Whale activity surrounding the AI-generated GOAT meme coin is capturing the attention of the crypto community, effectively erasing a brief dip during Monday’s trading session.
According to data from Lookonchain, a prominent whale investor has been actively accumulating GOAT tokens, purchasing 21.39 million tokens for a total of $7.14 million at an average price of $0.3338 over the past four days, utilizing four different wallets. The buying frenzy shows no signs of slowing down, as this whale recently withdrew an additional 2 million USDC from Binance to acquire even more GOAT tokens.
In contrast, another whale has been offloading their GOAT holdings. This investor initially spent 602.64 Solana (CRYPTO: SOL) to acquire 10.71 million GOAT tokens but has since sold 9.25 million GOAT for 19,669 SOL. This transaction yielded a profit of 19,067 SOL (approximately $3.2 million), resulting in a remarkable 32-fold return on investment. The whale still holds 1.46 million GOAT tokens, currently valued at around $506,000.
Crypto trader Tyler D noted the impressive rebound of GOAT, which saw its valuation plummet to $160 million early Monday before skyrocketing over 200% to reach a valuation of $400 million. He expressed the sentiment of eager investors in his tweet, stating, “Dip buyers euphoric,” reflecting the excitement among those who capitalized on the dip.
Prominent investor Miles Deutscher also seized the opportunity, purchasing additional GOAT tokens at around $0.20 and expressing optimism about the asset’s future potential.
Trader Eugene Ng Ah Sio echoed this sentiment, increasing his position in GOAT and stating, “Key positions for what I think will be a secular trend going forward. If I’m wrong, then I am your exit liquidity.”
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