Whale Moves $5.4 Million into Goatseus Maximus (GOAT) and Sparks Price Surge

Goatseus Maximus (GOAT) is a meme coin on the Solana blockchain, created by Andy Ayrey. It focuses on community engagement through an AI bot called Terminal of Truths, fostering a humorous, cult-like following around its philosophy, the "Goat Gospel.

The price of Goatseus Maximus (GOAT) surged after being listed on major exchanges like Bybit and Woo, which added futures trading. This has attracted more investors and pushed the trading volume above $384 million in a single day.

Increased Whale Activity

There’s also increased activity from large investors, known as "whales," pulling funds from Solana tokens to invest in GOAT. One trader moved $5.4 million from Solana to put $3.39 million into GOAT. This growing interest is helping drive up the token's price.

Goatseus Maximus saw a huge rise, increasing over 50% recently and hitting a record high of $0.6794 from a low of $0.045 just a week ago. This jump boosted its market value from about $48 million to around $668 million.

In the 4- hour chart, the pair is holding above short-term (34 and 55-day EMA) and long-term 200 EMA.

The bearish invalidation can happen if the pair closes above $0.17. On the lower side, the near-term support is $0.53. Any close below targets $0.45/$0.39.

The immediate resistance stands at around $0.75. Any breach above confirms a minor pullback. A jump to $0.90/$1 is possible. A surge past $1 will take GOAT to $1.25.

It is good to buy on dips around $0.50 with SL around $0.390 for TP of $1.

TokenPost | [email protected]