blockchainreporter.net
A veteran crypto trader has surprised the crypto community by using artificial intelligence (AI) coins to gain significant profits. As per Lookonchian, the trader generated huge gains of up to $17M with several AI tokens, sparking interest across the market. In this respect, it leveraged $GOAT, $ai16z, $Fartcoin, and $arc. In this respect, the trader reportedly targets low-cap tokens and carries out strategic moves to capitalize on them. This profit-taking strategy reveals the trader’s focus on portfolio diversification and calculated decisions for profits.
What a smart #AI coin trader!
— Lookonchain (@lookonchain) January 5, 2025
Profits exceeded $5.14M on $GOAT.
Profits exceeded $4.5M on $ai16z.
Profits exceeded $4M on $Fartcoin.
Profits exceeded $4M on $arc.
Let’s take a look at which tokens he is buying.
1/ A thread🧵 pic.twitter.com/UkD36wuH6Z
Crypto Trader Invests $62,000 in $GOAT to Get $5.14M in Gains
Lookonchain pointed out that the trader made a $17M in profit via different crypto tokens, including $GOAT, $ai16z, $arc, and $Fartcoin. The analytics provider mentioned that, in the case of $GOAT, the trader started the activity when its capitalization was below $2M.
At that time, the trader bought 11.1M $GOAT tokens by spending $62,000. Following that, the trader exited the market at $GOAT’s peak, selling all the holdings for up to $5.2M. Hence, the trader obtained a $5.14M in profits.
$ai16z Provides $4.5M in Profit
In addition to this, the trader started dealing with $ai16z when it had a market cap of nearly $22M. The trader utilized $123,000 to purchase 6.17M $ai16Z tokens. After that, the trader sold 4.67M tokens for almost $1.78M. Thus, the trader retained 2.65M tokens with a worth of $2.9M while the cumulative profit thereof exceeded $4.5M.
Trader Gets $3.55M in $Fartcoin and $4M in $arc
According to Lookonchain, the crypto trader entered the $Fartcoin market with an investment of $121,000 for 9.46M tokens. Subsequently, at the market peak, the trader sold 6.81M for approximately $61,000. Additionally, the trader retained 2.65M tokens with a worth of $3.55M while the cumulative gain exceeded $3.55M.
Moreover, the trader entered the $arc market with an investment of $212,000 to buy 11.6M coins. While exiting, the trader sold 1.6M $arc tokens for the original investment figure, retaining 10M $arc which now has a value of $4M. With this, the trader has $4M in profits.