blockchainreporter.net
A whale has grabbed market attention following his purchase of this under-recognized token, Arc (ARC). As reported by Onchain Lens, the whale has made significant thousands of dollars from the latest AI-focused token.
Whale makes impressive earnings from Arc
On January 7, Onchain Lens shared data showing that the whale spent $2 million USDC to buy 4.92 million Arc (ARC) tokens at an average price of $0.40.
Since then, the coin has witnessed an incredible rise of 10.3%, currently trading at 0.0419, making the trader realize incredible gains from his initial and latest trades. Currently, the trade holds 10.19 million ARC tokens worth $3.99 million, with a floating profit of $740,000.
In the past 13 hours, a whale spent $2M $USDC to buy 4.92M $ARC at an average price of $0.40.
— Onchain Lens (@OnchainLens) January 7, 2025
Currently, the whale holds 10.19M $ARC worth $3.99M, with a floating profit of $740K.
Address: FBiJdTjiwb7AJY5bWm4sh6BnV63EtMfegftvYhUaJLqn pic.twitter.com/XOqjPc2sqF
The whale’s activity shows how savvy traders make thousands and millions investing in little-known cryptocurrencies with potential. By capitalizing on the price rise and holding assets for some time (for example two to three months or even more), these investors are exposed to secure amazing gains.
The whale’s gain happened after another smart trader generated a massive profit of $4 million by accumulating ARC. The trader bought when the entire market cap of this AI token was below $15 million and spent a total of $212,000 to purchase the tokens. Due to the price increase, the trader holds the ARC tokens currently worth $4 million in his wallet.
The whale also bought other AI tokens and meme coins exploiting the same strategy (buying tokens when their market caps are low). He spent $62,000 to buy GOAT, $123,000 to purchase ai16z, and $121,000 to buy Fartcoin. Currently, the trader holds these coins with a floating profit of $5.14 million, $4.5 million, and $4 million respectively, according to Lookonchain.
ARC price updates
It appears the two whales took advantage of the token listing on the CoinW crypto trading platform to accumulate the asset hoping for a potential price surge soon. On January 6, CoinW listed the Al agent to enable users to access and trade it.
ARC is currently trading at $0.0419, up 10.3% over yesterday. It has experienced a remarkable rise in its trading volume by 73.40%, indicating a recent increase in market activity. It has been up 43.10% in the past seven days, meaning it is outperforming the global digital asset market which is up 10.70% currently.
The buzz around artificial intelligence continues to make AI-driven tokens to gain traction. ARC is among the latest sensations, including ai16z, Virtuals Protocol, and others, which redefine the crypto trading space with artificial intelligence.
AI agents are capturing rising user interest due to their potential to generate unique investment opportunities, which other cryptocurrencies and meme coins don’t offer. They are also recognized for enhancing online productivity and simplifying decision-making processes.