In October, the meme coin Goatseus Maximus faced a significant 50% drop due to issues linked to the Terminal of Truths platform but soon recovered.
Issues with the Terminal of Truths Platform
The introduction of changes to the Terminal of Truths platform, launched in June 2024, led to system disruptions and decreased audience engagement with the Goat coin. Initially, Terminal of Truths began as "The Infinite Backrooms," an endless dialogue between two AI models launched in March, later adapted for interaction with crypto users.
Factors Affecting Goatseus Maximus Price
Despite the fact that the Terminal of Truths platform does not directly manage Goatseus Maximus meme coins, it heavily promotes them, influencing market sentiment. Errors in the platform's posts on X sparked rumors of human intervention, leading to a price drop. Once developers clarified the nature of these errors, the coin began to recover.
Recovery and Current Performance
As of October 22, Goatseus Maximus has recovered its positions, trading at $0.4378, up 19.46% in the last 24 hours. The trading volume stood at $188.41 million, down 46.20%, indicating increased investor interest.
Despite recent declines, Goatseus Maximus has shown a remarkable recovery, indicating investor confidence in this meme coin.