As listed by Lookonchain, a Solana trader has been turning heads with profits of almost $20 million each from $ai16z and $Fartcoin, and with a win rate of 89.07% in the last 30 days. As evidenced by on-chain data, these gains have been made through a strategy of buying very early into cryptocurrencies with low market capitalizations. Interestingly, movements in the chain over the last 24 hours show that the trader is now making more moves to other cryptocurrencies with low market cap.
Solana Trader gives 6400x and 1490x returns on $ai16z and $Fartcoin
The crypto industry is home to millions of cryptocurrencies, and thousands more are created every day. To identify most promising cryptocurrencies investing in out of the crowd is a daunting task for crypto investors.
But some investors occasionally post crazy returns and make crypto investing look very easy. Such is the case with this smart trader from Solana, who has made a solid return on crypto investments over the past few months. The most notable of these investments are $ai16z and $Fartcoin.
The Solana trader’s $ai16z success stands out as one of the most impressive returns in recent months. On October 25, 2024, he identified the token early and bought 9.16 million $ai16z for only 18 SOL, roughly $3000. Since then, the value of $ai16z has grown tremendously, and he has sold some of his holdings (1.32 million tokens ) for $1.71 million, but he continues to hold $7.85 million ai16z valued at $17.26 million. His total profit from this trade has reached $19 million, representing a return of 6,400 times his initial investment.
Another significant profit for the trader came from $Fartcoin, where he invested $12,200 to acquire 17.31 million $Fartcoin at a market cap of $83,000. At the time of writing, $Fartcoin has a market capitalization of $1.02 billion, which means that the initial investment has yielded a total profit of more than $18 million. He has since sold 6.71 million tokens for $5.41 million while still holding $10.6 million Fartcoin worth $12.83 million.
What’s next? Low-Cap tokens and a big bet on $OPAIUM
As listed by Lookonchainthe trader’s latest move involves a series of small bets on low-cap tokens like $eef, $DEAL, $GG, $SXBT, $FARTOLOGY and $TBOO, which are relatively high-risk, high-reward opportunities. However, the most significant recent investment is in $OPAIUM, where he has allocated 400 SOL, about $86,000.
Given the Solana trader’s impressive track record, these low-cap cryptocurrencies are some to keep an eye on, especially $OPAIUM.
Featured image created with Dall.E, charts from Tradingview.com
