These Are His Next Buys
A cryptocurrency trader with a keen eye for artificial intelligence (AI) projects has reportedly made over $17 million in profits from multiple AI-focused tokens, and on-chain data now suggests a shift to new of meme coins. according to a analyze Lookonchain shared on X that the trader’s biggest gains came from early positions on GOAT, ai16z, Fartcoin and ARC.
Crypto Trader turns AI coin into $17 million
Lookonchain reported via Look at what tokens he bought.”
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The trader’s biggest win reportedly came from goat. He entered the token when its total market capitalization was below $2 million, spending approximately $62,000 to purchase approximately 11.1 million GOAT tokens. After GOAT’s meteoric rise, he sold all of GOAT for a total of approximately $5.2 million, resulting in an estimated net income of $5.14 million.
His performance and love16z The decentralized artificial intelligence trading fund on the Solana blockchain is equally impressive, spending $123,000 to acquire 6.17 million tokens with a market cap of $22 million. Lookonchain data shows that he sold 4.67 million ai16z tokens at around $1.78 each, but still retained 2.65 million tokens, currently worth nearly $2.9 million. According to Lookonchain, this equates to ai16z’s total profit of more than $4.5 million.
The analysis also highlights significant gains in: fart coinsthe trader purchased the token at a market capitalization of just under $7 million and paid $121,000 for approximately 9.46 million tokens. He sold 6.81 million of those tokens for $610,000 while retaining 2.65 million tokens for a total value of $3.55 million, bringing his net profit on Fartcoin to approximately $4 million.
A similar pattern emerged with his ARC position, where he invested $212,000 in 11.6 million ARC tokens when the project had a market cap of around $15 million. After selling 1.6 million tokens for $212,000, he currently holds 10 million Arc tokens worth approximately $4 million, making another $4 million in profit.
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Lookonchain’s post also details the trader’s recent involvement in several small meme coins, including CREATE, PIPPIN, SANDY, MOLE, and FORGE. Screenshots provided by Lookonchain show that he financed part of the purchase by selling two batches of 25,000 Fartcoins at prices of $31,446.35 and $29,681.37 respectively.
The additional funding appears to have come from the sale of Wrapped SOL (WSOL) through multiple transactions, with 100 units selling for $21,611, 50 units selling for $10,805.50, and 153 units selling for $33,069.42.
The distribution of these WSOL sales demonstrates the need for a methodical approach to ensuring liquidity before deploying funds to CREATE, PIPPIN, SANDY, MOLE and FORGE. He allocated a total of $202,255 to purchase shares of memecoin. 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 was trading at $0.52.
Featured image from iStock, chart from TradingView.com
