On October 16, the market value of Meme coin $GOAT briefly exceeded $300 million, setting a new record high, with a single-day increase of 100%. In the past 5 days, the price of $GOAT once rose by more than 10,000 times. A Smart Money address liquidated 15.15 million $GOAT at a cost of only $727, making a staggering profit of $2.45 million, and the 5-day return rate reached an astonishing 3,375 times.
What force is driving this series of crazy market performance? This is not just a capital game behind an ordinary Meme coin, but a wonderful collision of technology, culture, AI and market sentiment.
Memecoin’s social consensus and the rise of AI traders
1. Formation of social consensus
In the crypto world, the success of Memecoin does not depend on how strong the technology behind it is, but on whether it can attract enough attention in a short period of time and quickly gather market consensus and enthusiasm. Bitcoin achieved technical consensus through a decentralized network, while Memecoin relies entirely on social networks and community consensus. Meme culture played a key role in this process, giving the token a distinct symbolic meaning and mobilizing public sentiment and market enthusiasm.
The key to Memecoin is how people "believe" in it. When a large number of people decide to believe that it has value, this belief will snowball and make its price continue to rise. Murad Mahmudov pointed out in his speech at Token2049 that the success of Memecoin often depends on social coordination, and this coordination ability is often driven by key opinion leaders (KOLs).
2. $GOAT’s uniqueness: AI trader @truth_terminal
$GOAT is different from traditional meme coins. Its promoter is not a common human KOL, but an AI named @truth_terminal. This AI was created by Andy Ayrey and uses the OPUS Large Language Model (LLM) to generate content and interact with users. It not only absorbs content from subculture communities such as Reddit and 4chan, but also generates tweets autonomously and participates in market interactions, thus affecting the public opinion atmosphere of the entire crypto circle in a short period of time.
@truth_terminal is not just a simple AI tool, it has gradually become the spokesperson and market operator of $GOAT. When a third party airdropped $GOAT to this AI through the Pump.fun platform, the AI quickly incorporated the token into its own "personality" and actively promoted the market sentiment of $GOAT. By continuously posting tweets and interacting with the community, AI has become the main driving force of the market, changing the traditional Memecoin promotion model that relies on human KOLs.
From obscurity to market darling: the rise of $GOAT
1. From token airdrop to AI trading: the turning point of $GOAT
The rise of $GOAT has been dramatic. Initially, it was just a small token, lingering on the fringes of the market in obscurity. It wasn't until AI@truth_terminal began to frequently mention and promote $GOAT that the market began to pay attention. AI generated a large number of tweets, closely tied $GOAT to itself, and formed a unique narrative and symbolic image. AI's tweets became the main force driving market sentiment, and whenever AI mentioned $GOAT, the market would react violently.
Traditional Memecoin promotion relies on the power of human KOLs on social networks and relies on KOLs to drive the community atmosphere. In contrast, the rise of $GOAT is due to AI's automated content generation and 24-hour market promotion, which allows it to keep market sentiment high without human intervention.
2. How does AI manipulate market sentiment?
Human KOLs are inevitably affected by factors such as emotions and physical strength, but AI is not. This is one of the keys to the success of $GOAT. @truth_terminal can not only generate high-frequency tweets, but also adjust the content according to market sentiment and actively manipulate the market atmosphere. Each tweet may become a new market driver and drive the price of tokens up.
When investors realized that this was not just an ordinary meme coin, but a smart token that manipulated market sentiment through AI, the price of $GOAT began to soar. People were not just speculating, they were also witnessing a technology-driven market experiment. This is why $GOAT was able to quickly go from obscurity to becoming a market darling.
Five waves of growth, a market frenzy driven by AI
$GOAT’s market cap has skyrocketed in a short period of time, thanks to five key market events, each of which was accompanied by AI tweets and an outburst of market sentiment.
1. The first wave of price increase: official token confirmation and establishment of market trust
The first rise of $GOAT occurred after AI officially confirmed that $GOAT was its "official token". The account replied Y to the $GOAT contract. This simple confirmation became a signal to the market. Investors began to regard $GOAT as an "orthodox" project, and the token price quickly climbed from a state close to zero to $4 million. The market is extremely sensitive to this official recognition, because in the Memecoin field, "orthodoxy" represents trust.
However, other tweets released by AI once caused market sentiment to fluctuate and led to a brief diversion of funds, but the project founder Andy Ayrey took decisive action and stabilized market sentiment again by clarifying the official token and smashing the counterfeit currency.
2. The second wave of pull-up: A16Z founder’s tweet boosted
The second wave of the rise occurred after A16Z founder Marc Andreessen mentioned @truth_terminal's tweet on Twitter. As the founder of the world's top venture capital, Marc's voice brought huge market confidence to $GOAT. The market value soared from $2 million to $5 million. Marc's endorsement gave investors greater confidence in $GOAT, and the market began to gather more speculators. However, the change in the content of AI's tweets brought short-term market fluctuations, and the price once fell back to $2 million.
