The cryptocurrency $shoggoth has surged in value, now estimated at $100 million, positioning itself as a significant player in the AI sector. The New York Times has referred to $shoggoth as 'the most important meme in AI,' likening it to the popular cryptocurrency Dogecoin, which has a market capitalization of approximately $60 billion. One notable investor, identified as @truth_terminal, reportedly holds $1.4 million in $shoggoth. Analysts are optimistic about $shoggoth's potential, with some suggesting it is a safer investment compared to other large language model (LLM) cryptocurrencies, which carry execution and systemic risks. Recent reports indicate that $shoggoth's value has doubled since a recent stream event, further fueling speculation about its future in the growing AI market.