The crypto trading industry is buzzing, with bulls dominating over the bears as the Bitcoin price has regained support. More importantly, it is attempting a surge to $92K after declining from the recently created ATH of $93.4K. Meanwhile, many other altcoins are booming with gains, including ai16z, a newly launched token that has made millions in profits for a crypto investor in just 24 days, showing the market’s potential.
As the market is bullish, such highly profiting incidents have become common, as another trader made $1.82M from just $1.1K in 20 days, shocking his peers.
Big Trading Milestone As Crypto Investor Made 371x Returns
Amid the bullish crypto trading market, an anonymous crypto investor has brought everyone’s attention to his trading skills, as he made 371x returns in just 24 days. The investor invested 22 SOL, worth $33k, to buy 30.6M ai16z tokens around 25 days. Interestingly, with an impressive gain over the next few days, these $33k turned into $12.2M, per Lookonchain.
Turned $33K into $12.2M in just 24 days!
This guy spent 200 $SOL($33K) to buy 30.6M $ai16z 24 days ago, which is now worth $12.2M, a 371x return! #ai16zhttps://t.co/WnTGqM5BNQ pic.twitter.com/BXRqsxpyqd
— Lookonchain (@lookonchain) November 18, 2024
This is the perfect example of how strategic investment works, as the trader successfully entered into a trade at an early stage. With the crypto exchange listing, the price of the token grew, making heavy returns to the holders. However, many have called it an insider job, as the investor analyzed the token’s potential in such an early stage.
ai16z Booms With Rising Crypto Trading Demand
The newly launched token on October 28, 2024, has easily gained crypto investors’ attention due to its similar name to a popular crypto venture, a16z. However, it is completely different from that and is a decentralized DAO directed by an AI agent, Eliza, which is already creating a sensation, as many found it intriguing as they did with the first millionaire AI Bot Truth Terminal. With this, it has achieved a 1379% surge over the two weeks and 414% in the last week alone.
It is one of the most trending cryptos, trading at $0.3651 after witnessing an 11.5% drop in the last 24 hours. However, despite that, there is a heavy demand, as the trading volume is up at $54,472,590, along with a market capitalization of $353,896,087.
What’s In There For You?
The rise of this newly launched token has become an opportunity for crypto investors as many bagged heavy gains thanks to its rising demand. One such investor has made $12.1M in profits within 24 days. This clears why analyzing the crypto trading trends and investing in the right crypto pays off. However, there are concerns about market volatility that every investor should be aware of. This is because the ai16z token was surging to new highs for two weeks, but it dropped 11.5% in the last 24 hours, confirming the market risks.
The post Crypto Investor Turned $33K into $12.2M in just 24 days appeared first on CoinGape.