A crypto trader has made a massive $17.64 million profit trading four AI-related cryptocurrencies on the Solana network, according to blockchain analytics firm Lookonchain. The trader’s success involved shrewd investments in Goatseus Maximus (GOAT), ai16z, Fartcoin (FARTCOIN), and AI Rig Complex (ARC).
Goatseus Maximus (GOAT) – A Winning Bet
The trader’s biggest win came from GOAT. They invested a relatively small $62,000 when the market cap was under $2 million, buying 11.1 million GOAT tokens. They later sold everything for $5.2 million, netting a profit of over $5.14 million – an 8,287% return! At the time of writing, GOAT is trading at $0.51, and has a market cap of $512.1 million.
ai16z – A Smart Investment
Next, the trader invested $123,000 in ai16z in November, when its market cap was $22 million. They sold a portion of their holdings for $1.78 million, and still hold $2.9 million worth of ai16z. This resulted in a profit exceeding $4.5 million. ai16z is currently trading at $2.19, with a market cap of $2.4 billion.
Fartcoin (FARTCOIN) – High-Risk, High-Reward
The trader also made a significant profit on Fartcoin. With an initial investment of $121,000, they achieved a more than 3,338% return, selling some of their holdings for a profit of over $4 million. They still hold a significant amount of FARTCOIN. Currently, FARTCOIN trades at $1.17, boasting a market cap of $1.17 billion.
AI Rig Complex (ARC) – Another Successful Trade
Finally, the trader’s investment in ARC also proved lucrative. After investing $212,000, they made a profit of over $4 million. They still hold a substantial amount of ARC tokens. ARC is currently trading at $0.43, with a market cap of $435 million.
Disclaimer: Investing in cryptocurrencies is risky. This story highlights a successful trade, but it’s not a guarantee of future returns. Always do your research before investing./p>
