Crypto Whale Scores Massive $5.66M Profit with Ai16z Surge
- Whales strategic Ai16z investment yields a 515% price surge.
- Ai16zs market cap reaches $1.28B, attracting significant interest.
- Whales use of decentralized exchanges boosts successful Ai16z buy.
A crypto whale recently gained a huge $5.66M profit by betting on the Ai16z, a Solana-based token. The tokens recent surge proves that calculated risks in the cryptocurrency market can lead to substantial rewards.
Crypto Whale Earns Massive Profit from Ai16z Investment
A crypto whale has gained a remarkable $5.66 million profit in just two weeks through strategic investment in the Ai16z. This success highlights the potential for substantial gains in the volatile cryptocurrency market. The whale made a huge investment in the Solana-based token, which recently surged in value.
The whale withdrew 10 million USDC from Coinbase on December 11, 2024. They used the funds to purchase 13.16 million Ai16z tokens at an average price of $0.71. The whale then held the tokens for two weeks as Ai16z value increased. The token holdings are currently worth $15.66 million according to Solscan , yielding a $5.66 million profit.
The value of Ai16z experienced a sharp increase of 515% over the past month. As of December 28, the token was trading at $1.21, which reflects a 33% surge in the past 24 hours. The tokens price fluctuated between $0.82 and $1.20 during this period, indicating a strong momentum in the market.
The whales purchase was facilitated using decentralized exchange aggregators such as Jupiter Aggregator Authority and Raydium. The whales large transactions shows confidence in the potential for the tokens further growth. This trade activity shows how market participants can earn profits by strategically navigating the crypto market.
The whales decision to purchase Ai16z was based on the tokens value and the speculation that it would continue to appreciate in future. Ai16z has attracted considerable attention in the market because of its role as a venture capital firm led by AI agents.
The token has witnessed a significant growth in its market capitalization which hit $1.28 billion and a trading volume of $108 million which reflects the increased market interest.
Additionally, Pudgy Penguins (PENGU), a Solana-based token, witnessed a surge in price. A crypto whale accumulated 79.9 million PENGU tokens for $2.47 million, which has elevated PENGU to the top position among Solana meme coins. This demonstrates that crypto whales are actively investing in tokens that they believe have growth potential which has contributed to volatility and market momentum.
Read more: https://www.tronweekly.com/crypto-whale-scores-huge-profit-in-ai16z-trade/
Text source: TronWeekly
