A blockchain tracking firm has highlighted the astronomical profits generated by one crypto trader on an artificial intelligence (AI) related digital asset over a short period.
According to the firm, the anonymous trader purchased 8.5 million utility tokens for aixbt by Virtuals (AIXBT), a crypto market intelligence platform built by the AI agent project Virtuals Protocol. The trader reportedly spent $166,000 on the AIXBT tokens, which were valued at $7.7 million at the time of purchase. However, due to the token’s price increase, the trader is now sitting on an unrealized profit of $7.5 million.
AIXBT is currently trading at $0.841, up 35x since November 3rd. The token’s massive price increase is likely due to the hype surrounding AI crypto projects, which has been fueled by the recent popularity of ChatGPT.
The trader is also looking at massive profits on GAME by Virtuals (GAME), an AI agents-related protocol, and Cookie DAO (COOKIE), an index and data layer for AI agents.
According to the blockchain tracking firm, the trader spent $702,000 to buy 20 million GAME tokens, which were valued at $5 million at the time of purchase. However, due to the token’s price increase, the trader is now sitting on an unrealized profit of $4.3 million.
The trader also spent $119,000 to buy 1.45 million COOKIE tokens, which were valued at $846,000 at the time of purchase. However, due to the token’s price increase, the trader is now sitting on an unrealized profit of $727,000.
GAME is currently trading at $0.21, down 17.8% in the last 24 hours. Meanwhile, COOKIE is currently trading at $0.53, down 11.6% on the day.
Another anonymous trader is reportedly looking at seven-figure profits after loading up on another AI-related project, Ava AI (AVA). According to the blockchain tracking firm, the trader purchased a large amount of AVA tokens at an average price of $0.16. However, due to the token’s price increase, the trader is now sitting on an unrealized profit of $1.6 million (+9,700%).
AVA is currently trading at $0.24, up 24.6% in the last 24 hours. The token’s price increase is likely due to the hype surrounding AI crypto projects, which has been fueled by the recent popularity of ChatGPT.
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