PANews reported on November 15 that according to the Gate.io Innovation Zone market, SHOGGOTH (Shoggoth) rose by 42.52% in 24 hours and is now quoted at $0.12115. Today, its market value exceeded $140 million, setting a new record high. Shoggoth is an AI octopus image in a science fiction story. It captures the most essential weirdness of the era of artificial intelligence and was once selected by the New York Times as the most AI meme. SHOGGOTH will be launched on the Gate.io Innovation Zone on October 27, 2024.

It is understood that the Gate.io Innovation Zone combines the advantages of spot trading and on-chain trading, aiming to create a new model for cryptocurrency trading. By simplifying the operation process, the Innovation Zone can significantly reduce the technical threshold for users to participate in on-chain projects. There is no need to operate Web3 wallets and manage private keys. You only need to use the Gate.io account to easily play with hot projects on the chain and accurately capture early investment opportunities.

SHOGGOTH's 24-hour increase reached 42.52%, and its market value exceeded 140 million US dollars