While Bitcoin (BTC) and altcoins have been underperforming since mid-December, the market is back on the offensive.
While Bitcoin passed $100,000 again, there were increases in altcoins. While the movement in the market increased the expectation of an increase, a smart investor attracted attention with altcoin profits.
According to Lookonchain’s post, he made a profit of $37 million in just two altcoins. Accordingly, this investor made a profit of approximately $19 million in Solana (SOL)-based altcoins ai16z and over $18 million in Fartcoin.
This investor has achieved great success not only in Ai16z and Fartcoin but also in other altcoin investments, achieving a success rate of 89.07% in the last 30 days.
This investor initially purchased 9.16M ai16z for just 18 SOL ($3k) on October 25, 2024. He has since sold only 1.32M ai16z for $1.71M and still holds 7.85M ai16z worth $17.26M. His total profit on ai16z is an incredible $19M, representing a 6,400x return.
Secondly, this investor invested in Fartcoin. He spent only $12,000 to buy 17.31 million Fartcoins and has sold 6.71 million Fartcoins for $5.41 million so far. He still holds 10.6 million Fartcoins worth $12.83 million, making a total profit of over $18 million.
The investor, who made huge profits thanks to his Ai16z and Fartcoin investments, had a winning rate of 89%, and bought various altcoins in the last 24 hours. These included altcoins with low market value such as eef, DEAL, GG, SXBT, FARTOLOGY and TBOO.
I’ve never seen such a smart trader!
A ~$19M profit on $ai16z—a 6,400x return.
An $18M+ profit on $Fartcoin—a 1,490x return.
This trader has been actively trading with an impressive 89.07% win rate over the past 30 days.
1/ Let’s take a look at which tokens he is buying. pic.twitter.com/XQ7RcTqSZI
— Lookonchain (@lookonchain) January 7, 2025
*This is not investment advice.
