| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $105950.3200000000 |
| ETH | $2422.7710000000 |
| BNB | $647.4541800000 |
| XRP | $2.1850890000 |
| ADA | $0.5471231000 |
| SOL | $147.3795000000 |
| DOGE | $N/A |
| DOT | $3.3536700000 |
| LTC | $84.5194000000 |
| LINK | $13.0319500000 |
Category: CRYPTO NEWS
The post Crypto Trader Makes $21M As AI Agent Tokens Face Backlash appeared on BitcoinEthereumNews.com. Este artículo también está disponible en español. Some crypto traders have made millions of dollars from the latest leading narrative, Artificial Intelligence (AI) related tokens. However, the sector’s quick rise in popularity has received backlash from several community members and industry figures, who consider the tokens “worse” than the memecoin trend. Related Reading Crypto Traders Make Millions From AI-Related Tokens On January 6, on-chain data analysis firm Lookonchain shared that a smart Solana trader obtained massive returns from AI agent and memecoin ai16z (AI16Z). The investor turned $2 million into $21 million in less than two months amid the AI-related tokens rally. The AI-managed crypto fund is on the Solana blockchain and governed by the ai16zDAO. Its name is a wordplay originating from the venture capital firm Andreessen Horowitz, also known as a16z, seemingly created to bring attention to the project. According to the post, the whale purchased 10.6 million ai16z, worth $2.27 million, between November 15 and November 22, 2024, at an average cost of $0.214. Since then, the cryptocurrency has seen a 965% surge to trade around $2.28. At the time of the report, the investor’s holdings were valued at around $21 million, making $19 million in unrealized profits. Earlier today, the whale sent 5.3 million ai16z, worth $10.68 million, into Jupiter to sell via limit order. Meanwhile, another trader turned $123,000 into $4.5 million after betting on ai16z when the token’s market capitalization was $22 million. The whale purchased 6.17 million ai16z and sold 4.67 million for around $1.78 million last month. The investor currently holds 2.65 million ai16z tokens, valued at $2.9 million, bringing the total profits to more than $4.5 million in two months. This whale also made another $13.4 million from other AI crypto tokens like GOAT, FARTCOIN, and ARC. Community Calls AI Agent…
2025-01-07T04:31:12+00:00