Arthur Hayes, the co-founder of BitMEX, has returned to memecoin investments after a hiatus. Recently, he gained attention by investing in the Solana 
$244-based meme coin Goatseus Maximus (GOAT). Following Hayes’s investment, the price of GOAT surged by 250%.
Hayes Changes His Memecoin Preference
After reducing his memecoin investments, Hayes announced his return to the sector via a post on X. He expressed his confidence in Goatseus Maximus, attributing his interest in the project to its connection with artificial intelligence.
GOAT Price Surge
The price of GOAT has experienced a rapid increase over the past week. Following a 250% rise, it further increased by 25% in the last 24 hours, reaching $0.3573. The highest price recorded was $0.3797; however, the trading volume decreased by 7% to $159.1 million.
Hayes also explained why he stepped back from the memecoin market for some time. The tensions between Israel and Iran have intensified market fluctuations, leading Hayes to reduce his previous investments.
Impact of Artificial Intelligence
Rumors regarding Goatseus Maximus’s launch linked it to artificial intelligence. Some sources suggested that the altcoin was created by an AI bot. However, Andy Ayrey, founder of the Truth Terminal platform, clarified that the AI bot was only used for promotional purposes and did not play a direct role in the altcoin’s launch.
GOAT’s Rise and Investor Interest
GOAT continues to attract attention from investors. Its price increase further heightens investor interest. Particularly, cryptocurrency investors are trading GOAT coins to achieve substantial gains quickly. Memecoins are known for their volatility, making it crucial for investors to closely monitor market news.
