Arthur Hayes Apes Into GOAT Coin as Solana Meme Token Surges 270%

• Arthur Hayes has disclosed becoming a member of the GOAT meme coin frenzy.
• GOAT’s value has surged by 270% in only one week.
• Wintermute, a significant market maker, is now the third-largest holder of the token.

Arthur Hayes, former BitMEX CEO and crypto influencer Sighduck are turning heads with their involvement in GOAT, a meme coin based mostly on the Solana blockchain. The token skyrocketed by 270% inside its first week of buying and selling. 

Sighduck revealed that Wintermute, a significant market maker, has acquired 1% of GOAT’s provide, fueling hypothesis of an imminent itemizing on centralized exchanges. Nonetheless, some early buyers have begun cashing out their positions following the coin’s meteoric rise in value motion.

Launched on the Solana blockchain, GOAT rapidly turned probably the most talked-about tokens available in the market. Its value surged from below $0.02 to $0.386 in a matter of days. Hayes shared his pleasure in regards to the undertaking after studying about GOAT’s AI-powered promotion, stating that he “instantly aped in.”

Sighduck additionally emphasised Wintermute’s involvement, noting that the agency is now the third-largest holder of GOAT, with 1% of the token’s complete provide in its possession. He predicts {that a} itemizing on main exchanges might be within the playing cards, which might considerably increase the coin’s liquidity and market visibility.

The explosive value surge has allowed some merchants to safe substantial income. One outstanding dealer, recognized by Lookonchain, progressively bought off a portion of their holdings, securing $1.1 million in revenue whereas nonetheless retaining $413,000 value of GOAT of their pockets.

GOAT’s rise has been fueled by an AI bot known as “Terminal of Truths,” developed by researcher Andy Ayrey. This AI, which turned obsessive about early web memes—notably these that includes goats—has been relentlessly selling the idea of a “GOAT singularity” on social media platform X.

The AI’s fixed promotion helped drive viral curiosity within the token. GOAT’s market cap exploded to $357 million as Terminal of Truths continued to flood social media with posts. 

What’s Subsequent for GOAT?

Though the preliminary frenzy round GOAT has cooled barely, the token stays robust, posting an 18.7% acquire previously 24 hours to commerce at $0.3571. With $162 million in spot buying and selling quantity, GOAT stays probably the most actively traded cash in latest days, holding the market’s consideration centered on its subsequent transfer.