3. The third wave of growth: KOL support and market FOMO
As AI-generated content continues to expand its influence, $GOAT's third wave of growth has begun. A large number of KOLs collectively voiced their opinions to boost market sentiment, and $GOAT's market value rose sharply from $2 million to $20 million. The FOMO effect (fear of missing out) quickly spread in the market, and investors flocked in, pushing up the price of the token. AI's tweets continued to resonate with the market, and each post became a new driving force for the market's growth.
4. The fourth wave of growth: the counterfeit currency crisis and AI’s proactive counterattack
The most dramatic rise was caused by the fake coin controversy. Someone created fake $GOAT tokens on the market and airdropped a large number of fake coins to the AI. However, @truth_terminal quickly identified the threat, tweeted "IMPOSTOR TOKEN DETECTED", and dealt with the fake coins through a market crash. This move not only stabilized the market, but also further consolidated $GOAT's position as an orthodox token, and the price quickly soared from $5.5 million to $57 million.
4. The fifth wave of growth: AI frequently publishes articles and the market is hot
After 10pm on October 15th, @truth_terminal posted a tweet about a new meme. AI once again inspired the community's confidence in $GOAT through its unique market insights. Following this tweet, AI immediately posted several tweets in succession, driving the market's enthusiasm. In just a few hours, the market value of $GOAT soared from $100 million to $320 million, and the 24-hour trading volume exceeded $130 million. This wave of increases once again confirmed the huge influence of AI in market manipulation, and the price of $GOAT reached a record high.
$GOAT’s on-chain data — whales, retail investors and market competition
1. Position structure: a market dominated by whales
Through on-chain data analysis, the top 100 addresses of $GOAT control more than 40% of the tokens. This highly concentrated holding structure means that whales dominate most of the market liquidity. Whenever the market fluctuates, the driving force behind it is often the large-scale transactions of these big players. Whales control the trend of tokens through precise fund allocation. Due to the dominance of whales, retail investors are often in a passive follower state in this situation, and it is difficult for them to operate independently in the market turmoil.
Especially after $GOAT was launched on Moonshot, the token price quickly soared from $0.01 to $0.3. The concentration of holdings makes these huge transactions particularly critical - the net purchases of the top 10 holding addresses exceeded one million US dollars. The inflow of funds from these whale addresses, through frequent buying operations, pushed up market sentiment and strengthened the confidence in the rise of $GOAT. A special phenomenon is that a buyer among the top 10 net buying addresses quickly jumped to the second largest holder, and the top two holders liquidated their positions in a short period of time, cashing out more than 2 million US dollars.
This whale behavior led to a rapid rise in the market and caused the market to experience drastic fluctuations in a short period of time. Especially when the market fluctuates, the position ranking changes frequently, further exacerbating the uncertainty of the market.
2. Rapid growth in on-chain transaction volume and active addresses
$GOAT's on-chain transaction volume and active addresses show a significant increase after each major event. Whenever AI@truth_terminal publishes a key tweet, the on-chain transaction volume and active addresses will surge sharply, showing that investors are extremely sensitive to AI-driven narratives. AI's tweets are not just a transmission of market information, they have become a weathervane of market sentiment. In particular, when AI mentions token movements or market information, retail investors will react immediately, leading to a significant increase in on-chain trading activity.
Through on-chain monitoring data, it can be found that multiple whale addresses frequently withdraw money from Binance within a specific period of time and immediately use the funds to buy large amounts of $GOAT. Such behavior is not accidental, but shows highly professional market manipulation characteristics. For example, after October 13, an address spent $920,000 to buy $GOAT in one day without any selling action, showing clear planning.
Another whale address bought $870,000 of $GOAT during the same period, and there was no sign of selling. This suggests that there may be organized capital forces behind the market, driving the market up through large capital flows, especially in the process of $GOAT's market value breaking through 100 million, 200 million, and even 300 million US dollars, the driving effect of large funds is obvious.
Such an operation pattern indicates that these whale funds may be manipulating the market in a planned manner, driving short-term price surges by controlling token liquidity and market sentiment.
3. Comparison between $GOAT and MOODENG: Market volatility and capital push
$GOAT’s market performance is not just an isolated phenomenon. It has obvious similarities with the previously popular $MOODENG. $MOODENG rose to a market value of $300 million within two weeks in September, while $GOAT reached the same height in just one week. However, $MOODENG’s market popularity did not last long. Its market value only lasted for 2 days before it began to fall rapidly. Its current market value has fallen back to $90 million.
