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A memecoin created using OpenAI’s chatbot ChatGPT has skyrocketed in value, reaching a valuation of $638 million in just three months . Named Turbo, the memecoin was developed by digital artist Rhett Mankind, who utilized GPT-4 to design the concept, tokenomics, and the smart contract. The project began with a modest budget of $69 and has since evolved into a popular memecoin in the crypto space. On May 28, Turbo’s price surged to an all-time high of $0.009302, boosting its market capitalization to approximately $638 million, according to CoinGecko . Picks for you Bitcoin trader reveals exit strategy: ‘Retail will provide our exit liquidity’ 2 hours ago Solana price prediction as new update changes network fees dynamics ...

The hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow. The latest hype around Bitcoin (BTC) Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months , according to JAN3 CEO Samson Mow.  “These guys are basically paying massive amounts of fees that go directly to Bitcoin miners, and there is no way this can be sustained," Mow said in an exclusive interview with Cointelegraph.  "They will fade away after even months , let's not talk about years here," he continued.  Growing activity around Ordinals and BRC-20 – a crypto technology that allows users to mint fungible and non-fungible tokens on the Bitcoin blockchain – is the main cause provoking a spike in transaction fees, which resulted in the congestion of the Bitcoin network. Related: Bitcoin BRC-20 token standard becomes new destination for meme tokens While many members of the Bitcoin community se...