As noted by Lookonchain, A Solana trader has made waves with profits of almost $20 million each from $ai16z and $Fartcoin and a win rate of 89.07% over the last 30 days. As the on-chain data shows, these gains were achieved through the strategy of buying into small-cap cryptocurrencies very early. Interestingly, on-chain movements over the last 24 hours show that the trader is now investing more in other small cap cryptocurrencies.
Solana Trader earns 6,400x and 1,490x returns on $ai16z and $Fartcoin
The crypto industry is home to millions of cryptocurrencies and thousands more are created every day. Identifying the most promising cryptocurrencies Investing from the crowd is a daunting task for crypto investors.
However, some investors skyrocket with crazy returns from time to time, making crypto investing look very easy. Such is the case with this smart Solana trader who has made a significant return on crypto investments in the last few months. The most notable of these investments are $ai16z and $Fartcoin.
Solana trader’s success with $ai16z is 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 just 18 SOL, about $3,000. Since then, $ai16z’s value has increased tremendously and he sold part of his holdings (1.32 million tokens) for $1.71 million, but still holds 7.85 million $ai16z worth $17.26 million -Dollar. His total profit from this trade was $19 million, a return of 6,400 times his original investment.
Another significant win for the trader came from $Fartcoin, where he invested $12,200 to acquire $17.31 million at a market cap of $83,000. At the time of writing, $Fartcoin has a market cap of $1.02 billion, meaning the initial investment has yielded a total profit of more than $18 million. Since then, he has sold 6.71 million tokens for $5.41 million and still holds $10.6 million in Fartcoin worth $12.83 million.
What’s next? Low-cap tokens and a big bet on $OPAIUM
As noted by LookonchainThe trader’s recent moves include a series of small bets on low-cap tokens such as $eef, $DEAL, $GG, $SXBT, $FARTOLOGY and $TBOO, which are relatively high-risk, high-reward opportunities. However, his largest recent investment was in $OPAIUM, where he committed 400 SOL, about $86,000.
Given the Solana trader’s impressive track record, these small cap cryptocurrencies are worth keeping an eye on, especially $OPAIUM.
Featured image created with Dall.E, chart from Tradingview.com