An early $GOAT investor missed out on a profit of $8.9 million after selling his holdings prematurely. According to recent reports from the Lookonchain, the trader initially purchased 21.26 million $GOAT tokens for just 2.07 $SOL, equivalent to around $408. However, the investor sold off the entire batch of tokens just days later for only 2.8 $SOL, realizing a small profit of $108.Â
In the eight days following the sale, the value of $GOAT skyrocketed. The tokens sold for $408 surged to $8.9 million. This missed opportunity has drawn the attention of the whole cryptocurrency trading community. The trader could have benefited from an immense profit if they had held onto the $GOAT tokens for a few more days.
The $GOAT Token’s Meteoric Rise
The $GOAT token, listed on Solana’s decentralized exchange Raydium, has grown substantially in the past week. As reflected in the trading data, the token’s market capitalization surged to $425.5 million within a few days. Liquidity in the token has reached $5.9 million, indicating strong interest from both buyers and sellers.Â
The token’s value increased by 25.93% within the last six hours of trading. However, at the time of writing, the $GOAT token was trading at $0.4633, a 59% increase over the past 24 hours.
Regret and Unlikely Second Chance
The trader, who initially spotted the potential of $GOAT and bought in early, missed the subsequent price surge. After making the quick sale for a minor profit, they did not make any further trades, according to the blockchain data.
With $GOAT’s value increasing by over 33% within one day, the missed chance to hold on to the tokens is undoubtedly regrettable. The growth of $GOAT continues to make waves in the crypto space, and traders are now paying close attention to its performance.
