Turbo (TURBO), a memecoin created using artificial intelligence, has experienced a 40% increase in value within the last 24 hours in response to its rising popularity in the United States.

As of the current time, TURBO is being traded at $0.001105, showcasing a growth of over 100% over the previous week. The market capitalization of the coin has now surpassed $70 million, marking a 40% increase, with a trading volume of $37 million in the last 24 hours, demonstrating a 160% surge.

The creator of Turbo Token, Rhett Mankind, utilized GPT-4 to develop the coin's concept with a budget of only $69. The tokenomics, whitepaper, and smart contract code were all generated by AI and then refined with the assistance of the community. Mankind proceeded to launch the token's website, establish its X account, and deploy the token, establishing a liquidity pool.

However, due to limited initial funding, a bot swiftly purchased the pool. This prompted Mankind to seek alternative funding options through community crowdfunding.

Under the new structure, a total of 69 billion tokens were created, with 9 billion held by Mankind and the remaining 50 participants contributing through crowdfunding. The highest individual pledge ranged between $200 and $300 in Ethereum (ETH), successfully raising a total of $6,669.

Currently, TURBO is listed on more than 30 cryptocurrency exchanges, including OKX, Gate.io, HTX, and Bitget.

The recent increase in TURBO's value aligns with a 3.7% growth in the memecoin market over the past 24 hours, as well as a 2.3% rise in the global cryptocurrency market. Bitcoin also saw a 3% increase during the same period, reaching approximately $63,300.