Blockchain tracking firm Lookonchain has revealed that a shrewd crypto trader has made a whopping $17.64 million in profits from four artificial intelligence (AI) related digital assets. These assets are all part of the Solana (SOL) network and have seen impressive gains in recent times.
According to Lookonchain, an anonymous trader has managed to rake in multi-million dollar profits from the following digital assets: Goatseus Maximus (GOAT), ai16z (AI16z), Fartcoin (FARTCOIN), and AI Rig Complex (ARC). The trader’s savvy moves have resulted in significant gains across the board.
The trader’s success story begins with GOAT, where he made an astounding 8,287% gain. Investing when the market cap was less than $2 million, the trader spent $62,000 to buy 11.1 million GOAT and sold them for $5.2 million, pocketing a profit of $5.14 million in the process.
Moving on to ai16z, the trader turned $123,000 into more than $4.6 million after buying the asset in November. With a market cap of $22 million at the time of investment, the trader’s smart moves paid off handsomely.
Fartcoin also proved to be a lucrative investment for the trader, with a more than 3,338% gain. Investing when the market cap was less than $7 million, the trader spent $121,000 to buy 9.46 million Fartcoin and made a total profit of more than $4 million.
Lastly, the trader made a healthy 1,886% gain on trading ARC. Investing when the market cap was $15 million, the trader spent $212,000 to buy 11.6 million ARC and made a total profit of $4 million.
At the time of writing, GOAT is trading for $0.51, ai16z for $2.19, Fartcoin for $1.17, and ARC for $0.43. These digital assets have shown impressive price movements in the last 24 hours, reflecting the trader’s successful investment decisions.
Overall, the trader’s astute moves in the AI-related digital assets have resulted in substantial profits, showcasing the potential for significant gains in the crypto market. This success story serves as a reminder of the opportunities present in the ever-evolving world of cryptocurrencies.
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