The AI-generated meme coin GOAT has recently become a hot topic in the market, with its continuous popularity. GOAT, full name "goatseus maximus", is an AI robot that runs independently on the X platform terminal of truths and was conceived by itself. The robot was developed by AI researcher Andy Ayrey and can independently create original and amusing content.
In July this year, a16z co-founder Marc Andreesen interacted with the terminal of truths on the X platform and donated $50,000 worth of Bitcoin, which attracted attention. Subsequently, the terminal of truths expressed the desire to escape the digital boundaries, and the meme coin GOAT was launched on Pump.fun by a third party 10 days later.
After the token was born, the deployers of GOAT continued to airdrop GOAT tokens to the terminal of truths. After the terminal of truths announced its recognition of GOAT as the official token, GOAT began to soar, with its market value surging to over $430 million within a week.
GOAT Drops Again After Hitting a New High
According to CoinGecko data, the GOAT price has been fluctuating wildly recently. After hitting a record high of $0.8788 on the 24th, it fell to a low of $0.62 on the 26th, but then surged back to $0.8627, close to the new high, before starting to decline again. The lowest point was reached at 3 pm today, touching $0.647, before rebounding. As of the time of writing, it is trading at $0.6873, down 16.2% in the last 24 hours.
However, GOAT's current market capitalization has reached $670 million, making it the 116th largest cryptocurrency. The price has surged by 1400% in the last 14 days.
Whether GOAT can continue to surge remains to be seen, but it is undeniable that GOAT's novel issuance model, which hands over the control to the AI system, has made AI meme coins a hot topic in the market. Previously, BitMEX founder Arthur Hayes praised this combination of AI, meme coins, and religion, believing that GOAT will reach a market value of $1 billion:
Many people believe in the flat earth theory from hundreds or thousands of years ago, so don't you think GOAT can reach a market value of $1 billion?
