GOAT surges nearly 30% after OKX listing announcement

OKX announced that it will list the Solana-based meme coin, GOAT, for spot trading on its platform on December 12 at 10:00 UTC. Shortly after the announcement, its price was increased by 28.8%.

OKX is one of the largest crypto exchanges by trading volume name that it lists the most popular ones one corner Goatseus Maximus (GOAT) on December 12. Deposits for the token will open at 6:00 UTC, and spot trading for GOAT/USDT pairs will begin at 10:00 UTC. GOAT users will be able to withdraw from 14:00 UTC.

After the announcement was made public, the Goatseus Maximus token saw an increase in its price. According to data from crypto.newsGOAT skyrocketed by 28.8% in the last 24 hours. today stands at 0.83 $. Over the past week, the token has increased by 9.47%.

GOAT has a market cap of $809 million, landing at number 21 among the top meme coins based on market cap. The token has maintained a 24-hour trading volume of $492 million and a circulating supply of over 999 million tokens.

OKX said it will limit market orders in the first five minutes after trading begins to protect traders from price volatility. Each order is limited to a maximum value of $10,000.

According to the announcement, the crypto exchange will hold a call auction system for GOAT which is scheduled to take place on December 12 from 9:00 UTC to 10:00 UTC. The call auction mechanism allows users to submit buy and sell orders at desired prices based on trading limits before the pair officially launches trading.

The trading system will generate an opening price based on bids and call auction rules. At the end of the call auction, OKX will display the project team's opening price as spot trading begins. The opening price of the project team is for information only, it does not fix the opening price set by the call auction tool and does not affect the trading prices.

Goatseus Maximus was born out of an idea created by Truth Terminal, an AI chatbot created by Andy Ayrey that works semi-independently with human moderators managing their X posts. GOAT started one of the Truth Terminal autodialogues. It didn't take long before the GOAT token was created on pump.fun. GOAT's market cap skyrocketed after its creation.