The whale investor, who has gained significant traction with $GOAT, recently sold off a substantial portion of their holdings, leading to notable market fluctuations.

After initially investing $7.5 million to acquire 22.48 million $GOAT at a purchase price of $0.334, the whale capitalized on market conditions yesterday, offloading 9.23 million $GOAT tokens—an equivalent of $7.13 million.

This action included an on-chain sale of 6.7 million $GOAT for $5.18 million at a price of $0.773, along with depositing 2.53 million $GOAT (valued at $1.95 million) into Gate.io.

The whale’s strategic moves have generated total profits exceeding $9 million and left them with 13.25 million $GOAT, currently valued at $9.7 million.

The surge in $GOAT, largely fueled by AI-driven promotion, recently propelled its market cap to an impressive $800 million. However, the whale’s sell-off influenced a price drop in the token, impacting the broader sector as several other coins also saw declines, some exceeding 80%.

Binance Futures And Memecoins Expansion 

Meanwhile, Binance Futures is fast expanding its offerings in meme coins, a trend increasingly resonating with retail traders. $GOAT is now featured alongside other popular tokens in the Binance Futures lineup, reflecting the exchange’s rapid adoption of meme coins. The latest roster spans various chains, featuring:
– ETH: $NEIRO

As memecoins continue to attract attention, traders are closely monitoring market responses and anticipating potential spot listings for these trending assets.

The $GOAT token’s recent volatility serves as a reminder of the risks and rewards inherent in the burgeoning meme token space.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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