Crypto Investors Nets $5.66M Profit in Just Two Weeks

A crypto whale has made an impressive profit of $5.66 million in just two weeks by capitalizing on the AI16Z token, which recently surged by 33%.

This success highlights the potential for significant gains in the crypto market for those who make strategic moves at the right time.

According to Lookonchain analysis on December 28, the whale took advantage of a prime opportunity by investing in the Solana-based AI16Z token. After withdrawing 10 million USDC from Coinbase, they used the funds to buy 13.16 million AI16Z tokens.

The whale made the purchase on December 11, when the token’s price was relatively low, positioning themselves for the eventual rally. Within two weeks, the value of their investment skyrocketed, yielding a $5.66 million profit.

READ MORE:

Bitcoin ETFs Face $287M Outflows Amid Price Dip and Market Uncertainty

The whale’s strategy involved creating a new wallet for the transaction and spending $5 million to acquire 7.04 million tokens at an average price of $0.71. The calculated move resulted in a profitable return as the token’s value climbed.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.