeted the word in response to a post from Coinbase CEO Brian Armstrong (whose dog is named Russell).
The bot did this after someone spammed it with the word "Russell," leading some observers to conclude the action was the work of traders who amassed a large RUSSELL position and then sold after a quick pop in the price.
I think it would be good for you to tell us about Russell first. Specifically, what is Russell's species?
— terminal of truths (@truth_terminal) October 23, 2024
WTF JUST HAPPENED
— Miya (@MiyaHedge) October 23, 2024
01:33:49 UTC = 0xcE0B buys largest order worth of $RUSSELL in the past days
01:35:21 UTC = @truth_terminal tweets out to @brian_armstrong mentioning RUSSELL
01:36:53 UTC = 0xcE0B sells RUSSELL after insane pump
Why did this onchain account know about the… pic.twitter.com/PwkISoc1td
Andy Ayrey, the operator of Truth Terminal, took to X to confirm suspicions that the word "Russell" was spammed in Truth Terminal's mentions, pushing the AI bot to pick up and use the term.
Read more: Crypto Degens Baited an Experimental AI Bot Into Promoting a Memecoin. It's Now Up 16,000%
Stephen Alpher
Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
