Blockchain tracking firm Lookonchain has revealed that an anonymous crypto trader has made incredible profits on an AI-related digital asset within just three months. The trader reportedly purchased nearly 21 million utility tokens for the AI agent project ai16z (AI16Z) and has seen a massive return on investment.
According to Lookonchain, the trader initially bought 13.45 million ai16z tokens for $70,000 and then acquired an additional 7.45 million tokens for $547,000. As of now, the trader holds 6 million ai16z tokens, valued at $11.04 million, resulting in a total profit of $11.5 million, which translates to an impressive 16,564% return.
AI16Z is currently trading at $1.37, experiencing a 20.4% decrease in the last 24 hours. The Solana-based altcoin has a market cap of $1.5 billion, making it the 84th-largest cryptocurrency project in the market.
In addition to his successful investment in AI16Z, the trader has also seen significant profits from two other Solana-based AI-focused projects. Lookonchain reports that the trader has gained over 808% on his Zerebro (ZEREBRO) investment.
The trader entered the Zerebro market when the project had a market cap of $11 million and spent $295,000 to purchase 6.45 million ZEREBRO tokens. After selling 1.4 million tokens for $697,000, the trader currently holds 5 million ZEREBRO tokens, valued at $1.98 million, resulting in a total profit of $2.38 million.
Zerebro is currently trading at $0.29, with a market cap of $299.8 million, making it the 276th-largest cryptocurrency project. Additionally, the trader has gained over 2,648% on his GRIFFAIN (GRIFFAIN) purchases.
The trader entered the GRIFFAIN market when the project had a market cap of less than $8 million and spent $125,000 to acquire 8.05 million GRIFFAIN tokens. After selling 3.05 million tokens for $1.22 million, the trader currently holds 5 million GRIFFAIN tokens, valued at $2.22 million, resulting in a total profit of $3.32 million.
GRIFFAIN is currently trading at $0.34, with a market cap of $342.6 million, making it the 256th-largest cryptocurrency project in the market. The trader’s success in these AI-focused projects highlights the potential for significant returns in the crypto market.
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Image Source: Midjourney.