{"id":436074,"date":"2024-10-24T04:30:06","date_gmt":"2024-10-23T23:00:06","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=436074"},"modified":"2024-10-23T16:16:46","modified_gmt":"2024-10-23T10:46:46","slug":"whale-buys-goat-worth-2-41-mln-will-the-hype-continue","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/whale-buys-goat-worth-2-41-mln-will-the-hype-continue\/","title":{"rendered":"Whale buys GOAT worth $2.41 mln &#8211; Will the hype continue?"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Arthur Hayes recently posted in support of the GOAT token.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">GOAT\u2019s Open Interest skyrocketed by 69% in the past 24 hours, indicating traders&#8217; interest in the memecoin.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Despite the struggling crypto market, whales have discovered a new meme coin, <a href=\"https:\/\/ambcrypto.com\/predictions\/goatseus-maximus-price-prediction\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">Goatseus Maximus [GOAT]<\/a>. <\/span><span style=\"font-weight: 400;\">Whales are making significant bets on this token. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Blockchain tracker Lookonchain posted on X (formerly Twitter) about the activity of a whale, who withdrew 14,409 SOL worth $2.41 million to buy GOAT.<\/span><\/p>\n<h2><b>Whale places big bet on GOAT<\/b><\/h2>\n<p><span style=\"font-weight: 400;\"><a href=\"https:\/\/x.com\/lookonchain\/status\/1848544105476800679\" target=\"_blank\" rel=\"noopener\">Lookonchain<\/a> further noted that, so far, this whale has spent 10,313 SOL worth $1.72 million to buy 4.5 million GOAT tokens at an average price of $0.383. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the whale\u2019s wallet still holds 4,096 SOL worth $682,000, which can be used to further accumulate the meme coin.<\/span><\/p>\n<figure id=\"attachment_436075\" aria-describedby=\"caption-attachment-436075\" style=\"width: 736px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/image-18.png\"><img decoding=\"async\" class=\"wp-image-436075 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/image-18.png\" alt=\"Whale big bet on GOAT\" width=\"736\" height=\"302\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/image-18.png 736w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/image-18-300x123.png 300w\" sizes=\"(max-width: 736px) 100vw, 736px\" \/><\/a><figcaption id=\"caption-attachment-436075\" class=\"wp-caption-text\">Source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Following this significant purchase, the price of GOAT skyrocketed by 63%. The memecoin was trading near the $0.59 level. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the coin&#8217;s trading volume jumped by 11% in the past 24 hours. This indicates greater participation from traders and investors compared to the previous day. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This newly listed meme coin is gaining notable attention from crypto enthusiasts.<\/span><\/p>\n<h2><b>Arthur Hayes\u2019s bullish take on GOAT<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In addition, on the 23rd of October, <a href=\"https:\/\/x.com\/CryptoHayes\/status\/1848839559229964554?s=19\" target=\"_blank\" rel=\"noopener\">Arthur Hayes<\/a>, a prominent crypto expert and co-founder of BitMEX made a post on X stating, \u201cPump the GOAT.\u201d This isn&#8217;t Hayes&#8217;s first post about GOAT. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In an earlier post on X, he suggested that the meme coin could be 10x in the coming days.<\/span><\/p>\n<h2><b>GOAT&#8217;s technical analysis and key levels\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to AMBCrypto\u2019s technical analysis, GOAT appears bullish as it recently broke out from a strong resistance level of $0.52 level. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, predicting its future performance is challenging, as the coin was recently launched and there isn&#8217;t much data available.<\/span><\/p>\n<figure id=\"attachment_436078\" aria-describedby=\"caption-attachment-436078\" style=\"width: 1815px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GOATUSDT_2024-10-23_14-31-25-e1729674286216.png\"><img decoding=\"async\" class=\"wp-image-436078 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GOATUSDT_2024-10-23_14-31-25-e1729674286216.png\" alt=\"GOAT technical analysis \" width=\"1815\" height=\"744\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GOATUSDT_2024-10-23_14-31-25-e1729674286216.png 1815w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GOATUSDT_2024-10-23_14-31-25-e1729674286216-300x123.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GOATUSDT_2024-10-23_14-31-25-e1729674286216-1024x420.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GOATUSDT_2024-10-23_14-31-25-e1729674286216-768x315.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GOATUSDT_2024-10-23_14-31-25-e1729674286216-1536x630.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/GOATUSDT_2024-10-23_14-31-25-e1729674286216-1200x492.png 1200w\" sizes=\"(max-width: 1815px) 100vw, 1815px\" \/><\/a><figcaption id=\"caption-attachment-436078\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<h3><b>Bullish on-chain metrics\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">However, GOAT&#8217;s positive outlook is further supported by on-metrics.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the on-chain analytics firm Coinglass, GOAT\u2019s Long\/Short ratio currently stands at 1.32, indicating a strong bullish sentiment among traders.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/goatseus-maximus-price-prediction\/\" target=\"_blank\" rel=\"noopener\">Goatseus Maximus&#8217; [GOAT] Price Prediction<\/a> 2024-25<\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">Additionally, the coin&#8217;s Open Interest has skyrocketed by 69% in the past 24 hours and 9.1% over the past four hours, at press time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This growing Open Interest is a bullish sign for GOAT holders, as traders&#8217; interest in the meme coin is increasing significantly.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whales\u2019s purchase $2.41 million worth of GOAT. This fuels a 63% price surge in the past 24 hours.<\/p>\n","protected":false},"author":97,"featured_media":436112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[5824,66,3,4,20],"tags":[6427],"class_list":["post-436074","post","type-post","status-publish","format-standard","has-post-thumbnail","category-memecoins","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Whale buys GOAT worth $2.41 mln - Will the hype continue? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"A crypto whale invested $2.41m to buy GOAT, resulting in a price skyrocket of 63%. 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