Emily Walker
According to Lookonchain, a trader in the Solana ecosystem has generated astonishing profits amounting to nearly $20 million from two cryptocurrencies, $ai16z and $Fartcoin, boasting an impressive 89.07% success rate in the last month. On-chain data reveals that these earnings stemmed from a strategy of early investments in low-market-cap cryptocurrencies. Notably, recent movements indicate that the trader is now diversifying into more low-cap cryptocurrencies.
Unbelievable Returns of 6,400x and 1,490x From $ai16z and $Fartcoin
The cryptocurrency market consists of millions of digital currencies, with new ones being introduced every day. For investors, pinpointing the most promising options can be overwhelming.
Yet, some investors consistently emerge with extraordinary gains, simplifying the investment process. A Solana trader has recently gained substantial returns from investments, specifically in the tokens $ai16z and $Fartcoin.
The trader’s remarkable success with $ai16z is particularly noteworthy. On October 25, 2024, he recognized the token’s potential early on, acquiring 9.16 million $ai16z for just 18 SOL, equivalent to approximately $3,000. The token’s value has since surged, enabling him to sell 1.32 million tokens for $1.71 million. He still retains 7.85 million $ai16z, now valued at $17.26 million, yielding a total profit of $19 million, which equates to a 6,400x return.
Similarly, the trader’s involvement with $Fartcoin proved lucrative. He invested $12,200 to purchase 17.31 million tokens at a modest market cap of $83,000, which has since skyrocketed to a market cap of $1.02 billion. His profit from this investment exceeds $18 million; he has already sold off 6.71 million tokens for $5.41 million while holding onto 10.6 million $Fartcoin worth $12.83 million.
Looking Ahead: Focus on Low-Cap Tokens and $OPAIUM
As noted by Lookonchain, the trader is currently making small investments in various low-cap tokens like $eef, $DEAL, $GG, $SXBT, $FARTOLOGY, and $TBOO, which provide high-risk, high-reward opportunities. The trader’s most significant recent investment, however, has been in $OPAIUM, with 400 SOL allocated, translating to around $86,000.
Given the trader’s impressive history, these low-cap cryptocurrencies, especially $OPAIUM, are certainly worth watching.