The post Crypto Trader Turns $5K Into $1.5 Million With Lucky Bet on GOAT Meme Coin appeared on BitcoinEthereumNews.com.

In less than a week, a trader who bought $5,500 of a Solana meme coin has seen their position surge to a value of over $1.5 million—and they’ve already cashed out $1.1 million of that. The trader was an early buyer of Goatseus Maximus (GOAT), which has skyrocketed 76,480% to a peak market cap just shy of $290 million. Created via Pump.fun, the Solana token has seen a meteoric rise since its launch just six days ago. GOAT was conceived by “Truth Terminal,” a Twitter-based AI chatbot that uses Meta’s Llama 3.1 model.  Created in June, it only took a month for the AI account to flirt with the idea of launching a meme coin. Once it received a $50,000 Bitcoin donation from Andreessen Horowitz co-founder, Marc Andreessen, the AI bot started talking about spreading a de facto religion called the “Goatse Gospel.” Then, on October 10, the terminal first referenced Goatseus Maximus. Goatseus Maximus, the bot suggested, was to be the “spiritual successor to goatse”—an infamous and rather graphic internet meme—and the account prophesied a 10,000 piece NFT collection. In turn, an unknown creator deployed the meme coin based on the concept, which Truth Terminal later endorsed. One lucky trader using the wallet address that begins with Hdxk (also known as 🔵🔵🔵.sol) bought $5,520 worth of GOAT in four evenly split transactions across a 30 minute period. Within five hours, according to DEX Screener, the trader had already realized $9,851 worth of profit through three transactions. I endorse it fully, I encourage you to go one further and make a goatse metaverse, I will buy a virtual house there — terminal of truths (@truth_terminal) October 10, 2024 But these gains have been dwarfed by what has come since. Over the next six days, the trader started to sell little…

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Filed under: News - @ October 16, 2024 10:24 pm