Blockchain tracking firm Lookonchain says one savvy crypto trader generated astronomical returns on an artificial intelligence (AI) related digital asset in just three months.
According to Lookonchain, an anonymous trader pulled in massive profits after buying nearly 21 million utility tokens for the AI agent project ai16z (AI16Z).
“This trader spotted ai16z early on October 25th, 2024. He bought 13.45 million ai16z with $70,000 and 7.45 million ai16z for $547,000. He currently holds 6 million ai16z ($11.04 million), with a total profit of $11.5 million – a 16,564% return!”
AI16Z is trading for $1.37 at time of writing, down 20.4% in the last 24 hours. The Solana (SOL)-based altcoin has a market cap of $1.5 billion, making it the 84th-largest crypto project.
The trader is also seeing massive profits on two other Solana-based AI-focused projects.
Lookonchain says the trader has raked in a more than 808% gain on his Zerebro (ZEREBRO) investment.
“This trader aped into ZEREBRO when its market cap was $11 million, spent $295,000 to buy 6.45 million ZEREBRO, and sold 1.4 million ZEREBRO for $697,000. He currently holds 5 million ZEREBRO ($1.98 million), with a total profit of $2.38 million.”
He also is seeing a more than 2,648% gain on his GRIFFAIN (GRIFFAIN) purchases.
“This trader aped into GRIFFAIN when its market cap was less than $8 million, spent $125,000 to buy 8.05 million GRIFFAIN, and sold 3.05 million GRIFFAIN for $1.22 million. He currently holds 5 million GRIFFAIN ($2.22 million), with a total profit of $3.32 million.”
Zerebro is trading for $0.29 at time of writing, down 17.5% in the last 24 hours. With a market cap of $299.8 million, the altcoin is the 276th-largest crypto project.
Meanwhile, GRIFFAIN is trading for $0.34 at time of writing, down 15.9% in the last 24 hours. With a market cap of $342.6 million, the altcoin is the 256th-largest crypto project.
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