Solana meme coin Goatseus Maximus (GOAT) price rose nearly 135% as Crypto.com announced plans to commence trading for the token.
On Wednesday, the Solana meme coin Goatseus Maximus stirred up significant excitement across the crypto market after securing a listing on a major cryptocurrency exchange.
The price of GOAT surged by nearly 150% following an announcement from Crypto.com that it would list the token.
Meanwhile, market analysts are speculating on whether this listing could fuel a sustained price rally for the coin.
Goatseus Maximus Surges Amid Crypto.com Listing
In an official X post on October 16, Crypto.com announced its decision to list the Solana meme coin Goatseus Maximus.
The exchange’s large user base can now trade the token with USD, EUR, and over 20 other fiat currencies.
This listing has sparked optimism about GOAT’s future price movements, as it opens the door for increased market participation in the token.
Notably, Goatseus Maximus has become a trending topic in the crypto community.
According to CoinGape Media, one trader reportedly made an astounding $2.42 million in profit in just four days by investing only $727 in the token.
Despite the buzz, Andreessen Horowitz founder Marc Andreessen clarified via X that he has no connection to the meme coin.
He stated, “I sent a personal $50K no-strings-attached unconditional research grant to ‘truth_terminal’ and its creator Andy Ayrey this summer.”
However, he emphasized that this had nothing to do with the Solana-based meme coin.
Goatseus Maximus Price Soars
At the time of writing, the price of GOAT has skyrocketed by 135%, now trading at $0.2634. The coin’s daily low and high were $0.09803 and $0.33, respectively.
Additionally, the 24-hour trading volume for Goatseus Maximus increased by 170%, indicating a positive reaction from traders following the listing news.
In related news, Lookonchain revealed that a trader who sold their Goatseus Maximus holdings for $1.1K five days ago would now have over $5 million.
The trader, known as ‘FUDing,’ sold off his holdings during a recent price dip.
Despite this, the token demonstrates strong growth potential based on recent market data. Market observers continue to watch the coin for potential price shifts.
