A trader stole the spotlight after making a spectacular $17.5 million profit from trading AI coins, including FARTCOIN, AI16Z, ARC, and GOAT. The trader has since shifted their focus to newer, emerging coins. Blockchain analytics platform Lookonchain spotlighted the trader’s gains in a January 5 thread on X. According to the post, the trader’s biggest trade was from their GOAT position. After buying 11.1 million GOAT tokens when the crypto’s market cap was below $2 million, the trader went on to sell the tokens for a net profit of $5.14 million. Breaking down the multi-million dollar strategy The trader also “aped” into AI16Z when its total valuation was still at around $22 million according to Lookonchain data. After spending $123K to acquire 6.17 million AI16Z tokens, the trader sold 4.67 million tokens. On-chain analytics shows that the trader still holds 2.65 million tokens valued at $2.9 million, with the total profit for the trade standing at over $4.5 million. When it comes to FARTCOIN, the trader invested $121,000 when the token’s market capitalization was less than $7 million. This proved to be another profitable move, with the trader going on to sell 6.81 million tokens for $610,000. Following the sale, the trader still holds 2.65 million tokens worth $3.55 million, resulting in over $4 million in profits. 4/ This trader aped into $Fartcoin when its market cap was less than $7M, spent $121K to buy 9.46M $Fartcoin, and sold 6.81M $Fartcoin for $610K. He currently holds 2.65M $Fartcoin($3.55M), with a total profit of more than $4M. pic.twitter.com/SOb3Yme6fp — Lookonchain (@lookonchain) January 5, 2025 Lookonchain’s X thread also revealed that the trader spent $212,000 to acquire 11.6 million ARC tokens when the crypto’s market cap stood at $15 million. The trader offloaded a portion of the holdings on the market, approximately 1.6 million tokens, for $212,000. The trader still holds 10 million tokens worth $4 million. Trader pivots to emerging AI coins The trader appears to be riding their hot hand as they have already shifted their focus to upcoming AI coins. Some of the AI coins that the trader has added to their portfolio include Create, Pippin, Sandy, and Forge. The strategic shift in focus comes as AI cryptos saw their collective market capitalization rise by 0.3% in the last 24 hours. Almost all of the top 10 biggest coins in this subset of the crypto market recorded gains throughout the past day. The only top 10 AI coins that suffered 24-hour losses were Bittensor and Virtuals Protocol . Create’s price rose more than 42%, according to data from CoinGecko . Similarly, Pippin pumped 26%, while Sandy’s price soared more than 68% during the past 24 hours to make the AI crypto one of the best performers on the daily time frame. Forge also saw its price skyrocket 49% in the last 24 hours to trade at $0.02536 as of 5:55 a.m. EST. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
