This success highlights the potential for significant gains in the crypto market for those who make strategic moves at the right time.
A crypto whale has made an impressive profit of $5.66 million in just two weeks by capitalizing on the AI16Z token, which recently surged by 33%.
This success highlights the potential for significant gains in the crypto market for those who make strategic moves at the right time.
According to Lookonchain analysis on December 28, the whale took advantage of a prime opportunity by investing in the Solana-based AI16Z token. After withdrawing 10 million USDC from Coinbase, they used the funds to buy 13.16 million AI16Z tokens.
The whale made the purchase on December 11, when the token’s price was relatively low, positioning themselves for the eventual rally. Within two weeks, the value of their investment skyrocketed, yielding a $5.66 million profit.
The whale’s strategy involved creating a new wallet for the transaction and spending $5 million to acquire 7.04 million tokens at an average price of $0.71. The calculated move resulted in a profitable return as the token’s value climbed.
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