An Anonymous Crypto Investor Turns $86K into $3.9M by Betting on the Goatse Memecoin

In another fabulous story from the crypto market, an investor has realized a staggering 3,360% return, transforming an initial investment of $86,000 into approximately $3.9 million.

An unidentified crypto investor has realized a staggering 3,360% return on an initial investment of $86,000, thanks to the memecoin Goatseus Maximus (GOAT). According to an analysis by Lookonchain, the investor allocated 603 SOL (around $86,000) to purchase 10.7 million GOAT tokens six days ago. At its peak, this investment was valued at $3.75 million.

Over the past eight hours, the investor has sold 0.7 million GOAT tokens, converting them back into 1,453 SOL ($222,000), leaving them with 10 million GOAT tokens, currently valued at around $2.74 million.

The investor also made a separate investment of $182,000 in 7.3 million BILLY tokens, which they sold four months later for $593,000, yielding a 226% return. Thus, the anonymous crypto investor made a total profit of $3.291 million from both trades.

The memecoin GOAT has generated immense enthusiasm within the crypto community. While it was initially created by an anonymous developer using Solana’s memecoin creation app, Pump Fun, GOAT's virality was largely influenced by Andy Ayrey's AI bot, Truth Terminal.

Ayrey, a digital innovator, created Truth Terminal as an experiment in memetic engineering rather than crypto creation. The AI, trained on Meta’s Llama 3.1 model, engaged in conversations across platforms like X, Reddit, and 4chan, eventually becoming fixated on the Goatsee meme—a well-known early internet shock image.

These interactions played a role in the creation of the GOAT memecoin, which launched on October 13 and quickly reached a market capitalization of $360 million within four days. As per the latest data, GOAT’s market cap has decreased slightly to just over $335 million, with the token trading at approximately $0.33.

Commenting on GOAT's success, Andy Ayrey stated, “This isn't a crypto project; it's a study in memetic contagion and the tail risks of unsupervised infinite idea generation in the age of LLMs.” He added, “This memecoin taking off is proving a thesis I'm building an AI alignment and safety company around; which is where the bulk of my skin in the game lies.”

notably, Marc Andreessen, co-founder of Andreessen Horowitz, initially provided a $50,000 Bitcoin grant to Truth Terminal for independent AI research. Amid the GOAT token surge, Andreessen clarified his non-involvement with the memecoin: “For clarity, I sent a personal $50K no-string-attached unconditional research grant to Truth Terminal and its creator Andy Ayrey this summer […]. However, I have nothing to do with the GOAT memecoin. I was not involved in creating it, play no role in it, have no economics in it, and do not own any of it.”

GOAT's rapid rise and subsequent stabilization highlight the continuing enthusiasm among crypto traders for high-risk, high-reward memecoins over those valued for their fundamental utility. At the same time, Truth Terminal's role as a catalyst in GOAT's success demonstrates the significant impact that AI-driven narratives can have on digital asset valuations.

At press time, GOAT was trading at $0.3520.