Solana
Trader Makes Over $35 Million From ai16z And Fartcoin,
Here s What
He s Buying Now
Solana Trader Makes Over $35 Million From ai16z And Fartcoin, Here s
What He s Buying Now
by Scott Matherson
19 minutes ago
in Altcoin News , Solana
0
As noted by Lookonchain, a Solana trader has turned heads with profits of
almost $20 million each from $ai16z and $Fartcoin, and with an 89.07% win rate
over the past 30 days. As shown by on-chain data, these profits have been made
through a strategy of buying very early into low market cap cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
Interestingly, on-chain movements in the past 24 hours show that the trader is
now making more moves into other low market cap cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
Solana Trader Makes 6,400x And 1,490x Returns On $ai16z And $Fartcoin
The crypto industry is home to millions of cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, and thousands
more are created each day. Identifying the most promising cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта to
invest in out of the multitude is a daunting task for crypto investors.
Related Reading: Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Payments Coming To X? Here’s What We Know So Far
However, a few investors shoot up from time to time with crazy returns and
make crypto investments look very easy. Such is the case of this Solana smart
trader, who has made quite a return on crypto investments in the past few
months. The most notable of these investments are $ai16z and $Fartcoin.
The Solana trader s success with $ai16z stands out as one of the most
impressive returns in recent months. On October 25, 2024, he identified the
token early and purchased 9.16 million $ai16z for just 18 SOL, roughly $3,000.
Since then, the value of $ai16z has grown massively, and he has sold a portion
of his holdings (1.32 million tokens) for $1.71 million, but he continues to
hold 7.85 million $ai16z valued at $17.26 million. His total profit from this
trade has reached $19 million, translating to a 6,400x return on his initial
investment.
Another significant win for the trader came from $Fartcoin, where he invested
$12,200 to acquire 17.31 million $Fartcoin at a market cap of $83,000. At the
time of writing, $Fartcoin has a market cap of $1.02 billion, meaning the
initial investment has yielded a total profit of more than $18 million. He has
since sold 6.71 million tokens for $5.41 million while still holding 10.6
million $Fartcoin worth $12.83 million.
What s Next? Low-Cap Tokens And A Major Bet On $OPAIUM
As noted by Lookonchain , the trader’s latest moves involve a series of small
bets on low-cap tokens such as $eef, $DEAL, $GG, $SXBT, $FARTOLOGY, and $TBOO,
which are relatively high-risk, high-reward opportunities. However, the most
substantial recent investment is in $OPAIUM, where he has allocated 400 SOL,
approximately $86,000.
Related Reading: Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Whale Activity Explodes 400% In 24 Hours As Large
Players Buy DOGE At A ‘Discount’
Source: Etherscan
Given the impressive track record of the Solana trader, these low marketcap
cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта are some to keep an eye on, especially $OPAIUM.
SOL price struggles with bears | Source: SOLUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com