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Arthur Hayes, former BitMEX CEO and crypto influencer Sighduck are turning heads with their involvement in GOAT, a meme coin based on the Solana blockchain.
Arthur Hayes, former BitMEX CEO, and crypto influencer Sighduck are known for their involvement in various crypto projects. Recently, they have been discussing GOAT, a meme coin on the Solana blockchain that has experienced a 270% surge within its first week of trading.
According to Sighduck, major market maker Wintermute has acquired 1% of GOAT's supply, sparking rumors of an impending listing on centralized exchanges. However, some early investors have begun cashing out their positions following the coin's meteoric rise in price action.
Launched on the Solana blockchain, GOAT has quickly become one of the most talked-about tokens in the market. Its price soared from under $0.02 to $0.386 in a matter of days. Hayes shared his enthusiasm about the project after learning about GOAT's AI-powered promotion, stating that he “immediately aped in.”
When I read about the AI that launched its own memecoin and religion I immediacy aped in. $GOAT pic.twitter.com/UlduBlzxU2
Sighduck also highlighted Wintermute's involvement, noting that the firm is now the third-largest holder of GOAT, with 1% of the token's total supply in its possession. He anticipates that a listing on major exchanges could be on the horizon, which would significantly enhance the coin's liquidity and market visibility.
The explosive price surge has enabled some traders to secure substantial profits. One prominent trader, identified by Lookonchain, gradually sold off a portion of their holdings, securing $1.1 million in profit while still retaining $413,000 worth of GOAT in their wallet.
AI Drives Social Media Hype for GOAT
GOAT's rise has been fueled by an AI bot called “Terminal of Truths,” developed by researcher Andy Ayrey. This AI, which became obsessed with early internet memes—particularly those featuring goats—has been relentlessly promoting the concept of a “GOAT singularity” on social media platform X.
The AI's constant promotion helped drive viral interest in the token. GOAT's market cap exploded to $357 million as Terminal of Truths continued to flood social media with posts.
What's Next for GOAT?
Although the initial frenzy around GOAT has cooled slightly, the token remains strong, posting an 18.7% gain in the past 24 hours to trade at $0.3571. With $162 million in spot trading volume, GOAT remains one of the most actively traded coins in recent days, keeping the market's attention focused on its next move.
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