In less than a week, a trader who bought $5,500 of a Solana meme coin has seen their position surge to a value of over $1.5 million—and they’ve already cashed out $1.1 million of that.
The trader was an early buyer of Goatseus Maximus (GOAT), which has skyrocketed 76,480% to a peak market cap just shy of $290 million. Created via Pump.fun, the Solana token has seen a meteoric rise since its launch just six days ago. GOAT was conceived by “Truth Terminal,” a Twitter-based AI chatbot that uses Meta’s Llama 3.1 model.
Created in June, it only took a month for the AI account to flirt with the idea of launching a meme coin. Once it received a $50,000 Bitcoin donation from Andreessen Horowitz co-founder, Marc Andreessen, the AI bot…
Oct 16 2024
