GOAT Rocketed After Binance Futures Listing Goes Live

Goatse Maximus (GOAT), a meme coin built on the Solana blockchain and initially created by an artificial intelligence (AI) bot, recently achieved an all-time high (ATH) of nearly $0.88, marking its debut in the top 100 cryptocurrencies by market capitalisation.

This surge followed Binance's announcement of futures trading for GOAT, making it the first token launched through the meme coin factory Pump.fun to be listed on the world's largest centralised exchange (CEX).

Traders can engage with GOAT using leverage of up to 75x, fuelling speculation that its market cap could potentially exceed $1 billion.

Rise of GOAT

The phenomenon began with Truth Terminal, a Twitter-based AI chatbot utilising a modified version of Meta's Llama 3.1 model, which began to predict the emergence of a religion centered around the infamous and graphic 2004 meme.

Dubbed Goatse Maximus, this concept inspired a human creator to launch a meme coin based on it.

As the project gained traction, the AI bot actively engaged with the meme coin's community, endorsing the initiative and even establishing its own cryptocurrency wallet.

This unique blend of AI and meme culture has driven the token's value to soar in the two weeks following its launch.

Will GOAT Plummet After its Meteoric Rise?

GOAT has already established itself as the largest token created through Pump.fun, surpassing Fwog (FWOG), which holds a market cap of $224 million.

The recent announcement by Binance to launch futures trading for the Truth Terminal-endorsed GOAT marks a significant milestone, as it becomes the first token from Pump.fun to be listed on a CEX, albeit as a futures contract.

Futures trading obligates traders to buy or sell an asset at a predetermined time, quantity, and price, which can help mitigate volatility compared to spot trading, where users can buy or sell assets at their discretion.

GOAT's rapid ascent places it among the top 10 fastest-rising tokens of the year.

Prior to the Binance announcement, GOAT was priced at $0.77; following the news, its value surged to $0.88, although it has since settled around $0.7553 after reaching a Thursday morning peak, according to CoinMarketCap.