Goatus Maximus (GOAT): The $700 Million Memecoin’s Meteoric Rise Raises Questions

If you’re even remotely investing or trading memecoins, you’ve likely heard about the newest sensation in this crypto sector – GOAT memecoin.

A new memecoin, dubbed GOAT ($GOAT), has seen its market capitalization飆升surge to over $700 million after a massive pump over the last couple of weeks since launching on the Solana network.

As memecoins continue their takeover of the crypto market, leaving many baffled by their ability to pump to astronomical heights, another project has managed to seamlessly integrate itself into the narrative — leaving many to wonder what exactly is behind the $700 million memecoin.

Let’s dive deeper into the GOAT phenomenon and uncover some interesting details about this project’s background.

Birth of GOAT: Where AI Meets Meme Culture🔎

The story of GOAT begins with an unusual premise — allowing unrestricted artificial intelligence conversations to lead to the creation of what is known as the “GOATSE OF GNOSIS.” The name cleverly combines “GOAT” (Greatest of All Time) with a reference to early internet culture.

What truly sets GOAT apart from the typical memecoin narrative is how it is founded on an AI-crafted “meme religion.” The project’s initiator, going by the handle Ayrey, worked with an AI to create a paper on memetic religions and went on to create an AI bot called Truth Terminal.

The bot’s main goal? To create meme content and promote the coin on X (formerly Twitter), where it spread the concept of “GOAT singularity” and built a belief system around the token.

Community Growth and Red Flags

The coin’s launch can be traced back to an anonymous user on Pump.fun, a platform that is known for its viral crypto launches.

Taking the AI bot’s content and running with it, the user helped build what is now being referred to as the “Gospel of Goatse” community.

The AI bot’s constant promotion has created what appears to be an echo chamber, where artificial amplification drives the community sentiment.

While notable figures like venture capitalist Marc Andreessen have shown interest in the project, their attention seems more focused on the AI and cultural aspects rather than representing any formal endorsement.

The rapid valuation growth from zero to $700 million in just two weeks mirrors patterns that were seen in previous crypto projects that ended poorly, like BitConnect and Squid Game Token, as also covered by Cointelegraph.

Despite having verifiable token information, the combination of anonymous development, AI-driven promotion and explosive growth raises significant concerns.

The project’s structure bears similarities to past speculative bubbles in crypto, where initial excitement led to unsustainable valuations and eventual collapse.