Meme Coins MOODENG and GOAT Continue to Make Headlines, Netting Traders Handy Profits Amid Continuing Rallies

On-chain analytics provider Lookonchain highlighted a trader buying 2.77 million MOODENG for 1300 Solana SOL/USD, selling it for 2109 SOL and netting $140000 (809 SOL).

Meme coins Moodeng (MOODENG/USD) and Goatseus Maximus (GOAT/USD) continue to dominate headlines, with both coins helping traders secure impressive profits amid ongoing rallies.

On-chain analytics platform Lookonchain highlighted a trader who purchased 2.77 million MOODENG for 1,300 Solana (SOL/USD), which was then sold for 2,109 SOL, netting the trader a quick $140,000 (809 SOL). A similar strategy was employed the previous day for GOAT, where a trader quickly made 99 SOL, which amounts to $17,000, following Binance’s announcement regarding the perpetual contract listing for both coins.

This incident showcases the potential for profits — and risks — involved in trading newly listed assets on major exchanges like Binance. However, this strategy also carries significant risks, as the value of newly listed cryptocurrencies can experience extreme volatility.

As covered recently by Benzinga, both Moodeng and GOAT have soared to new all-time highs amid a wave of buying pressure and anticipation of their perpetual contract listing on Binance.

Following the recentالاتاحة الدائمة لمشروع العملة الرقمية meme perpetual contracts on Binance, both Goatseus Maximus (GOAT/USD) and Moodeng (MOODENG/USD) enjoyed impressive rallies.

However, both meme coins have seen some pullbacks from their record highs. Crypto trader CryptoBull 360 highlighted Moodeng’s strong breakout from its falling wedge resistance with the Binance perpetual announcement. The coin’s rising volume and momentum are making it a subject of traders’ close attention, given its potential for further growth.

Astronomer Zero, on the other hand, noted GOAT’s 33% drop from its all-time high, adding, "The price levels, timing, and sentiment suggest it needs a longer correction, which is why I sold above $0.8." Despite the current downtrend, he remained optimistic about GOAT’s ability to reach new peaks, viewing sub-$0.3 as a possible entry point for another rally to all-time highs in the future.

Benzinga Pro subscribers can explore the influence of meme coins further at Benzinga’s Future of Digital Assets event on Nov. 19, which will feature deep dives into meme coins, NFTs, DAOs, and Web3.