Big crypto holders continue demonstrating how easy it is to make money on cryptocurrencies. A trader has just earned over $500k within 4 hours by investing in this new AI token, LLM (Large language model).
Whale makes $500k trading LLM
According to data shared by Onchain Lens today, the trader spent 1.37 million Solana tokens (worth $269) to buy LLM on Pump.fun.
The AI token started gaining traction and surged its prices by over 1000 times following backing from Him Gajria, the founder of crypto-asset investment firm Equation.
Due to the massive price rise, the whale’s holdings expanded in value. The trader acted fast and sold all his LLM tokens for 2,594 Solana tokens valued at $507,000. He capitalized on the tremendous price rise and executed his trade quickly, enabling him to earn a gigantic 1,887% return and $507,000 profit.
This trader’s success shows the massive potential within the volatile crypto market where investors can make fortunes or lose them very fast. This also highlights the significant influence of big investors, popularly known as whales, who can immensely impact market prices with their trades.
LLM price updates
AI16z’s rapid success hasn’t gone unnoticed in the cryptocurrency landscape as other related AI crypto tokens are starting to flood the market. While many assets of this nature have failed to gain popularity, LLM has become noticeable and successful.
LLM tries to mimic the success of ai16z and so far has demonstrated to be on the right path. Despite crypto market dips, smart traders remain unworried and have found a new token with the potential to generate returns. The token experienced an enormous rise within hours following its launch in the market.
LLM was launched on Pump.fun today and several hours later its trading volume surged to an incredible $77 million. It is one of the top performers today and it is currently trading at $0.002465, up 65.97% over yesterday.
LLM’s emergence highlights AI agents’ ability to redefine crypto markets. These tokens have seen immense growth, currently controlling a total market cap of 13.5 billion.
Their increasing popularity is due to their ability to perform tasks for users, including streamlining decision-making processes and providing huge investment opportunities.
The enthusiasm around crypto AI agents began in mid-last year when Truth Terminal was posting trending jokes on social media. Things warmed up when it persuaded a16z founder, Marc Andreessen, to donate $50,000 to its wallet address. After that, it started promoting the meme coin GOAT (Goatseus Maximus) on social media. This achievement went viral and made GOAT’s market value hit $1.2 billion within days.
Viral marketing strategies employed by Truth Terminal and its backing from Andreessen demonstrated how artificial intelligence can spur speculative trends in the crypto market. After that, more sophisticated crypto AI agents like Virtuals Protocol and ai16z emerged and earned tremendous success within a short time.
