Crypto Trader Nets $17 Million From AI Coins: Here’s What He’s Buying Now
06 January 2025 - 8:00PM
NEWSBTC
A crypto trader with a keen eye for artificial intelligence (AI)
projects has reportedly amassed profits of more than $17 million
from several AI-focused tokens, and on-chain data now points to a
pivot toward fresh memecoins. According to an analysis shared by
Lookonchain on X, the trader’s largest gains stem from early
positions taken in GOAT, ai16z, Fartcoin, and ARC. Crypto Trader
Turns AI Coins Into $17 Million Lookonchain reports via X, “What a
smart AI coin trader! 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.” Related Reading: Altcoins Surge As Crypto Market Kicks Off
2025 On A High Note The trader’s most significant win reportedly
came from GOAT. He entered the token at a time when its overall
market cap was below $2 million dollars, spending around $62,000 to
purchase approximately 11.1 million GOAT tokens. After riding
GOAT’s rapid ascent, he sold all GOAT with a total of about $5.2
million, netting an estimated $5.14 million. His performance with
ai16z – a decentralized AI-powered trading fund on the Solana
blockchain – is similarly impressive, as he spent one $123,000 to
acquire 6.17 million tokens at a market cap of $22 million.
Lookonchain’s data indicates that he sold 4.67 million ai16z tokens
at around $1.78 each and still retains 2.65 million tokens
currently valued near $2.9 million. According to Lookonchain, this
amounts to a total ai16z profit of more than $4.5 million. The
analysis also highlights significant gains from Fartcoin, which the
trader bought at a market cap of under $7 million, paying $121,000
for around 9.46 million tokens. He sold 6.81 million of those
tokens for $610,000 while keeping 2.65 million tokens that are
collectively valued at $3.55 million, bringing his net profit on
Fartcoin to roughly $4 million. A similar pattern emerged in his
ARC position, where he invested $212,000 to acquire 11.6 million
ARC tokens when the project’s market cap was approximately $15
million. After selling 1.6 million tokens for $212,000, he
currently holds 10 million arc tokens worth about $4 million,
resulting in another $4 million profit. Related Reading: Crypto
Trader Capitalizes On Elon Musk’s X Name Change For 17,000% Return
Lookonchain’s post also details the trader’s recent moves into
several smaller-cap memecoins, including CREATE, PIPPIN, SANDY,
MOLE, and FORGE. A screenshot provided by Lookonchain shows that he
financed part of these purchases by selling Fartcoin in two batches
of 25,000 units for $31,446.35 and $29,681.37, respectively.
Additional funding appears to have come from selling Wrapped SOL
(WSOL) in multiple transactions, including 100 units for $21,611,
50 units for $10,805.50, and 153 units for $33,069.42. The
distribution of these WSOL sales suggests a methodical approach to
securing liquidity before deploying funds into CREATE, PIPPIN,
SANDY, MOLE, and FORGE. In total, he allocated $202,255 to acquire
stakes in the memecoins. He spent $61,127 on CREATE, $21,611 on
PIPPIN, $21,611 on SANDY, $65,486 on MOLE, and $32,420 on FORGE. At
press time, GOAT traded at $0.52. Featured image from iStock, chart
from TradingView.com
Solana (COIN:SOLUSD)
Historical Stock Chart
From Dec 2024 to Jan 2025
Solana (COIN:SOLUSD)
Historical Stock Chart
From Jan 2024 to Jan 2025