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OOY will officially launch the GOATUSDT perpetual contract at 5:00 pm on October 24, 2024
According to The Data Nerd on October 24, 13 days ago, a trader known as "smart money" suCNW exchanged 450 $SOL (about $63,700) for 8.49 million $GOAT. Subsequently, he sold a total of 5.55 million $GOAT, making a profit of $2.41 million, with an actual profit of about $2.34 million.
Currently, the trader still holds 2.94 million $GOAT, with a market value of approximately $2.1 million. The total return on investment (ROI) is approximately 6,940%.
The GOAT's path forward
GOAT has attracted the attention of many whales. They have placed large bets on GOAT coins, expecting it to bring rich returns. Currently, GOAT is heading towards the goal of $1, trying to challenge other popular meme coins.
GOAT holders have made considerable profits since its launch. In the past few days, GOAT has continued to soar, becoming one of the most profitable cryptocurrencies this week. At the same time, the bulls remain strong, providing strong support for the further rise of GOAT coins.
GOAT's rise is no accident. From the beginning, it was promoted by the AI robot Truth Terminal. As the price of GOAT skyrocketed, Truth Terminal also became the first AI robot to become a millionaire by promoting the meme coin. Since October 15, 2024, GOAT's price has soared 516%, which shows its popularity. As a result, many crypto whales began to sell other holdings and buy GOAT instead.
However, GOAT's journey has not been smooth sailing. Some time ago, due to doubts about the authenticity of Truth Terminal's X post, the price of GOAT coin fell sharply by more than 50%. But then, the developer promptly clarified that the spelling error was due to the predictive nature of the LLM model. This clarification allowed the price of GOAT coin to resume its upward trend.
So, will GOAT coin rise to $1 soon? Judging from its recent performance, GOAT has the potential to rise further. The demand remains strong, and despite a previous sharp drop, whales are still actively buying more GOAT. Skirt: bin_11200
Whales bet big on GOAT
Lookonchain further noted that the whale has so far spent 10,313 SOL, worth $1.72 million, to purchase 4.5 million GOAT tokens at an average price of $0.383.
However, the whale still has 4,096 SOL in his wallet, worth $682,000, which can be used to further accumulate meme coins.
After this major purchase, the price of GOAT surged by more than 34% in the past 24 hours. The memecoin is trading at around $0.68.
In addition, GOAT's listing has also brought more attention to it. As top cryptocurrency exchanges have listed GOAT coins, other exchanges are expected to follow suit, further driving the price of GOAT coins up. However, due to the strong buying pressure, GOAT may also go through a period of consolidation. The next four months will be crucial to understand its price trend.
GOAT continues to create new highs as an AI MEME coin, and its final market value is likely to be higher than that of ORDI last year. It has not yet been listed on Binance, but its market value has reached $600 million. If Binance lists GOAT, it will easily exceed $1 billion.
Judging from the current trend, GOAT is expected to continue to rise and challenge $1. However, investors still need to be cautious and make reasonable investment decisions based on their own risk tolerance and market conditions.
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