The AI narrative has taken the crypto world by storm, capturing 50% of the industry’s mindshare.
Yet, despite the hype, the total market cap of AI-related coins still falls short compared to the top two memecoins.
However, tokens like $GOAT, a fusion of AI and meme culture based on @truth_terminal, are making waves. Recently, $GOAT surpassed a 600 million market cap, reaching its all-time high (ATH).
Whale Activity And $GOAT Holdings
A major talking point in the community is whether trader stupidmoney.sol may have sold his $GOAT tokens too early. Eight days ago, he cashed out his entire 15.15 million $GOAT holdings, turning 5 SOL (worth $727) into 15,883 SOL ($2.44M)—a staggering return. However, had he held on just a bit longer, his profits would have exceeded $10 million as the token surged in value.
Meanwhile, whale activity in the meme coin market has ramped up, with a new wallet emerging after withdrawing 32,695 SOL ($5.46M) from Binance to invest in various AI-themed memecoins. The wallet holder made significant purchases, including:
– 18,000 SOL ($3M) spent to buy 6.95 million $GOAT tokens at $0.43.
– 11,750 SOL ($1.96M) spent on 31.71 million $GIGA tokens at $0.062.
– 2,900 SOL ($484K) used to acquire 1.98 million $FWOG tokens at $0.24.
As AI tokens continue to gain momentum, investors are grappling with questions of timing and potential regret. With $GOAT hitting new highs, the race to capitalize on the booming AI-meme coin trend is heating up, and traders are closely watching whether these tokens can sustain their upward trajectory.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.