New cryptocurrency memcoin has grown thousands of times in a matter of days

Recently, a new memecoin, Goaseus Maximus (GOAT), appeared on the Solana network. In a few days, it grew in value thousands of times, and some traders became millionaires. GOAT has become a local phenomenon in the meme cryptocurrency space, supported by the AI bot Truth Terminal from the asset management company Andreesen Horowitz, and added to the platforms of Gate, Crypto.com, and HTX.

One of the traders made a profit of 3,360% on GOAT — he invested 603 SOL coins ($ 86,000) to buy 10.7 million GOAT, and at the peak, these tokens were worth $ 3.75 million. He sold 0.7 million tokens for $ 222,000, and still keeps the rest of the cryptocurrency in his wallet.

Another trader increased his investment 3,176 times: «This guy sold all 15.15 million GOAT on October 15 and turned his 5 SOL ($ 727) into 15,883 SOL ($ 2.44 million) in just five days! He increased his capital by 3,176 times! It is interesting that he took the nickname 'stupidmoney.sol' ('stupidmoney.sol'),» Lookonchain writes.

The well-known Altcoin analyst Sherpa believes that even from the current position, GOAT’s growth potential could be about 70%.

Not financial advice!