Altcoin
GOAT Price At Risk? Truth Terminal Treasury’s Last Migration Sparks Concerns
In a riveting turn of events, investors are apprehensively eyeing Goatseus Maximus (GOAT) price as the token’s backer, Truth Terminal, announced its last treasury migration. The AI-based entity’s co-founder, Andy Ayrey, on Wednesday announced that the treasury’s last migration is now underway. In turn, market watchers remain apprehensive over the meme-inspired coin integrating AI technology despite its upside intraday movement.
Truth Terminal Announces Last Treasury Migration Raising Concerns Over GOAT
In an X post by Andy Ayrey dated November 27, the Truth Terminal co-founder notified that the firm’s last treasury migration is underway. Although the co-founder assured users of safety amid the funds transfer, market watchers remain apprehensive.
Notably, Andy added that all of the funds are being moved into a proper, globally distributed multisig address. The new TT address is ‘3xzTSh7KSFsnhzVvuGWXMmA3xaA89gCCM1MSS1Ga6ka6.’
Meanwhile, the co-founder previously announced that the ecosystem was performing a few security upgrades on the treasury. In line with this move, the last transfer commenced today. Also, Andy notified that “all balances will remain public and no trades, buys, and sells until we have a clear public statement on wallet governance!” Nevertheless, usual market sentiments express concerns for the meme coin in light of such a shift in treasury funds. However, it’s also noteworthy that the coin is known for offering investors gains.
How’s The Crypto Performing?
Despite market concerns, GOAT price traded in the green intraday, up nearly 13% to $0.8383. Its intraday low and high were $0.7362 and $0.8799, respectively. Notably, the token’s intraday trading volume soared 27% to $407.51 million. GOAT’s rising movement has in turn defied the broader market trend.
Simultaneously, Coinglass data indicated that Goatseus Maximus futures OI witnessed a 10% uptick to $252 million. Also, the derivatives volume soared 11% to $388 million. Overall, this data underscored significant market interest in the token despite Truth Terminal’s treasury funds migration. However, market watchers continue to eye the coin for further price action maneuvers ahead amid recent ecosystem developments.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
✓ Share: