A crypto trader with a keen eye for artificial intelligence (AI) projects has reportedly amassed profits of more than $17 million from several AI-focused tokens, and on-chain data now points to a pivot toward fresh memecoins. According to an analysis shared by Lookonchain on X, the trader’s largest gains stem from early positions taken in GOAT, ai16z, Fartcoin, and ARC.
Crypto Trader Turns AI Coins Into $17 Million
Lookonchain reports via X, “What a smart AI coin trader! Profits exceeded $5.14M on GOAT. Profits exceeded $4.5M on ai16z. Profits exceeded $4M on Fartcoin. Profits exceeded $4M on arc. Let’s take a look at which tokens he is buying.”
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The trader’s most significant win reportedly came from GOAT. He entered the token at a time when its overall market cap was below $2 million dollars, spending around $62,000 to purchase approximately 11.1 million GOAT tokens. After riding GOAT’s rapid ascent, he sold all GOAT with a total of about $5.2 million, netting 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 one $123,000 to acquire 6.17 million tokens at a market cap of $22 million. Lookonchain’s data indicates that he sold 4.67 million ai16z tokens at around $1.78 each and still retains 2.65 million tokens currently valued near $2.9 million. According to Lookonchain, this amounts to a total ai16z profit of more than $4.5 million.
The analysis also highlights significant gains from Fartcoin, which the trader bought at a market cap of under $7 million, paying $121,000 for around 9.46 million tokens. He sold 6.81 million of those tokens for $610,000 while keeping 2.65 million tokens that are collectively valued at $3.55 million, bringing his net profit on Fartcoin to roughly $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 approximately $15 million. After selling 1.6 million tokens for $212,000, he currently holds 10 million arc tokens worth about $4 million, resulting in another $4 million profit.
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