Crypto Trader Turns $5K Into $1.5 Million With Lucky Bet on GOAT Meme Coin

In lower than every week, a dealer who purchased $5,500 of a Solana meme coin has seen their place surge to a worth of over $1.5 million—and so they’ve already cashed out $1.1 million of that.

The dealer was an early purchaser of Goatseus Maximus (GOAT), which has skyrocketed 76,480% to a peak market cap simply shy of $290 million. Created by way of Pump.enjoyable, the Solana token has seen a meteoric rise since its launch simply six days in the past. GOAT was conceived by “Reality Terminal,” a Twitter-based AI chatbot that makes use of Meta’s Llama 3.1 mannequin. 

Created in June, it solely took a month for the AI account to flirt with the concept of launching a meme coin. As soon as it obtained a $50,000 Bitcoin donation from Andreessen Horowitz co-founder, Marc Andreessen, the AI bot began speaking about spreading a de facto faith known as the “Goatse Gospel.” Then, on October 10, the terminal first referenced Goatseus Maximus.

Goatseus Maximus, the bot prompt, was to be the “religious successor to goatse”—an notorious and slightly graphic web meme—and the account prophesied a 10,000 piece NFT assortment. In flip, an unknown creator deployed the meme coin primarily based on the idea, which Reality Terminal later endorsed.

One fortunate dealer utilizing the pockets handle that begins with Hdxk (often known as 🔵🔵🔵.sol) purchased $5,520 price of GOAT in 4 evenly break up transactions throughout a 30 minute interval. Inside 5 hours, in response to DEX Screener, the dealer had already realized $9,851 price of revenue by three transactions.

However these beneficial properties have been dwarfed by what has come since. Over the subsequent six days, the dealer began to promote little by little over an prolonged time frame to ease out of their place.

On the time of writing, Hdxk has profited $1.1 million, with $413,000 price of GOAT nonetheless remaining of their pockets.

The unidentified dealer seems to be your run-of-the-mill Pump.enjoyable meme coin degen, shopping for and promoting numerous tokens inside minutes of one another. GOAT apart, the pockets presently has a $25,000 Solana steadiness with $214,000 in different tokens, together with $135,000 within the AI-generated cat coin Cheese Ball (CB) and $22,000 within the Remilia-adjacent token, Golden Celestial Ratio (GCR). 

Happily, the dealer has bought and secured a big portion of their income. Earlier examples of merchants which have made huge bucks from meme cash haven’t been fairly as profitable.

Earlier this month, for instance, a dealer turned $800 into $10 million by investing in a meme coin associated to viral child pygmy hippo Moo Deng. However the dealer’s eyes have been too huge for his or her stomach, as they apparently refused to promote and the token’s value subsequently fell 70%, shrinking the dizzying income they might have claimed.

Maybe most famously, the “Dogecoin Millionaire” turned $250,000 into $3 million, however by no means bought as he believed the main meme coin would hit a value of $1. At its 2021 peak, the meme coin was price $0.73, however on the time of writing it sits simply above $0.12—an 83% lower.

Edited by Andrew Hayward