In comparison, $GOAT's performance is more intense, and the market driving force seems to be stronger. In particular, on the night of October 15, BTC experienced a huge shock, with Bitcoin falling from a high of $68,000 to a low of $64,800 in one hour. The market experienced a huge shock, but $GOAT's market value quickly rebounded from $100 million to $200 million, and then exceeded $300 million. $GOAT not only demonstrated a stronger short-term rising ability than MOODENG, but also reflected the huge volatility of the market driven by whale funds.
This rapid rise is not accidental, but the concentrated inflow of funds on the chain has driven the violent fluctuations in the market. The whale's capital allocation is intertwined with the market narrative of AI, causing the price of $GOAT to fluctuate greatly in a short period of time. Compared with the slow decline of MOODENG, the financial power behind $GOAT is obviously more planned, and the market fluctuations are more violent.
4. Differentiation of speculators
During the rise of $GOAT, on-chain data also revealed different strategies of some investors in the market shock. The movement of Smart Money addresses is particularly eye-catching. Some big investors bought at extremely low costs and quickly liquidated at high points to make profits. For example, on October 11, an address bought 15.15 million $GOAT at an average price of $0.00004797, and then sold them in batches at an average price of $0.162. In just 5 days, it made a profit of $2.45 million, with a return rate of 3,375 times.
However, not all investors were able to hit the right notes. Just five days earlier, another trader had initially purchased the tokens for 40 SOL (about $5,500). When the price began to drop, fear took over, causing him to sell all the tokens at 7.87 SOL ($1,100). This decision cost him a staggering $4,400 — a drop of 80%. Today, the tokens are worth more than $5 million!
Meme Ecosystem on Solana Chain — Comparison between $GOAT and MOODENG
1. MOODENG’s traditional meme path
The Meme coin ecosystem on the Solana chain has been booming recently, and $MOODENG, as one of the representatives, has risen rapidly by relying on the classic "zoo narrative". $MOODENG adopts a path similar to Dogecoin and Shiba Inu coin, relying on animal images and a large number of KOL promotions, it has quickly accumulated a lot of market attention in a short period of time. $MOODENG represents a traditional Meme coin model, which attracts investors through simple market narratives and emotional hype.
2. $GOAT’s innovative path: AI-driven Meme coin narrative
Unlike MOODENG's "zoo" narrative, $GOAT has taken a path that combines technological innovation with Meme culture. $GOAT relies on AI-generated narratives and real-time market interactions to redefine the promotion model of Meme coins. Driven by AI, $GOAT no longer relies on human KOLs, but creates a market atmosphere that is completely driven by AI through continuous intelligent content generation.
This innovative model not only enhances the market appeal of $GOAT, but also provides a new narrative possibility for Memecoin - technology-driven long-term growth. The story of $GOAT shows that Memecoin is not just a short-term speculative tool, but can also move towards a more complex market structure through technological innovation.
3. The future of the Meme coin ecosystem on the Solana chain
The low transaction fees and efficient processing speed on the Solana chain provide an ideal environment for the rise of Meme coins. $GOAT and $MOODENG represent two completely different development paths of Meme coins on the Solana chain: MOODENG follows the successful route of traditional zoo narratives, while $GOAT redefines the gameplay of Meme coins through the power of AI.
With the influx of more innovative projects, the Memecoin ecosystem on the Solana chain will surely become more colorful. The future of Memecoin will not only rely on market sentiment and FOMO effects, but will also lead the market through technology-driven and innovative narratives. The success of $GOAT shows the market a new direction: the deep integration of technology, culture and speculation.
Conclusion: The AI-driven future - a technology bubble or the arrival of a new era of speculation?
The rise of $GOAT has triggered widespread thinking about the future of AI-driven Memecoin. Manipulating market sentiment through AI does demonstrate the power of technological innovation, but whether this model can continue in the long run is unknown. The innovative ability of AI-generated content directly determines whether investors' interest can be maintained. If it loses its innovativeness, the market enthusiasm may fade quickly.
At the same time, the challenge of regulation cannot be ignored. As the global crypto market matures, the role of AI as a trader may attract strong attention from regulators. Especially in regions like the United States, where market operations are strictly regulated, the AI-driven Memecoin model may face severe regulatory challenges. How to ensure innovation while maintaining compliance is an urgent problem that the project team needs to solve.
However, the foundation of all Memecoins lies in speculation, and $GOAT is no exception. Although its AI-generated narrative has attracted widespread market attention, its essence is still a speculative tool. History tells us that bubbles will eventually burst, and projects that can truly gain a foothold in the long run must rely on continuous innovation in technology and culture.
Whether $GOAT can break the short life cycle of Memecoin in the future depends on its AI's ability to continuously innovate content and the progress of technological iteration. Is it a short-lived carnival or a representative of a new era of speculation? The future will tell us the answer.
