GOAT Meme Coin Becomes Crypto Whale Target

The meme coin from Solana's network, GOAT, skyrocketed by more than 200 percent in a week. (Photo; Doc. GOAT X Account)

JAKARTA - Gotseus airing (GOAT), a coin meme from Solana's network, has been the target of big investors aka whales. This happened after the price of GOAT jumped significantly. In the past month, the GOAT value increased by 260%. The increase in GOAT prices managed to steal the attention of big players.

Unmitigated, one of the crypto whales even bought GOAT tokens worth US$4 million (Rp62 billion) on Binance Web3 Wallet. Previously, the same investor had purchased more than US$3 million (Rp46.5 billion) GOAT tokens.

One of the other factors that boost GOAT's popularity is the increasing popularity of the meme coin on social media. Based on data from on-chain analytics firm Santiment, GOAT's social media dominance measures how often tokens are discussed online has experienced a significant spike.

The increasing attention of netizens like this usually triggers an increase in demand and prices, because more and more people are interested in buying the token. In terms of technical analysis, the GOAT indicator also shows the potential for further growth.

Launching CoinPaprica, the price movement analysis shows that this coin found strong support points at certain price levels, which help maintain its momentum increase.

According to CoinGecko data, the price of GOAT has skyrocketed 218% in the past week. Currently, at 19:32 WIB, October 21, 2024, GOAT is trading at the level of IDR 5,696 per token.