A crypto trader with a keen eye for artificial intelligence (AI) projects has reportedly amassed over $17 million in profits from several AI-focused tokens, and online data now points to a pivot towards new memecoins. According to the analysis shared by Lookonchain on X, the trader's biggest gains come from early positions taken in GOAT, ai16z, Fartcoin, and ARC.
Crypto Trader turns AI coins into $17 million
Lookonchain reports via X, “What a smart AI coin trader! Profits exceeded $5.14M on GOAT. Profits exceeded $4.5M on ai16z. Profits exceeded $4M on Fartcoin. Profits exceeded $4M on arc. Let's see what signals he's buying.”
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Reportedly the most important benefit came at the trader GOAT. He entered the token at a time when its total market cap was below $2 million dollars, spending around $62,000 to buy around 11.1 million GOAT tokens. After riding GOAT's rapid ascent, he sold all of GOAT for a total of about $5.2 million, including about $5.14 million.
His performance with at 16 – an AI-powered decentralized trading fund on the Solana blockchain – was equally impressive, as it spent $123,000 to acquire 6.17 million tokens at a market cap of $22 million. Lookonchain data shows that he sold 4.67 million ai16z tokens at around $1.78 each and currently still holds 2.65 million tokens worth nearly $2.9 million. According to Lookonchain, this amounts to ai16z's total profit of more than $4.5 million.
The analysis also shows significant benefits from Fartcoinwhich the trader bought at a market cap of less than $7 million, paying $121,000 for approximately 9.46 million tokens. He sold 6.81 million of these tokens for $610,000 while holding 2.65 million tokens with a combined value at $3.55 million, bringing his net profit on Fartcoin to around $4 million.
A similar pattern appeared in his ARC career, where he invested $212,000 to acquire 11.6 million ARC tokens when the project's market cap was around $15 million. After selling 1.6 million tokens for $212,000, he currently holds 10 million arc tokens worth about $4 million, resulting in another $4 million profit.
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Lookonchain's post also details the trader's recent moves into several smaller-cap memecoins, including CREATE, PIPPIN, SANDY, MOLE, and FORGE. A screenshot provided by Lookonchain shows that it financed part of these purchases by selling Fartcoin in two batches of 25,000 units for $31,446.35 and $29,681.37, respectively.
Additional funding appears to have come from selling Wrapped SOL (WSOL) in multiples, including 100 units for $21,611, 50 units for $10,805.50, and 153 units for $33,069.42.
The release of these WSOL sales suggests a systematic approach to obtaining liquidity before investing in CREATE, PIPPIN, SANDY, MOLE, and FORGE. In total, he donated $202,255 to get stakes in the memecoins. He spent $61,127 on CREATE, $21,611 on PIPPIN, $21,611 on SANDY, $65,486 on MOLE, and $32,420 on FORGE.
At press time, GOAT was trading at $0.52.
Featured image from iStock, chart from TradingView.com
