As noted by Lookonchain, A Solana trader has attracted attention 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 the on-chain data shows, these gains have been made through a very early strategy of purchasing low market cap cryptocurrencies. Interestingly, the on-chain movements in the last 24 hours show that the trader is now making more moves towards other low market cap cryptocurrencies.
Solana Trader Sees 6400x and 1490x Returns on $ai16z and $Fartcoin
The cryptocurrency industry is home to millions of cryptocurrencies and thousands more are created every day. Identifying the most promising cryptocurrencies Investing among the crowd is a daunting task for cryptocurrency investors.
However, some investors occasionally make incredible returns and make cryptocurrency investments look very easy. Such is the case with this savvy Solana trader, who has seen a huge return on his cryptocurrency investments in recent months. The most notable of these investments are $ai16z and $Fartcoin.
The Solana trader’s success with $ai16z stands out as one of the most impressive returns in recent months. On October 25, 2024, he identified the token early and purchased 9.16 million $ai16z for only 18 SOL, approximately $3,000. Since then, the value of $ai16z has grown enormously and he has sold a portion of his holdings (1.32 million tokens) for $1.71 million, but he still has 7.85 million $ai16z valued at 17.26 million dollars. Their total profit from this operation reached $19 million, which translates into a return of 6,400 times their initial investment.
Another significant win for the trader came from $Fartcoin, where he invested $12,200 to acquire 17.31 million $Fartcoin with a market capitalization of $83,000. At the time of writing, $Fartcoin has a market capitalization of $1.02 billion, meaning the initial investment has yielded a total profit of over $18 million. Since then, it has sold 6.71 million tokens for $5.41 million and still holds 10.6 million $Fartcoin worth $12.83 million.
What’s next? Low-cap tokens and a big bet on $OPAIUM
As observed by LookonchainThe trader’s latest moves involve a series of small bets on small-cap tokens such as $eef, $DEAL, $GG, $SXBT, $FARTOLOGY, and $TBOO, which are relatively high-risk, high-reward opportunities. However, the most substantial recent investment is in $OPAIUM, where it has allocated 400 SOL, approximately $86,000.
Given Solana’s impressive trader track record, these low market cap cryptocurrencies are ones to keep an eye on, especially $OPAIUM.
Featured image created with Dall.E, chart from Tradingview.com
