Blockchain tracking company Lookonchain says a 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 huge profits after buying almost 21 million utility tokens for the AI agent project ai16z (AI16Z).
“This trader saw ai16z early on October 25, 2024. He bought 13.45 million ai16z at $70,000 and 7.45 million ai16z at $547,000. He currently owns 6 million ai16z ($11.04 million), with total profits of $11.5 million – a return of 16,564%!”
AI16Z is trading at $1.37 at the 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 too to see huge profits on two other Solana-based AI-focused projects.
Look at chain say the trader has made a profit of over 808% on his investment in Zerebro (ZEREBRO).
“This trader got into ZEREBRO when the 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 owns 5 million ZEREBRO ($1.98 million), with total earnings of $2.38 million.”
He also sees more than 2.648% earn on his GRIFFAIN (GRIFFAIN) purchases.
“This trader got into GRIFFAIN when the 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 owns 5 million GRIFFAIN ($2.22 million), with total earnings of $3.32 million.”
Zerebro is trading at $0.29 at the time of writing, down 17.5% in the last 24 hours. With a market capitalization of $299.8 million, the altcoin is the 276th largest crypto project.
Meanwhile, GRIFFAIN is trading at $0.34 at the time of writing, down 15.9% in the last 24 hours. With a market capitalization of $342.6 million, the altcoin is the 256th largest crypto project.
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Generated image: Midjourney