Recently, a new memecoin, Goaseus Maximus (GOAT), appeared on the Solana network. Within a few days, it increased in price thousands of times, and some traders became millionaires.

GOAT has become a local phenomenon in the field of meme cryptocurrencies – it was supported by the AI ​​bot “Truth Terminal” from the asset management company Andreesen Horowitz, and was also added to its platforms by the Gate, Crypto.com and HTX exchanges.

One of the traders made a profit of 3,360% on GOAT – he invested 603 SOL coins ($86,000) to buy 10.7 million GOAT, and at its peak these tokens were worth $3.75 million. He sold 0.7 million tokens for $222,000 , and keeps the remaining cryptocurrency in his wallet for now.

Another trader even increased his investment by 3,176 times:

“This guy sold all 15.15 million GOAT on October 15th and turned his 5 SOL ($727) into 15,883 SOL ($2.44 million) in just five days! He increased his capital by 3,176 times! Interestingly, he took the pseudonym ‘stupidmoney.sol’ (‘stupid money.sol’),” writes the Lookonchain service.

Well-known Altcoin analyst Sherpa believes that even from current positions, the growth potential of GOAT could be about 70%.

It was previously reported that the Tron network benefited significantly from the emergence of the SunPump platform for issuing memcoins.