Blockchain tracking firm Lookonchain says one savvy crypto trader is looking at $17.64 million in profits from four artificial intelligence (AI) related digital assets.
According to Lookonchain, one anonymous trader raked in multi-million dollar profits on each of the following digital assets that are on the Solana (SOL) network: Goatseus Maximus (GOAT), ai16z (AI16z), Fartcoin (FARTCOIN) and AI Rig Complex (ARC).
“What a smart AI coin trader! Profits exceeded $5.14 million on GOAT. Profits exceeded $4.5 million on ai16z. Profits exceeded $4 million on Fartcoin. Profits exceeded $4M on Arc.”
Lookonchain says the trader made a more than 8,287% gain from his GOAT buy.
“This trader aped into GOAT when its market cap was less than $2 million, spent $62,000 to buy 11.1 million GOAT, and sold all GOAT for $5.2 million, with a profit of $5.14 million.”
GOAT is trading for $0.51 at time of writing, down 4.9% in the last 24 hours. With a market cap of $512.1 million, GOAT is the 208th largest crypto project.
Next up, Lookonchain says the trader turned $123,000 into more than $4.6 million after buying ai16z in November.
“This trader aped into ai16z when its market cap was $22 million, spent $123,000 to buy 6.17 million ai16z, and sold 4.67 million ai16z for $1.78 million. He currently holds 2.65 million ai16z ($2.9 million), with a total profit of more than $4.5 million.”
At time of writing, ai16z is trading for $2.19, up 20.5% in the last 24 hours. With a market cap of $2.4 billion, the digital asset is the 67th largest crypto project.
Next up, the trader turned a more than 3,338% gain when trading Fartcoin, according to Lookonchain.
“This trader aped into Fartcoin when its market cap was less than $7 million, spent $121,000 to buy 9.46 million Fartcoin, and sold 6.81 million Fartcoin for $610,000. He currently holds 2.65 million Fartcoin ($3.55 million), with a total profit of more than $4 million.”
Fartcoin is trading for $1.17 at time of writing, down 9.5% in the last 24 hours. The altcoin has a market cap of $1.17 billion, making it the 119th largest crypto project.
Lastly, the trader made more than a 1,886% gain on trading ARC.
“This trader aped into ARC when its market cap was $15 million, spent $212,000 to buy 11.6 million ARC, and sold 1.6 million ARC for $212,000 back. He currently holds 10 million ARC ($4 million), with a total profit of $4 million.”
ARC is trading for $0.43 at time of writing, up 19.7% in the last 24 hours. With a market cap of $435 million, altcoin is the 239th largest crypto project.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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