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A cryptocurrency trader with a keen interest in artificial intelligence (AI) projects has reportedly amassed over $17 million in profits from several AI-focused tokens, and on-chain data now indicates a pivot toward new memcoins. According to analysis The biggest trader gains, shared by Lookonchain on X, stem from early positions taken in GOAT, ai16z, Fartcoin, and ARC.
Crypto Trader turns $17 million in AI coins
Lookonchain report via A look at the tokens he buys.”
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It is said that the trader’s most significant win came from GOAT. He introduced the token at a time when the total market capitalization was less than $2 million, and spent about $62,000 to purchase approximately 11.1 million GOAT tokens. After GOAT’s roller coaster ride, he sold all of GOAT for a total of around $5.2 million, making an estimated $5.14 million.
Its performance with ai16z — an AI-powered decentralized exchange-traded fund on the Solana blockchain — was similarly impressive, spending $123,000 to acquire 6.17 million tokens with a market cap of $22 million. Lookonchain data indicates that he sold 4.67 million ai16z tokens for around $1.78 each and still holds 2.65 million tokens currently worth around $2.9 million. According to Lookonchain, this brings ai16z’s total earnings to over $4.5 million.
The analysis also highlights the significant gains made by Fartcoin, which the trader bought with a market cap of just under $7 million, paying $121,000 for about 9.46 million tokens. He sold 6.81 million of those tokens for $610,000 while holding 2.65 million tokens worth a total of $3.55 million, bringing his net profit on Fartcoin to nearly $4 million.
A similar pattern emerged at his position at ARC, where he invested $212,000 to acquire 11.6 million ARC tokens when the project’s market capitalization was around $15 million. After selling 1.6 million tokens worth $212,000, he currently owns 10 million Bracket tokens worth about $4 million, resulting in another profit of $4 million.
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The Lookonchain post also details recent trader moves in several small-cap meme coins, including CREATE, PIPPIN, SANDY, MOLE, and FORGE. A screenshot provided by Lookonchain shows that he funded part of these purchases by selling Fartcoin in two batches of 25,000 units for $31,446.35 and $29,681.37 respectively.
Additional financing appears to have come from the sale of 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 indicates a systematic approach to securing liquidity before deploying funds in CREATE, PIPPIN, SANDY, MOLE and FORGE. In total, $202,255 was allocated for stakes in memcoins. 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
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