A cryptocurrency trader has caught attention in the markets by earning a $7 million profit from trading the Solana 
$253 meme coin Goatseus Maximus (GOAT). On-chain data shows that the trader turned an investment of $58,000 into $7.5 million, thanks to a nearly 400% increase in the GOAT token over the past month.
Trader’s Successful Investment
According to data shared by the blockchain analysis platform Arkham on November 2, the trader at the address 4Jpef1.. bought 1.5% of the total supply of GOAT token for $58,000 and subsequently realized a profit of $7.5 million. The trader’s strategy of accumulating large amounts of the token, supported by Truth Terminal, has garnered attention.
Meanwhile, Goatseus Maximus is experiencing positive price movements with listings on major cryptocurrency exchanges. Arkham’s data indicates that the address currently holds 13.35 million Goatseus Maximus tokens. However, the address also purchased large amounts of the DADDY token, leading to various speculations about this coin.
Current Performance of GOAT
The price of GOAT is trading at $0.4932, having decreased by approximately 10% in the last 24 hours. The intraday low and high prices were recorded at $0.4933 and $0.5944, respectively. On the monthly chart, the token has shown an increase of over 400%.
A recent report by CoinGape Media stated that the price of GOAT could potentially rise to $1 in the coming months due to new open positions reaching record levels. The price increase has generated market expectations for the token to hit the $1 target in November.
Market Expectations and Observations
Cryptocurrency market observers are closely monitoring the price movements of the GOAT token. The significant profit made by the trader has heightened hopes regarding the token’s future potential. Experts noted that they continue to watch the changes in market dynamics concerning GOAT.
Crypto investors are eagerly waiting to see how such high-return investments might impact market trends. Developments related to the GOAT token have generated substantial buzz within the cryptocurrency community.
In light of these developments, investors are focusing on market analyses to evaluate whether similar opportunities will arise in the future.
- A crypto trader earned $7 million with GOAT.
- The GOAT token experienced a 400% monthly increase.
- The token is expected to reach the $1 target in November.
