Bithumb Lists AI Meme Coin Goatseus Maximus (GOAT), Trading Begins Dec. 17

South Korean cryptocurrency exchange Bithumb has officially listed Goatseus Maximus (GOAT), an AI-driven meme coin, on its platform. Trading for the coin against the Korean won (KRW) commenced on December 17 at 04:00 UTC, with deposits and withdrawals opening two hours later.

Details of the Bithumb Listing

Bithumb’s announcement outlined the timeline for GOAT’s integration into its Korean won market. Following the launch, initial trading was subject to restrictions, with buying and selling orders limited during the first five minutes to ensure orderly market activity.

GOAT, which operates on the Solana blockchain, has gained viral attention as a meme coin promoted by an AI chatbot called Truth Terminal. Despite its popularity, GOAT’s price action following the Bithumb listing has been muted. Shortly after the announcement, the token rose by 4% but quickly reversed, dropping by 1.16% within a few hours.

Contrasting Performance with OKX Listing

GOAT’s subdued reaction on Bithumb contrasts sharply with its debut on the major crypto exchange OKX on December 12, where it experienced a 30% price surge following its listing. Analysts suggest that GOAT’s lackluster performance on Bithumb could indicate waning momentum for the meme coin despite its earlier hype.

Over the past week, GOAT has posted a 22% gain, but on a monthly scale, the token remains down by approximately 42%. Recent challenges also saw GOAT lose its rank as the second-largest AI meme coin to FARTCOIN, after its market capitalization briefly fell below the $700 million threshold.

Current Market Performance

At the time of writing, GOAT has regained a market cap of $709 million, supported by a robust 24-hour trading volume of $452 million. The token is currently priced at $0.71, slightly above Bithumb’s base listing price of 976 KRW ($0.67).

Origins and Viral Success

The Goatseus Maximus meme coin originates from a viral internet meme known as Goatse, which gained renewed attention through promotion by the AI chatbot Truth Terminal. The coin was launched on pump.fun, rapidly attracting significant investor interest and achieving a multimillion-dollar market cap shortly after its debut.

Future Outlook for GOAT

While meme coins are known for their unpredictable market behavior, GOAT’s Bithumb listing underscores its growing recognition in the cryptocurrency space. However, the token’s recent performance suggests that sustaining long-term growth may require more than viral appeal.

With its market cap back above $700 million, Goatseus Maximus will need to leverage its AI-driven narrative and upcoming exchange listings to regain investor confidence and reestablish its position among the top AI meme coins.