Blockchain tracking company Lookonchain has revealed that one skilled cryptocurrency trader generated astronomical profits on artificial intelligence (AI)-related digital assets in just three months.
According to Lookonchain, an anonymous trader made huge profits after purchasing approximately 21 million utility tokens for the AI agent project ai16z (AI16Z).
“This trader discovered ai16z early on October 25, 2024. He purchased 13.45 million ai16z for $70,000 and 7.45 million ai16z for $547,000. He currently holds 6 million ai16z (worth $11.04 million), with a total profit of $11.5 million. That’s 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 capitalization of $1.5 billion, making it the 84th largest cryptocurrency project.
Traders are also benefiting handsomely from two Solana-based AI-focused projects.
Lookonchain says traders have gained over 808% on their Zerebro (ZEREBRO) investment.
“This trader mimicked ZEREBRO when the market cap was $11 million, bought 6.45 million ZEREBRO using $295,000, and sold 1.4 million ZEREBRO for $697,000. He currently has 5 million ZEREBRO ($1.98 million) with a total profit of $2.38 million.”
He also made a profit of over 2,648% from his purchase of GRIFFAIN (GRIFFAIN).
“This trader imitated GRIFFAIN when the market capitalization was less than $8 million, spending $125,000 to purchase 8.05 million GRIFFAIN and selling 3.05 million GIFFAIN for $1.22 million. He currently has 5 million GIFFAIN ($2.22 million), with a total profit of $3.32 million.”
Zerebro is trading at $0.29 at the time of this writing, down 17.5% in the last 24 hours. With a market capitalization of $299.8 million, this altcoin is the 276th largest cryptocurrency 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, this altcoin is the 256th largest cryptocurrency project.
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