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Cryptocurrency News Articles
Bithumb Lists Goatseus Maximus (GOAT), a Solana-Based AI Meme Coin
Dec 17, 2024 at 08:06 pm
Bithumb, South Korea’s largest cryptocurrency exchange, has finally listed Goatseus Maximus (GOAT), a Solana-based AI meme coin
South Korea’s largest cryptocurrency exchange, Bithumb, has listed Goatseus Maximus (GOAT), an AI meme coin on Solana, and opened trading pairs ranging from the South Korean won to Bithumb coin (BH) on its exchange.
The exchange announced support for GOAT’s trading pairs in Korean won on December 17, and began accepting deposits for the token at 00:00 UTC. According to the exchange’s notice to customers, buying and selling orders will be restricted in the first five minutes of trading.
After being listed on the leading exchange OKX on December 12 and experiencing a 30% increase in value, GOAT’s token price rose slightly by 4% within minutes of the Bithumb listing. However, the token’s price dropped by 1.16% in the hours following the announcement.
Over the last 24 hours, expectations were high for a significant price bump with the new exchange listing for the gateway token GOAT. Despite the muted performance on Bithumb, GOAT remains one of the market’s most volatile AI meme coins.
The token has added 22% over the last week, though it has dropped nearly 42% in the past month.
GOAT was recently displaced from the No. 2 spot as the second-largest AI meme coin by FARTCOIN after its market cap bottomed to $700M. Over the past day, the token has clawed back some ground, with today’s market cap sitting at $709 million and $452 million in 24-hour trading volume.
At the time of writing, GOAT trades for $0.71, or above Bithumb’s base price of 976 won (approximately $0.67).
The original viral meme that spawned Goatseus maximus was called ‘Goatse,’ which gained further steam from the promotion by an AI chatbot named Truth Terminal. After being released, the token will be listed on the pump.fun platform and quickly amassed an impressive market cap.
GOAT’s listing on Bithumb is another major step towards the top exchanges. But in its wake, its recent price activity prompts questions about investor sentiment for and about meme coins among the dizzying competition.
The fate of AMOR will be watched as the token continues to navigate market volatility, showing investors and analysts how well it can maintain momentum.
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