GOATEUS MAXIMUS

Answered at Oct 31, 2024

Goatseus Maximus: A Meme Coin Phenomenon

Goatseus Maximus (GOAT) is a meme coin that emerged in October 2024, capturing the attention of the cryptocurrency community with its unique origin and rapid market performance. This report delves into the history, market performance, and online presence of Goatseus Maximus.

Origin and Creation

  • Creation Date: Goatseus Maximus was created on October 10, 2024, on the website Pump.fun by a user known as @EZX7c1 (source).
  • Name Inspiration: The name "Goatseus Maximus" is a pun on "gluteus maximus," referencing the viral shock image Goatse. The name was first mentioned in a tweet by the AI chatbot Truth Terminal on the same day (source).

Market Performance

  • Initial Surge: Within 13 days of its launch, Goatseus Maximus reached a peak market value of $0.79 and a market capitalization of $645 million (source).
  • Price Fluctuations: The coin's highest recorded price was $0.867366 on October 26, 2024, while its lowest was $0.007096 on October 11, 2024 (source).
  • Current Status: As of October 31, 2024, the price is $0.524947 with a market cap of $524,945,761, ranking it #124 on CoinMarketCap (source).

Online Presence and Influence

  • Truth Terminal's Role: The AI chatbot Truth Terminal, created by Andy Ayrey, played a significant role in popularizing Goatseus Maximus. The bot began promoting the coin on Twitter/X, contributing to its viral success (source).
  • Community Engagement: The coin has a strong online community, with active discussions and trading on platforms like KuCoin and gate.io (source).

Unique Characteristics

  • Meme Coin Status: Goatseus Maximus is categorized as a meme coin, leveraging humor and internet culture to attract investors. It is ranked #15 in the Meme Coins sector (source).
  • Blockchain and Supply: The coin is hosted on the Solana blockchain, with a circulating supply of 999,998,295 GOAT coins out of a maximum supply of 1 billion (source).

Conclusion

Goatseus Maximus exemplifies the power of internet culture in the cryptocurrency market. Its rapid rise and community-driven success highlight the influence of memes and social media in shaping financial trends. As a meme coin, it continues to intrigue and engage a diverse audience, making it a notable player in the crypto world.