South Korean cryptocurrency exchange Bithumb added the AI meme coin Goatseus Maximus (GOAT) to its platform on Dec. 17, 2024.
Bithumb announced this listing on its Korean won market beginning at 04:00 UTC on Dec. 17, with deposit and withdrawal services available two hours later. The exchange also sets trading rules that limit buy and sell orders within the first five minutes of trade.
Bithumb revealed that the AI meme coin’s initial base price would be 976 Korean won ($0.67), though it was trading at $0.71 at the time of publication. This price point places it in competition with other meme coins in the market, which have also noted an increase in value amid the rise of AI and meme coin culture.
GOAT’s Price Action Post-Listing
Despite the high anticipation surrounding the listing, the AI meme coin’s response has been mixed. The token’s price increased by 4% before dipping by 1.16% within a few hours of trading.
The meme coin inspired by the viral Goatse meme initially gained popularity after being promoted by the AI chatbot Truth Terminal. It had previously debuted on OKX, another major exchange, on Dec. 12, where it saw a 30% surge in value.
However, the Bithumb listing failed to replicate this positive trend. Over the past 24 hours, the AI meme coin’s value has surged by 5.8% and is currently trading at $0.67.
24-Hour Price Chart. | Source: CoinGecko
Market Performance
Despite this setback, the meme coin’s performance has improved over the past week, up by 22%. In the past month, the token has lost 42% of its value.
Recently, its market capitalization fell below $700 million, allowing FARTCOIN, another AI meme coin, to overtake it in the rankings. The token’s potential launch on the pump.fun platform could boost its market cap further.
The success or failure of this move, combined with ongoing price fluctuations, will determine the token’s future stability and investor confidence.
Market Cap Ranking, Dec. 17 | Source: CoinGecko