This Trader Made a $17.6 Million Profit By Investing in AI-Focused Coins

In this period when Bitcoin is pushing $100,000 and there is serious volatility in altcoins, a trader has made a very serious profit.

A trader has made a massive profit by investing early in artificial intelligence (AI)-focused coins, as Bitcoin pushes towards $100,000 and altcoins experience high volatility.

According to data from on-chain tracking platform Lookonchain, the trader made the following profits:

* $5.1 million from the coin named #GOAT

* $4.5 million from the coin named #ai16z ,

* $4 million from Fartcoin

* $4 million from the coin named ARC.

The trader's strategy involved investing in projects while they were still relatively unknown. For instance, when the market capitalization of the coin named GOAT was $2 million, the trader invested $62,000 in the coin. At the time, GOAT was not among the coins that had hardened in recent weeks.

However, as of now, the market capitalization of GOAT is around $520 million. The trader, who had purchased tokens worth $50,000 during the period when the coin was not yet on the rise, sold all the tokens and made a profit.

The trader, who had invested in a coin named ai16z when its market value was $22 million, still holds 2.9 million more tokens. Currently, the market capitalization of ai16z is over $2 billion.

The trader, who had invested $7 million in Fartcoin, which has seen an increase of over 500% in the last month, made a total profit of over $4 million from the coin. However, the trader did not sell 3.5 million tokens of the coin. In other words, the trader anticipates a further increase in the coin's value and is holding on to the majority of his tokens.

The investor, who had purchased the ARC token when its market value was $15 million, made sales of only 210 thousand tokens even though the token’s market value is currently $344 million. The investor still holds the majority of his profit of $4 million.

The person, who had bought 5 more altcoins today, made new purchases. The trader purchased Create, #Pippin , SANDY, MOLE and #Forge .

These purchases triggered an increase in the tokens on social media.

Create rose by 240%, SANDY by 80%, Forge by 60%, Pippin by 30% and MOLE by 45%.