The whale investor, who has gained significant traction with $GOAT, recently sold off a substantial portion of their holdings, leading to notable market fluctuations.
After initially investing $7.5 million to acquire 22.48 million $GOAT at a purchase price of $0.334, the whale capitalized on market conditions yesterday, offloading 9.23 million $GOAT tokens—an equivalent of $7.13 million.
This action included an on-chain sale of 6.7 million $GOAT for $5.18 million at a price of $0.773, along with depositing 2.53 million $GOAT (valued at $1.95 million) into Gate.io.
The whale’s strategic moves have generated total profits exceeding $9 million and left them with 13.25 million $GOAT, currently valued at $9.7 million.
The giant whale with more than $9M profit on $GOAT sold 9.23M $GOAT($7.13M) yesterday!
The whale initially spent $7.5M to buy 22.48M $GOAT at $0.334.
17 hours ago, he started selling $GOAT, selling 6.7M $GOAT($5.18M) at $0.773 on-chain and deposited 2.53M $GOAT($1.95M) into… pic.twitter.com/9MQHUtuzIj
— Lookonchain (@lookonchain) October 25, 2024
The surge in $GOAT, largely fueled by AI-driven promotion, recently propelled its market cap to an impressive $800 million. However, the whale’s sell-off influenced a price drop in the token, impacting the broader sector as several other coins also saw declines, some exceeding 80%.
Binance Futures And Memecoins Expansion
Meanwhile, Binance Futures is fast expanding its offerings in meme coins, a trend increasingly resonating with retail traders. $GOAT is now featured alongside other popular tokens in the Binance Futures lineup, reflecting the exchange’s rapid adoption of meme coins. The latest roster spans various chains, featuring: – ETH: $NEIRO – SOL: $POPCAT, $MYRO, $MEW, $GOAT, #MOODENG – BSC: $CAT – Base: $BRETT – BTC: $RATS
🚀 Binance Futures Memecoins Awaiting Spot Listing
In just a month, Binance Futures' meme coin lineup is growing fast! Now featuring $BSC. Here’s the latest:
✅ Memecoin Highlights:– ETH: $NEIRO– SOL: $POPCAT, $MYRO, $MEW, $GOAT, #MOODENG– BSC: $CAT– Base: $BRETT– BTC:… pic.twitter.com/zy1DQKt4tt
— HC – Capital (@hc_capital) October 25, 2024
As memecoins continue to attract attention, traders are closely monitoring market responses and anticipating potential spot listings for these trending assets.
The $GOAT token’s recent volatility serves as a reminder of the risks and rewards inherent in the burgeoning meme token space.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: phongphan/123RF // Image Effects by Colorcinch
The post Whale’s $GOAT Token Sell-Off Nets Over $9M In Profit, Impacting Market As Binance Expands Memecoin Futures appeared first on The Merkle News.
