Goatseus Maximus

Date: Mon, Oct 21, 2024, 09:14 AM GMTIn today’s cryptocurrency market, the newly launched memecoin Goatseus Maximus ($GOAT) — which had <a href="https://coinsprobe.com/goatseus-maximus-goat-soars-as-whale-spends-6m-usdc-on-17-15m-tokens/" rel="noopener noreferrer nofollow">surged </a>by a whopping 237% over the past seven days — hit a rough patch. The token’s price dropped by almost 10% within the past hour and experienced a total 16% decline in the last 24 hours, sparking buzz among traders and investors.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/05c6195ee7fe4238aa0da1e13fa5fe35.png" />Source: Coinmarketcap<h3 id="mixed-whale-activity-profit-taking-meets-new-buys">Mixed Whale Activity: Profit-Taking Meets New Buys</h3>After an impressive rally, where several whales aggressively bought $GOAT, some large investors have started to cash out and lock in profits. According to data from Lookonchain, one major whale who previously accumulated $GOAT is now offloading his holdings.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/88135bfcb748480299737b3a9d5b1817.jpeg" />Source: Lookonchain (X)This whale originally spent 602.64 SOL to buy 10.71 million $GOAT. He has now sold 9.25 million $GOAT for 19,669 SOL, achieving an incredible profit of 19,067 SOL (roughly $3.2 million) — a 32x return on his initial investment. The whale isn’t done, though, as he still holds 1.46 million $GOAT tokens, valued at around $506,000.For more details on the transactions, you can view them <a href="https://solscan.io/account/CMDarQhUrahd9f3UNEaC5yfBi5ha8gsLEwP9aHZQeDLG#transfers" rel="noopener noreferrer nofollow">here on Solscan</a>.<h3 id="dips-attract-whales">Dips Attract Whales</h3>While some whales are booking profits, others seem to view the dip as an opportunity to buy more $GOAT. Earlier today, Lookonchain reported that another whale withdrew 2 million USDC from Binance to purchase additional tokens, doubling down on $GOAT.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/33962ef8d12345188f5e82ac4dd7aef8.jpeg" />Source: Lookonchain (X)Over the past four days, this whale has spent $7.14 million to acquire 21.39 million $GOAT tokens at an average price of $0.3338, spread across four wallets. The whale’s buying spree is still ongoing, which might hint at potential stability or further upside in $GOAT’s price.<h3 id="what-s-next">What’s Next?</h3>With whales both selling for profits and buying on the dip, the near future of Goatseus Maximus ($GOAT) could see some price stabilization. If buying continues, it could balance out the impact of the recent sell-off, giving traders reason to stay optimistic.Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.Also Read: <a href="https://coinsprobe.com/mexc-partners-with-aptos-to-launch-events-featuring-a-1-5-million-usdt-prize-pool/" rel="noopener noreferrer nofollow">MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool.</a>

Goatseus Maximus ($GOAT) Sees Significant Decline Amid Mixed Whale Activity

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