Ai16z whale's high-stakes bet yields millions

The unrealized profit follows a market rally of over 30% on the meme coin as more traders gravitate toward the asset.

A crypto whale's early investment in an AI agent meme coin has yielded millions in unrealized profit, as highlighted by on-chain analytics platform Lookonchain.

The whale's high-stakes bet on ai16z paid off handsomely.

Ai16z, an AI agent meme coin, has seen a massive surge in value. As a result, a crypto whale's early investment of $10 million in USDC to purchase 13.16 million ai16z two weeks ago has now recorded a significant unrealized profit.

The surging value of ai16z has increased the worth of the tokens acquired by the whale to over $15.66 million, leading to an unrealized profit of $5.66 million.

According to Lookonchain, "The whale dared to bet big – and it paid off," highlighting the risky nature of the investment.

The platform emphasizes the calculated risk taken by the whale on a relatively new meme coin.

A whale spent 10M $USDC to buy 13.16M $ai16z 2 weeks ago, which is now worth $15.66M, with an unrealized profit of $5.66M! #ai16zThe whale dared to bet big—and it paid off!https://t.co/QUsEjEwYk7 pic.twitter.com/dR65yFTfOG

This news comes as ai16z continues to outpace other meme coins in the market. Ai16z is up by 40.43% within the last 24 hours, outpacing top meme coins like Shiba Inu (SHIB), PEPE and Dogecoin (DOGE).

Ai16z is trading at $1.22, showing a massive spike of 192.88% in trading volume to $122.77 million.

In contrast, Shiba Inu (SHIB) has a spot price of $0.00002175, down by 2.11% in the last 24 hours. PEPE is trading up by 0.90% at $0.00001825, while DOGE is also experiencing a decline of 1.02% at $0.317.

Launched in October 2024 at $0.007741, ai16z has quickly soared to its current price, outpacing other meme coins in the market. Ai16z is now outpacing the big names in the meme coin sector within the same period.

Recently, there has been a shift in the meme coin ecosystem with new entrants like NEIRO competing with old assets, including DOGE and SHIB. Ai16z is among the new meme coins that have joined the race to outpace the meme coin veterans.