Whale Sell-off 9.23 Million GOAT tokens as Price Skyrockets
Zameer Attar25 Oct 20241 min read
Goatseus Maximus (GOAT), the Solana-based meme token, has gained notable attention from crypto enthusiasts due to its impressive performance and whale attentions. Recently, blockchain transaction tracker Lookonchain made a post on X (previously Twitter) that a giant whale with more than $9 million profit in GOAT, dumped over 9.23 million tokens worth $7.13 million.
Whale Dumps $7.13 Million of GOAT
In a post on X, Lookonchain noted that this whale had initially spent over $7.5 million to acquire 22.48 million of GOAT meme coins at an average price of $0.334. However, as prices skyrocketed, the whale began dumping. When the price reached the $0.773 level, the whale had already dumped 6.7 million coins worth $5.18 million and deposited over 2.53 million tokens, valued at $1.95 million, into Gate.io.
This notable sell-off in GOAT follows the recent price surge, with the token reaching its all-time high of $0.91 after the announcement of its future trading on Binance. Despite the sizable dump, the whale still holds a significant 13.25 million GOAT, worth $9.7 million, with more than $9 million in unrealized profits.
However, the impact of this sell-off was reflected in GOAT’s price on October 24, 2024, as it fell by more than 30%, but has since recovered.
GOAT Current Price Momentum
At press time, the meme coin is trading near $0.753 and has experienced a price surge of over 6.5% in the past 24 hours. During the same period, its trading volume jumped by 32%, indicating heightened participation from traders and investors amid market recovery.
In addition to GOAT, other Solana-based meme coins have also experienced impressive price surges in recent days including major meme coins like Dogwifhat (WIF), Popcat (POPCAT), Bonk (BONK), Cat in a Dogs World (MEW), and Book of Meme (BOME).
