Maximus Goat (GOAT), A Solana the meme coin originally designed by an AI robot, peaked at a new all-time high price of nearly $0.88 per Thursday, as he burst into the Top 100 cryptocurrencies by market capitalization for the first time.
The latest spike came after Binance announced its launch futures trading for the token, becoming the first token launched via meme coin factory Pompe.fun to reach the largest centralized stock exchange in the world.
It all started when Truth Terminala Twitter-based AI chatbot that uses a modified version of Meta’s Llama 3.1 model, has launched prophesy about a religion based on an infamous and grotesquely graphic meme from 2004. This religion was to be called Maximus Goatthe robot suggested – and in turn, someone (a human) created a coin based on it.
Soon, the Twitter bot began interacting with the meme community, eventually approve the project and create your own crypto wallet. This AI-powered craze led to the token’s value skyrocketing in the two weeks following its launch.
Already, GOAT was the largest token created via Pump.funwith Fwog (FWOG) next with a market capitalization of $224 million. But with Binance announces that it would launch futures trading for the Truth Terminal-endorsed project, it became the first token created on Pump.fun to be listed on the centralized market. exchange…but in the form of a forward contract.
“The rapid growth (that) has crowned Pump.fun coin GOAT (in terms of market cap) should inspire others to see what is possible,” Pump.fun official Twitter account. job.
Futures trading requires traders to buy or sell the asset at a specific time, quantity and price. This helps limit volatility when trading a token. Spot trading, on the other hand, is much more flexible, allowing a user to buy or sell an asset as they wish.
“And they said Pump.funs can’t be listed on Binance,” pseudonymous co-founder of Pump.fun Alan posted, followed by lots of laughing emojis.
and they said fun pumps can’t be listed on Binance 😂😂😂😂😂😂
– alone (@a1lon9) October 24, 2024
With this step, all the top 10 Pump.fun tokens by market capitalization are in the green for the day at the time of writing, as broader horizons open up for projects on the platform.
Goatse Maximus’ meteoric rise places it in the top 10 fastest-growing tokens of the year, Bubblemaps said. Decrypt. Meme book (BOMÉ) is probably the fastest, having surpassed the $1 billion market cap in just 48 hours in March. It never again matched the record price it reached the day it was listed on Binance.
At the time of writing, GOAT is currently the 103rd largest coin by market capitalization, falling to a current price of around $0.76 from its Thursday morning high and falling just outside of 100 first pieces.
Now the 12th largest coin by market cap, according to CoinGeckothe only memes launched this year that stay ahead are Brett (BRETT) on Ethereum layer 2 network Base and Solana’s Cat in a World of Dogs (MEOW).
Edited by Andrew Hayward
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