A savvy trader has stunned the crypto community with extraordinary profits in the memecoin market. Spotting $ai16z early on October 25, 2024, the trader made a small SOL (around $18 or $3,000) investment in the token. Now, their 9.16 million $ai16z tokens are worth around $19 million, indicating a staggering 6,400x return on their initial investment.
As per recent data, the trader has sold 1.32 million $ai16z tokens for $1.71 million and still holds 7.85 million tokens valued at $17.26 million. Notably, they also achieved impressive profits from $Fartcoin, purchasing a significant portion when its market cap was as low as $83,000. At the time of writing, their remaining $Fartcoin holdings are valued at $12.83 million, reflecting a total profit of over $18 million on this memecoin—a remarkable 1,490x return.
This trader's remarkable success and consistent profitability have not gone unnoticed. According to GMGN, the trader has maintained an enviable 89.07% win rate over the past 30 days, further cementing their reputation as a sharp market player.
In the last 24 hours, the trader has been actively exploring and acquiring several low-cap tokens as part of a high-risk, high-reward strategy. Some of these tokens include $EEF, $DEAL, $GG, $SXBT, $FARTOLOGY, and $TBOO.
Interestingly, their latest significant investment is in $OPAIUM, where they spent 400 SOL (around $86,000) to acquire the token. This move showcases a continued willingness to identify and capitalize on early-stage or under-the-radar opportunities in the crypto market.
It's worth noting that this trader's moves have a substantial impact on the market, and their choices in specific tokens often correlate with large market movements. As a result, the crypto community is paying close attention to their next steps.
This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
