Turbo (TURBO), an AI-generated memecoin, has soared 1,460.31% in the past 30 days, reaching a market cap of over $500 million. Its remarkable growth is linked to its unique creation and the rising interest in AI-driven projects within the crypto community.

Digital artist Rhett Mankind used GPT-4 to create Turbo, developing the concept, tokenomics, and smart contract with a starting budget of just $69. The project's transparent creation process, shared with the community, has enhanced its appeal.

Rhett Mankind explains, “I’ve aimed to decentralize everything. I’m not in control, which is why it’s thriving. The community is implementing ideas better than I could.”

Previously, TURBO hit a $50 million market cap before dropping to around $34 million. Since then, it has surged 2,550%. Turbo’s price recently reached $0.0088, with a 24-hour trading volume exceeding $500 million, reflecting significant market activity and investor interest.

Turbo's rise is due to memecoin excitement, increased trading, and its innovative use of AI. It has no utility beyond its price, as outlined in its four-page whitepaper. The community-driven approach, tax-free transactions, and renounced contract ownership have boosted its popularity. Turbo has 54,500 followers on X, and its market cap recently hit $618 million with a 30.96% increase in the past 24 hours.

Traded on exchanges like MEXC, Gate.io, and OKX, Turbo’s liquidity and trading volume have bolstered its market presence. Its circulating supply is 69 billion TURBO.

Turbo’s success highlights the potential for AI-driven projects in the crypto community. Its future will depend on community engagement and market trends. Despite its rapid ascent, Turbo's primary utility lies in its price action, distinguishing it from more established cryptocurrencies like Ethereum and Bitcoin.