A savvy trader has capitulated on the booming AI agent coin vertical, pocketing an eight figure sum by identifying trending coins early.
What Happened: Lookonchain data highlighted the trader’s details, who achieved a stunning 89.07%-win rate in the past 30 days.
His standout trades include purchasing 9.16 million ai16z (CRYPTO: AI16Z) on Oct. 25, 2024, for only 18 Solana (CRYPTO: SOL), worth $3,000.
Out of the total, he sold 1.32 million tokens for $1.71 million and continues to hold 7.85 million tokens worth $17.26 million.
Considering trying out virtual dating RN? We got you. Here are some tips to turn you into a video dating pro — instantly.
This takes his total profit to $19 million, marking a 6,400x return.
He also purchased 17.31 million Fartcoin (CRYPTO: FARTCOIN) tokens for $12,500 when its valuation stood at only $83,000.
He then sold 6.71 million tokens for $5.41 million and continues to hold 10.6 million tokens worth $12.83 million.
The total profit of $18 million marked a 1,490 return.
Are You Taking One of These 9 “Memory Erasing” Prescriptions? [ad]
You may think your memory loss is just a sign of getting older, but one of these 9 drugs could actually be damaging your brain... These 9 prescription drugs have now been linked to Alzheimer's disease diagnoses. If you're over the age of 60, and you're taking even 1 of these 9 drugs, your brain could be at risk. Click here to learn more.
The trader’s speculative plays include recent investments in low-cap tokens such as EEF, DEAL, GG, SXBT, FARTOLOGY, and TBOO. His latest major acquisition was OPAIUM, purchased for 400 SOL, valued at $86,000
Also Read: Fart Coin Goes From Giggles To Gains As Meme Coin Hit New Highs, Equals Papa John’s Valuation
Why It Matters: Fartcoin and ai16z have posted impressive 7-day gains of 49% and 22%, respectively.
The trending AI coins have caught the attention of crypto traders and analysts, who speculate how long the run can be sustained.
If you can’t decide whether to get the 2-in-1 Windows tablet hybrid, traditional laptop, or desktop, we’re here to help.
Lark Davis, a widely-followed crypto analyst, noted that Fartcoin’s returns over the past two months have outperformed the S&P 500’s cumulative performance since 1990.
Doc, a pseudonymous crypto trader, commented that while Fartcoin’s range and trend aren’t perfect, the daily holds merit further observation and could indicate further upside.
Ai16z, another AI agent coin, hit milestones, such as a 38% rally propelling its market cap from $1.4 billion to $1.9 billion.
It also plans an open-source Layer-1 blockchain and token launchpad.
According to Cryptocurrency Inside, ai16z now ranks among the top meme coins by trading volume, alongside Dogecoin, Shiba Inu, and Pepe.
Read Next:
Image: Shutterstock
