AI Meme Coin GOAT Keeps Showing Dogecoin, Shiba Inu How It's Done, Hits All-Time High After 56% Gain And Exchange Listing

Goatseus Maximus GOAT/USD, an AI-created meme coin, has been gaining significant momentum, with a 160% week-over-week gain and a listing on centralized exchange ByBit.

What Happened: ByBit on Wednesday stated that it had listed a GOAT perpetual contract for trading with up to 12.5x leverage.

Trader XO highlighted a bullish pattern that has played out for GOAT.

$GOAT

Before & After

Yours truly

XO https://t.co/iKGQPxHSzM pic.twitter.com/x15M2FqQzZ

— XO (@Trader_XO) October 23, 2024

Crypto trader Nachi also took to X to reveal that he has secured 4% of GOAT's supply, calling it the “trade of the cycle.”

Whale trader Eugene Ng Ah Sio reminded followers of his earlier prediction, saying "sometimes you sell the bottom, and sometimes you create the bottom" in light of his correct prediction that the meme coin’s uptrend would continue.

Also Read: Dogecoin Sets The Stage, But AI Meme Coin GOAT Steals The Show, Ripping From Zero To $400 Million In 1 Week

Why It Matters: Over the past 24 hours, GOAT surged by 56%, contributing to its 172% weekly spike and a massive 586% monthly rally. Leading Dogcoins like Dogecoin DOGE/USD and Shiba Inu SHIB/USD reported a 9% gain and 5% loss over the past seven days, respectively.

Cat-themed coins Popcat POPCAT/USD and cat in a dogs world MEW/USD reported 12% gains each over the same period.

On-chain analysis firm Lookonchain highlighted significant purchases of GOAT using Solana SOL/USD from Binance. A new wallet holder withdrew 32,695 SOL, worth $5.5 million, from Binance to purchase 6.95 million GOAT at $0.43 each. The trade added Gigachad GIGA/USD and Fwog FWOG/USD also.

Another tweet highlighted an anonymous buyer, who withdrew 14,409 SOL (equivalent to $2.41 million) from Binance to buy GOAT. The buyer spent 10,313 SOL, worth $1.72 million, to purchase 4.5 million GOAT at $0.383 per coin, leaving 4,096 SOL (valued at $682,000) unspent.  

These significant trades on GOAT indicate a strong interest in the meme coin which could potentially influence other investors and cause a ripple effect in the crypto market.

What’s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.

Read Next: 

• ‘Memecoin Supercycle’ Analyst Thinks 20-25 Meme ‘Cults’ Can Join Dogecoin, Shiba Inu And Reach Billion-Dollar Valuations

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