In a surprising turn of events, a veteran cryptocurrency trader has demonstrated the potential of artificial intelligence (AI) coins by generating impressive profits from them. According to analytics provider Lookonchain, the trader has amassed gains of up to $17M using AI tokens such as $GOAT, $ai16z, $Fartcoin, and $arc. The trader’s approach appears to involve targeting low-cap tokens and implementing strategic maneuvers to maximize the potential returns. This method showcases the trader’s focus on portfolio diversification and making informed, calculated decisions.
In detail, the trader’s profits break down as follows: a staggering $5.14M on $GOAT, $4.5M on $ai16z, and $4M each on $Fartcoin and $arc. These figures have certainly sparked interest across the cryptocurrency market, and many are curious to understand more about the trader’s investment strategy.
In the case of $GOAT, the trader began investing when its market capitalization was under $2M. The trader spent $62,000 to acquire 11.1M $GOAT tokens. When $GOAT reached its peak, the trader promptly sold all holdings for a return of $5.2M, achieving a net profit of $5.14M.
For the $ai16z token, the trader started investing when its market capitalization was around $22M. The trader spent $123,000 to purchase 6.17M $ai16Z tokens. The trader later sold 4.67M tokens for nearly $1.78M, while retaining 2.65M tokens valued at $2.9M. Consequently, the trader’s total profits from $ai16z exceeded $4.5M.
As for $Fartcoin, the trader invested $121,000 to acquire 9.46M tokens. Upon reaching its market peak, the trader sold 6.81M for approximately $61,000, while holding onto 2.65M tokens valued at $3.55M. This led to a cumulative gain exceeding $3.55M.
Lastly, for $arc, the trader invested $212,000 to buy 11.6M coins. Upon exiting, the trader sold 1.6M $arc tokens for the original investment amount, while retaining 10M $arc, now valued at $4M. This resulted in a profit of $4M.
This extraordinary story of a veteran crypto trader’s success proves the potential of AI coins in the cryptocurrency market. It serves as a testament to the importance of strategic planning, market analysis, and portfolio diversification. As the crypto trade continues to evolve, such examples provide valuable insights and lessons to both seasoned traders and novices in the market.
