The realm of artificial intelligence is rapidly evolving into a significant force, and the emergence of the meme coin GOAT (Gotsius Maximus) stands as a prime example.
Since its launch, this straightforward token has transformed many users into millionaires. On October 19, the price of GOAT reached an all-time high of $0.535, continuing to climb amid growing demand.
The Rise of GOAT
Gotsius Maximus is now one of the most popular meme coins on the Solana blockchain, despite its creator remaining anonymous. Reports indicate that the coin was created by an AI bot named Truth of Terminal, developed by Andy Ayrey. This bot reportedly secured $50,000 from investor Marc Andreessen in Bitcoin (BTC) to kickstart the project. By analyzing social media platforms like Twitter (X) and Reddit, the bot proposed the idea for a new meme coin, ultimately naming it Gotsius Maximus.
The promotional efforts by Truth of Terminal have propelled GOAT’s market value to over $400 million, with projections suggesting it could reach $1 billion. The bot has also amassed over 90,000 followers on X, establishing itself as a small leader in the crypto space.
Impressive Profits from GOAT Tokens
Following the token’s launch, the bot purchased thousands of GOAT tokens and, through consistent promotion, has now become the first AI millionaire. One crypto enthusiast turned an initial investment of $86,000 into $3.9 million in just six days, while others have achieved millionaire status within two days of investing.
Arthur Hayes’ Predictions
Arthur Hayes, co-founder of BitMEX, has commented on the potential for further price increases for this meme coin. He referenced a report by Matt Levine in Bloomberg, which previously led to a tenfold price increase for another meme coin, WIF. Hayes believes that the opinions of credible figures like Levine will certainly impact the trajectory of this nascent cryptocurrency.
Whale Activity
Meanwhile, a notable whale recently withdrew $2 million in USDC to purchase more Gotsius Maximus tokens from Binance. In total, this whale has spent $6 million USDC to acquire 17.15 million GOAT tokens at an average price of $0.35 over the past two days.
Analysts suggest that a balanced distribution of supply and continued accumulation by whales could push GOAT’s price beyond $0.50. However, it is also possible that the price may experience a temporary drop of up to 12.5% before the next increase.
This information is for informational purposes only and does not constitute a recommendation to buy or sell any specific cryptocurrency!