The Goatseus Maximus (GOAT) meme coin on Solana has been generating significant buzz in the crypto market recently, with social media chatter and price action indicating growing interest. Now, BitMEX co-founder Arthur Hayes has hinted at the potential for GOAT to see another 10x price surge, further fueling market speculation.

Hayes highlighted a report from Bloomberg contributor Matt Levine that mentioned GOAT, suggesting this coverage from a prominent figure could catalyze a rally. He drew parallels to another popular Solana meme coin, dogwifhat (WIF), which saw a 10x price increase after being mentioned by Levine previously.

“Congrats degens, GOAT got a mention from Matt Levine – he is the boomer fin influencer. WIF got a mention and then it 10x’d. GOAT = infinity,” Hayes posted on X.

This isn’t the first time Hayes has expressed bullish sentiment on GOAT. He recently revealed plans to invest in the token shortly after stating he was reducing meme coin holdings due to market uncertainty. This reversal suggests growing confidence in GOAT’s upside potential.

At time of writing, GOAT was trading at $0.4482, up over 23% in the past 24 hours with $155.01 million in trading volume. The token hit a high of $0.4707 and a low of $0.3733, indicating significant volatility.

While top meme coins can generate substantial short-term returns, they also carry high risk. Investors should exercise caution and conduct thorough research before trading low-priced tokens like GOAT.

That said, some traders have already booked significant profits from GOAT’s recent price action. Technical analysis suggests GOAT could potentially rally to the $0.50 level in the near-term if bullish momentum continues.