An investor made remarkable gains in the crypto market with a 3,360% return, converting $86,000 into $3.9 million through the memecoin Goatseus Maximus (GOAT). This achievement was highlighted by Lookonchain, which noted the investor's initial investment was 603 SOL for 10.7 million GOAT tokens, rising to $3.75 million at its peak.
Recently, the investor partially liquidated his GOAT holdings, gaining 1,453 SOL ($222,000), while retaining 10 million GOAT tokens now worth $2.74 million. Additionally, the investor profited from trading BILLY tokens, turning a $182,000 investment into $593,000, recording a 226% gain, resulting in a total profit of $3.291 million from both trades.
The memecoin GOAT emerged as a sensation, partly influenced by AI-driven narratives. Andy Ayrey, creator of AI bot Truth Terminal, played a key role in its virality despite no direct involvement in its creation. The token, launched on October 13, achieved a market cap of $360 million in four days.
Marc Andreessen, who funded Truth Terminal, clarified that he had no economic interest or role in the memecoin despite its success. GOAT's rise underscores the market's interest in risky memecoins and highlights the substantial influence of AI-driven stories on crypto asset markets.
GOAT currently trades at $0.352, showing the allure of high-reward memecoins among traders, reflecting an intersection of AI and crypto valuation. The Truth Terminal's influence on GOAT underscores its potential in this nascent space.
