Crypto Whale Earns Millions on Altcoins and Memecoins

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by Giorgi Kostiuk

2 years ago

A crypto whale has garnered market attention with significant profits from investments in AI-themed altcoins and memecoins.

Profitable Trades by the Crypto Whale

According to Lookonchain data, the crypto whale earned $5.14 million on GOAT, $4.5 million on AI16Z, $4 million on Fartcoin and ARC. He purchased GOAT when its market value was below $2 million, investing $62,000, and sold for $5.2 million.

Successful Investments and Sales

The whale acquired A16Z at a market value of $22 million, spending $123,000, and sold some tokens for $1.78 million, keeping $2.9 million in his wallet. In Fartcoin, he entered when the market value was under $7 million, buying tokens for $121,000 and selling some for $610,000.

New Acquisitions and Risks

According to Lookonchain, the crypto whale purchased new memecoins CREATE, PIPPIN, SANDY, MOLE, and FORGE. However, given the whale's previous successes, there might be risky market swings involved.

The crypto whale continues to invest actively in memecoins and AI-themed altcoins, but the market for new and lesser-known tokens remains highly risky.

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