Bithumb lists AI meme coin GOAT on Dec. 17

South Korean crypto exchange Bithumb adds the Truth Terminal meme coin, Goatseus Maximus, to its listings. Trading support for GOAT and Korean won pairs begin on Dec. 17 at 04:00 UTC.

In a recent notice, Bithumb announced that Goatseus Maximus (GOAT) will be added to the exchange’s Korean won market starting from Dec. 17 at 04:00 UTC. Deposit and withdrawal for the viral Solana-based meme coin start two hours after the notice was posted. While buying and selling orders are restricted within the first five minutes of trading.

Previously, GOAT made its debut on the major crypto exchange OKX on Dec. 12. The token saw a rise in value by 30% after listing on the exchange. However, the same cannot be said about the meme coin’s Bithumb listing.

Shortly after the notice was released, the token went up only slightly by nearly 4% before dropping by 1.16% a few hours later. In fact, the meme coin has been going downhill by 0.9% in the past 24 hours of trading.

This seemingly contradicts the general consensus, as most tokens experience a boost in value after major crypto exchanges announce their listings. In Goatseus Maximus case, the token has barely moved by much since Bithumb’s listing.

In the past week, GOAT has gone up by 22% according to data from crypto.news. Meanwhile, in the past month, the token went down nearly 42%. Most recently, GOAT was dethroned from the second rank among AI meme coins by FARTCOIN when its market cap slipped under the $700 million mark.

At the time of writing, GOAT’s market cap has been restored to $709 million with a 24-hour trading volume of $452 million.

In the Bithumb notice, the exchange informed users that GOAT will be offered at a base price of 976 won or equal to $0.67. According to data from crypto.news, GOAT is currently trading hands at $0.71.

The Goatseus Maximus meme coin originated from a viral meme called Goatse. It was then promoted by an AI chatbot called Truth Terminal. It did not take long before the GOAT token was created on pump.fun, gaining a market cap of million shortly after its launch.