Whale, which made a profit of 17 million dollars in Artificial Intelligence Altcoins and Memecoins, made new purchases according to Onchain Data!

According to the on-chain data provided by Lookonchain, a cryptocurrency whale made significant profits by using AI-themed altcoins and memecoins.

According to the data, the total profits of the crypto whale in question were measured as $5.14 million in GOAT, $4.5 million in AI16Z, $4 million in Fartcoin, and $4 million in ARC.

When delving deeper, it can be seen that the whale purchased GOAT tokens when the token's total market value was below 2 million dollars. The whale, who initially spent 62 thousand dollars for GOAT, sold the purchased tokens for 5.2 million dollars.

For A16Z, the whale made a purchase when the total market value of this altcoin was 22 million dollars and made a total expenditure of 123,000 dollars. The whale, who sold some of their tokens for 1.78 million dollars, still holds 2.9 million dollars worth of A16Z tokens in their wallet.

In Fartcoin, one of the most talked-about memecoins of recent times, a crypto whale entered the market when the market value of the token was less than 7 million dollars. The whale wallet sold some of the tokens it purchased for $121,000 for $610,000. There are still 3.55 million dollars worth of Fartcoin in the wallet.

The crypto whale also bought the ARC token when its market value was below 15 million dollars. After buying the token by paying 212 thousand dollars, they withdrew their principal, and currently, the whale's wallet contains ARC tokens worth 4 million dollars.

According to Lookonchain analysts, this whale has made some interesting new purchases. According to onchain data, the crypto whale bought CREATE, PIPPIN, SANDY, MOLE, and FORGE, which are memecoins.

However, considering the profitable history of this whale, it should not be forgotten that it could be an insider and dumps may occur in the altcoins it purchased, especially low-market cap, new altcoins, and memecoins carry high risk.