A crypto trader with a keen eye for artificial intelligence (AI) projects has reportedly made more than $17 million in profits from several AI-focused tokens, and on-chain data now points to fresh memecoins. According to one analysis Trader’s biggest gains from early positions taken in GOAT, ai16z, Fartcoin, and ARC are shared by Lookonchain on X.
Crypto trader turns AI coins into $17 million
Lookonchain X reports, “What a smart AI coin trader! Profits on GOAT exceed $5.14M. Profits on ai16z exceed $4.5M. Profits on Fartcoin exceed $4M. Profits on arc Over $4M. Let’s see what tokens he’s buying.”
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Arguably the most important victory of the merchant came the goat. He entered the token at a time when its overall market cap was below $2 million dollars, spending about $62,000 to buy about 11.1 million GOAT tokens. After GOAT’s rapid ascent, he sold all of GOAT with about $5.2 million, earning an estimated $5.14 million.
His performance with ai16z — a decentralized AI-powered trading fund on the Solana blockchain — is similarly impressive, as he spent a whopping $123,000 to acquire 6.17 million tokens at a market cap of $22 million. Data from Lookonchain shows that it sold 4.67 million ai16z tokens at around $1.78 each and still retains 2.65 million tokens worth close to $2.9 million. That equates to a total ai16z profit of more than $4.5 million, according to Luckenchain.
The analysis also highlights important benefits fortcoinWhich the trader bought at a market cap of less than $7 million, paying $121,000 for about 9.46 million tokens. He sold 6.81 million of those tokens for $610,000 while keeping 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 in his ARC position, where he invested $212,000 to acquire 11.6 million ARC tokens when the project’s market cap was around $15 million. After selling 1.6 million tokens for $212,000, he currently holds 10 million Ark tokens worth $4 million, resulting in another $4 million profit.
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Lukenchain’s post also details the trader’s recent moves in several small-cap memecoins, including Create, Pippin, Sandy, Mole, and Forge. A screenshot provided by LukeChain shows that he financed part of these purchases by selling fortcoin in two batches of 25,000 units for $31,446.35 and $29,681.37 respectively.
Additional funding appears to have come from selling wrapped SOL (WSOL) in several 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 suggests a methodical approach to securing liquidity before investing funds in CREATE, PIPPIN, SANDY, MOLE, and FORGE. In total, he set aside $202,255 to acquire a stake in Memecoins. 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 traded at $0.52.
Featured image from iStock, chart from TradingView.com
