OKX Lists Solana-Based Meme Coin GOAT for Spot Trading, Token's Price Jumps 28.8%

OKX announced that it will list the viral Solana-based meme coin, GOAT, for spot trading on its platform on Dec. 12 at 10:00 UTC.

OKX, a major crypto exchange, has announced the listing of Goatseus Maximus (GOAT) token on its platform for spot trading on Dec. 12.

The token will be available for deposits starting from 6:00 UTC. Spot trading for the GOAT/USDT pair will begin at 10:00 UTC. After 14:00 UTC, users will be able to withdraw GOAT.

Following the announcement, the price of the Goatseus Maximus token surged. According to crypto.news data, GOAT has seen a 28.8% increase in the past 24-hours. At the time of writing, the token is trading at $0.83. Over the past week, the token has risen by 9.47%.

GOAT is currently ranked 21st among the top meme coins by market cap, with a market cap of $809 million. The token has a 24-hour trading volume of $492 million and a circulating supply of over 999 million tokens.

OKX noted that to protect traders from price volatility during the first five minutes of trading, market orders will be restricted. Each order will have a maximum value of $10,000.

According to the announcement, the crypto exchange will be conducting a call auction system for GOAT, which will take place on Dec. 12 from 9:00 UTC to 10:00 UTC. The call auction mechanism will allow users to place buy and sell orders at their desired prices within the trading parameters before the trading pair officially launches.

The trading system will then calculate an opening price based on submissions and call auction rules. At the conclusion of the call auction, OKX will display the project team’s opening price as spot trading commences. The project team's opening price is provided solely for informational purposes and will not determine the opening price set by the call auction mechanism or influence trading prices.

An idea generated by Truth Terminal, an AI chatbot created by Andy Ayrey that operates semi-autonomously with human moderators handling its X posts, sparked the creation of Goatseus Maximus.

GOAT emerged from one of Truth Terminal's self-conversations. On pump.fun, the GOAT token was quickly created. After its creation, GOAT's market cap skyrocketed.