A crypto trader attracted attention in the markets by making a profit of $ 7 million as a result of his transactions with the Solana meme coin Goatseus Maximus (GOAT). On-chain data reveals that the trader increased the $58,000 he invested in the GOAT token to $7.5 million, which has increased by nearly 400% in the past month.
Investor’s Successful Investment
According to data shared by blockchain analysis platform Arkham on November 2, trader 4Jpef1.. earned $7.5 million after purchasing 1.5% of GOAT’s total supply for $58,000. It was noteworthy that the investor accumulated large amounts of the Truth Terminal-backed token about a month ago.
Meanwhile, Goatseus Maximus is experiencing listings on major crypto exchanges and is experiencing a positive price trend. According to Arkham data, this address currently holds 13.35 million Goatseus Maximus tokens. However, the fact that the address also received the DADDY token in large amounts led to different speculations for this coin.
GOAT’s Current Performance
GOAT price is trading at $0.4932, down nearly 10% in the last 24 hours. The lowest and highest intraday prices were recorded as $0.4933 and $0.5944, respectively. On the monthly chart, the token increased by over 400%.
A recent report from CoinGape Media stated that GOAT price may have the potential to rise as high as $1 in the coming months as future open interest reaches a new record high. The price increase created market expectations that a $1 target could be achieved for the token in November.
Market Expectations and Outlook
Crypto market observers are closely monitoring the price movements of the GOAT token. The huge profit made by the investor raised hopes for the future potential of the token. Experts stated that they continue to monitor changes in GOAT’s market dynamics.
Crypto investors are eagerly awaiting how such high-yield investments can influence market trends. Developments regarding the GOAT token have had a wide impact in the crypto community.
In light of these developments, investors are focusing on market analysis to assess whether similar opportunities may exist in the future.
- A crypto trader made $7 million in profits with GOAT.
- GOAT token increased by 400% monthly.
- The token is expected to reach its $1 target in November.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
