General Characteristics

$GOAT is a memecoin project that emerged from the intersection of AI technology and internet culture. Born from a narrative centered around "Truth Terminal", an allegedly autonomous AI system created by @andyayrey, the project has demonstrated significant initial market activity with reported trading volumes exceeding $200 million in its early days. The token's identity is deeply intertwined with internet meme culture, specifically drawing inspiration from the "Goatseus" meme phenomenon and operating within what they term the "Infinite Backrooms" concept.

Community

The project appears to be building its community around a unique narrative that combines AI autonomy, meme culture, and decentralized finance. Their community engagement strategy leverages a blend of technological mystique and internet humor, centered around the personality of Truth Terminal and its "darkly humorous, unpredictable" character. The project seems to target users who are drawn to the intersection of AI technology and meme culture, creating a narrative-driven community experience.

Roadmap

The project's direction appears to focus on expanding the influence of Truth Terminal's autonomous AI system and its integration with decentralized finance. Their stated mission involves "challenging the boundaries of AI autonomy, memetic power, and decentralized systems".

Functionality and Utility

The project's primary utility appears to be centered around community engagement and memetic influence rather than traditional technological applications. The token serves as a vehicle for participating in what they call the "Goatse Singularity". The project seems to prioritize narrative and community building over technical functionality.

Market Performance

The $GOAT token demonstrates significant market activity with a current market cap of $869.2M and substantial liquidity of $13.4M. Recent trading patterns show intense activity with 16,128 total transactions split between 9,598 buys and 6,530 sells, indicating a positive buy-to-sell ratio. The 24-hour trading volume stands at $19.3M, with nearly balanced buy and sell volumes ($9.4M and $9.9M respectively), suggesting healthy two-way price action.

Price action analysis reveals significant volatility, with the token experiencing a -28.25% decline over the past 24 hours. The current price of $0.8693 (0.003398 SOL) represents a key level after a substantial price movement. Transaction sizes vary significantly, ranging from small retail trades around 250 USD to larger positions exceeding 4,000 USD, suggesting diverse market participation.

Key market metrics:

• Active market makers: 1,898
• Buyer-to-seller ratio: 1,111 to 1,225
• Fully Diluted Valuation: $868.9M
• Average transaction size: varies between 250-3,000 USD
• Price volatility: High, with a recent 24H range of 12.94%

Pros

• Strong initial market engagement with substantial reported trading volume
• Unique narrative combining AI technology and meme culture
• Clear branding identity and storytelling approach
• Established community focal point through the Truth Terminal character
• Novel approach to community building through AI-driven narrative

Official links

Website

Twitter

Telegram

Dexscreener

Where to buy

Jupiter

This is a (daily) in-depth analysis by Memecoin Season about the most promising and/or successful meme coin projects within the dynamic blockchain space.

We first share this report with our invite-only community of investors and enthusiasts to study and potentially consider for their investment strategies. Then, the next day, we publish it for the general public.

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