Blockchain tracking firm Lookonchain has reported that a proficient crypto trader has managed to accumulate a staggering $17.64 million in profits from four artificial intelligence (AI) related digital assets.
The anonymous trader, as per Lookonchain, has reaped multi-million dollar profits from four digital assets on the Solana (SOL) network. These assets include Goatseus Maximus (GOAT), ai16z (AI16z), Fartcoin (FARTCOIN), and AI Rig Complex (ARC).
According to Lookonchain, the trader made exceptional gains on each of these assets. For instance, the trader garnered a profit exceeding $5.14 million on GOAT, $4.5 million on ai16z, $4 million on Fartcoin, and another $4 million on ARC.
The trader’s most significant gain came from their investment in GOAT, where they saw an impressive 8,287% increase in profit. The trader initially invested $62,000 in GOAT when its market cap was less than $2 million. Subsequently, they sold their 11.1 million GOAT tokens for $5.2 million, resulting in a profit of $5.14 million.
At the time of writing, GOAT is trading at $0.51, with a market cap of $512.1 million, ranking as the 208th largest crypto project.
Moving on to ai16z, the trader turned $123,000 into over $4.6 million after investing in this asset in November. With a market cap of $2.4 billion, ai16z is currently trading at $2.19, up 20.5% in the last 24 hours, making it the 67th largest crypto project.
The trader also saw substantial gains from their investments in Fartcoin and ARC. They achieved a more than 3,338% gain on Fartcoin and a 1,886% gain on ARC. Fartcoin is currently trading at $1.17, with a market cap of $1.17 billion, while ARC is trading at $0.43, with a market cap of $435 million.
In conclusion, this savvy trader’s strategic investments in AI-related digital assets on the Solana network have resulted in remarkable profits, showcasing the potential for significant gains in the crypto market. The trader’s success serves as a testament to the opportunities available in the burgeoning world of digital assets and blockchain technology.