A cryptocurrency trader who specializes in artificial intelligence (AI) projects has recently made an impressive profit of over $17 million from various AI-focused tokens. According to an analysis shared by Lookonchain on X, the trader’s biggest gains came from early investments in tokens such as GOAT, ai16z, Fartcoin, and ARC.
The trader’s success story began with GOAT, a token that had a market cap of less than $2 million when he entered the market. He invested around $62,000 to acquire approximately 11.1 million GOAT tokens. As the token’s value soared, he sold his holdings for a total of $5.2 million, resulting in a profit of $5.14 million.
Similarly, his venture into ai16z, a decentralized AI-powered trading fund on the Solana blockchain, proved to be lucrative. With an initial investment of $123,000, he acquired 6.17 million tokens when the market cap was $22 million. Selling 4.67 million tokens at $1.78 each, he still holds 2.65 million tokens valued at $2.9 million, resulting in a profit of over $4.5 million.
Fartcoin and ARC also brought substantial profits to the trader. Investing in Fartcoin when its market cap was under $7 million, he purchased around 9.46 million tokens for $121,000. After selling a portion of his holdings and retaining 2.65 million tokens valued at $3.55 million, he made a profit of approximately $4 million. A similar pattern emerged in his ARC investment, where he acquired 11.6 million tokens for $212,000 and made a profit of $4 million.
In addition to his successful AI token investments, the trader has recently diversified his portfolio by entering the memecoin market. He has invested in smaller-cap memecoins such as CREATE, PIPPIN, SANDY, MOLE, and FORGE. To fund these new investments, he sold Fartcoin and Wrapped SOL (WSOL) in strategic transactions, securing liquidity before allocating $202,255 to acquire stakes in the memecoins.
At present, GOAT is trading at $0.52. The trader’s strategic moves and profitable investments demonstrate his skill in navigating the cryptocurrency market and capitalizing on emerging trends. His success serves as a testament to the potential for significant gains in the volatile world of cryptocurrency trading.
In conclusion, the trader’s journey from AI tokens to memecoins showcases his adaptability and keen sense of market trends. With a track record of substantial profits and a willingness to explore new opportunities, he continues to make waves in the cryptocurrency space.