The co-founder of Truth Terminal announced the final treasury migration, raising market concerns despite the GOAT price surge.
In an exciting development, investors are nervously monitoring the price of Goatseus Maximus (GOAT) after Truth Terminal, the token’s supporter, revealed its final Treasury transfer.
Andy Ayrey, a co-founder of the AI-based company, declared on Wednesday that the Treasury’s final migration is currently in progress.
Despite its upward intraday rise, market observers are still concerned about the meme-inspired coin’s integration of AI technology.
Last Treasury Migration Announced By Truth Terminal Raises Concerns Regarding GOAT
Andy Ayrey, a co-founder of Truth Terminal, announced the company’s final treasury migration in an X post on November 27. Market observers are nonetheless concerned despite the co-founder’s assurances that users will be safe during the money transfer.
Andy noted that all of the money is being transferred to a legitimate multisig address that is internationally spread. “3xzTSh7KSFsnhzVvuGWXMmA3xaA89gCCM1MSS1Ga6ka6” is the new TT address.
The co-founder had previously disclosed that the ecosystem was upgrading the Treasury’s security. The final transfer started today with this action.
Additionally, Andy informed everyone that “until we have a clear public statement on wallet governance, all balances will remain public, and no trades, buys, and sells will occur!”
However, given this change in government money, current market attitudes indicate concerns for the meme coin. But it’s also important to understand that the coin has a reputation for making money for investors.
How Is Cryptocurrency Doing?
The GOAT price was up almost 13% to $0.8383 during the intraday trading session, despite market fears. Its intraday high was $0.8799, and its low was $0.7362.
Interestingly, the intraday trading volume of the token increased by 27% to $407.51 million. In turn, GOAT’s upward trajectory has defied the general market trend.
At the same time, Goatseus Maximus futures OI increased by 10% to $252 million, according to Coinglass statistics.
The amount of derivatives also increased by 11% to $388 million. Overall, this data showed that despite Truth Terminal’s treasury fund relocation, there was a sizable market interest in the token.
In light of recent ecosystem changes, market observers are still keeping a close check on the coin in anticipation of future price action manipulations.
