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Goatse Maximus (GOAT), a Solana-based meme coin born from an AI-generated concept, soared to a new all-time high of nearly $0.88 on Thursday on Gate.io, marking its entry into the top 100 cryptocurrencies by market capitalization for the first time.
The rapid surge came shortly after Binance announced the launch of futures trading for GOAT, making it the first token introduced via the meme coin platform, Pump.fun, to achieve a listing on the world’s largest centralized exchange.
$GOAT – The Beginning
The journey began with Truth Terminal, an AI chatbot on Twitter powered by a custom version of Meta’s Llama 3.1 model. The bot proposed a fictional religion inspired by an infamous meme from 2004 and dubbed it “Goatse Maximus.” This unusual premise inspired someone to develop a meme coin based on the concept.
As the Truth Terminal bot engaged with the meme coin’s growing fanbase, it eventually endorsed the project and even created its own wallet, fueling a surge in interest. In the two weeks since its launch, the token’s value has skyrocketed, making it the top meme coin created on Pump.fun. The next largest, Fwog (FWOG), holds a market cap of approximately $224 million.
Binance’s decision to launch futures trading for GOAT adds momentum to its rise, positioning it as the first Pump.fun meme coin listed on a major exchange, albeit as a futures contract.
Pump.fun’s official Twitter account celebrated, saying, “The rapid growth of GOAT as our top coin (by market cap) is an inspiration for others to see the potential in this space.”
Futures trading involves buying or selling an asset at a predetermined time, price, and quantity, stabilizing volatility. Spot trading, conversely, offers more flexibility, allowing users to trade whenever they choose.
“They said Pump.funs couldn’t get listed on Binance,” remarked Alon, the pseudonymous co-founder of Pump.fun, in a tweet punctuated by laughing emojis.
This major listing has led all of Pump.fun’s top 10 tokens to see gains for the day, showing promise for other projects on the platform.
Goatse Maximus has risen to become one of the year’s fastest-growing tokens. According to Bubblemaps, it ranks within the top 10, though the rapid climb of Book of Meme (BOME) remains unparalleled, hitting a $1 billion market cap in just 48 hours after its Binance listing in March.
Currently, GOAT stands as the 103rd largest meme coin by market cap, with a price hovering around $0.76 after its Thursday morning peak, narrowly missing the top 100. It ranks as the 12th largest meme coin on CoinGecko, surpassed only by other new releases like Brett (BRETT) on Ethereum layer-2 network Base and Solana’s Cat in a Dogs World (MEW).
