Amid the ongoing cryptocurrency market battle, the recently launched meme coin Goatseus Maximus (GOAT) has been making waves with its impressive performance. In addition to the performance, its popularity among whales and investors has increased significantly, leading to a remarkable accumulation in recent days.
Whales’ Big Bet on GOAT
On October 21, 2024, a blockchain-based transaction tracker Lookonchain posted on
According to the data, the whale has so far spent 10,313 SOL, worth $1.72 million, to acquire 4.5 million GOAT coins at an average price of $0.383, leaving 4,096 SOL in the wallet. Given the coin’s rising popularity, it seems likely that the purchase will continue.
GOAT could do 10x, says Arthur Hayes
In addition to the whales accumulation, Arthur Hayes, a popular crypto personality and co-founder of BitMEX, recently posted on X that GOAT has the potential to reach 10X in the coming days. In his post, Hayes mentioned that noted financial influencer and Bloomberg contributor Matt Levine referenced GOAT in his recent report.
Hayes further added that the last time Matt mentioned the WIF meme coin in his report, it triggered a 10x rally in the price.
GOAT’s current price momentum
At the time of writing, GOAT is trading around $0.41 and has experienced a price drop of over 2% in the last 24 hours. During the same period, trading volume fell by 53%, indicating lower participation from traders and investors compared to previous days.
This AI-generated meme coin has seen remarkable social and trading volume, which has been steadily increasing, according to data from on-chain analytics company Santiment. The data shows a significant gain of 190% in the past week, underscoring its future potential.
Many are now speculating whether it could surpass established meme coins like Dogecoin (DOGE) or Shiba Inu (SHIB).