PRESS RELEASE. Seychelles, January 6, 2025 – MEXC, a global leader in cryptocurrency trading platforms, has unveiled its brand upgrade, introducing its new global brand slogan “Your Easiest Way to Crypto”. This rebranding initiative reaffirms MEXC’s position as an industry pioneer and underscores its commitment to providing users with a seamless and accessible crypto trading […]
A crypto trader with a keen eye for artificial intelligence (AI) projects has reportedly amassed profits of more than $17 million from several AI-focused tokens, and on-chain data now points to a pivot toward fresh memecoins. According to an analysis shared by Lookonchain on X, the trader’s largest gains stem from early positions taken in GOAT, ai16z, Fartcoin, and ARC. Crypto Trader Turns AI Coins Into $17 Million Lookonchain reports via X, “What a smart AI coin trader! Profits exceeded $5.14M on GOAT. Profits exceeded $4.5M on ai16z. Profits exceeded $4M on Fartcoin. Profits exceeded $4M on arc. Let’s take a look at which tokens he is buying.” Related Reading: Altcoins Surge As Crypto Market Kicks Off 2025 On A High Note The trader’s most significant win reportedly came from GOAT. He entered the token at a time when its overall market cap was below $2 million dollars, spending around $62,000 to purchase approximately 11.1 million GOAT tokens. After riding GOAT’s rapid ascent, he sold all GOAT with a total of about $5.2 million, netting an estimated $5.14 million. His performance with ai16z – a decentralized AI-powered trading fund on the Solana blockchain – is similarly impressive, as he spent one $123,000 to acquire 6.17 million tokens at a market cap of $22 million. Lookonchain’s data indicates that he sold 4.67 million ai16z tokens at around $1.78 each and still retains 2.65 million tokens currently valued near $2.9 million. According to Lookonchain, this amounts to a total ai16z profit of more than $4.5 million. The analysis also highlights significant gains from Fartcoin, which the trader bought at a market cap of under $7 million, paying $121,000 for around 9.46 million tokens. He sold 6.81 million of those tokens for $610,000 while keeping 2.65 million tokens that are collectively valued at $3.55 million, bringing his net profit on Fartcoin to roughly $4 million. A similar pattern emerged in his ARC position, where he invested $212,000 to acquire 11.6 million ARC tokens when the project’s market cap was approximately $15 million. After selling 1.6 million tokens for $212,000, he currently holds 10 million arc tokens worth about $4 million, resulting in another $4 million profit. Related Reading: Crypto Trader Capitalizes On Elon Musk’s X Name Change For 17,000% Return Lookonchain’s post also details the trader’s recent moves into several smaller-cap memecoins, including CREATE, PIPPIN, SANDY, MOLE, and FORGE. A screenshot provided by Lookonchain shows that he financed part of these purchases by selling Fartcoin in two batches of 25,000 units for $31,446.35 and $29,681.37, respectively. Additional funding appears to have come from selling Wrapped SOL (WSOL) in multiple transactions, including 100 units for $21,611, 50 units for $10,805.50, and 153 units for $33,069.42. The distribution of these WSOL sales suggests a methodical approach to securing liquidity before deploying funds into CREATE, PIPPIN, SANDY, MOLE, and FORGE. In total, he allocated $202,255 to acquire stakes in the memecoins. He spent $61,127 on CREATE, $21,611 on PIPPIN, $21,611 on SANDY, $65,486 on MOLE, and $32,420 on FORGE. At press time, GOAT traded at $0.52. Featured image from iStock, chart from TradingView.com
submitted by /u/Status-Travel6685 [link] [comments]
GM , Im reposting this Tool here from the r/CryptoCurrency sub because I think many of you will find it useful to some extent (It does more than just recovery). My tool that I have named "Seedy" is a advanced etherium network (and all derivitives) seed phrase recovery and helper tool. WHAT IT DOES: Its…
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submitted by /u/Experimentationq [link] [comments]
Coinbase is exploring the possibility of introducing tokenized COIN shares on the Base network, aiming to simplify access to digital assets in the United States, but significant regulatory challenges remain submitted by /u/DaRunningdead [link] [comments]
Solana was one of the networks that experienced explosive growth in 2024, both in technical and economic aspects. In December, Solana registered $304 million in inflows from other blockchains, only bested by Base and Hyperliquid. On the technical front, Solana passed its first block increase, which, although symbolic, signaled the willingness to make the changes […]
submitted by /u/Mirasenat [link] [comments]
Dogecoin started a fresh increase above the $0.350 zone against the US Dollar. DOGE is now consolidating and might gain traction if it clears the $0.3880 resistance. DOGE price started a fresh increase above $0.350 and $0.3650. The price is trading above the $0.370 level and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $0.3825 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain momentum if it clears the $0.3880 and $0.3920 resistance levels. Dogecoin Price Holds Support Dogecoin price started a fresh increase from the $0.3120 support, like Bitcoin and Ethereum. DOGE was able to surpass the $0.3350 resistance and $0.350. It even cleared the $0.3880 level before there was a downside correction. A low was formed at $0.3750 and the price is now rising. There was a move above the $0.380 resistance. Besides, there was a break above a connecting bearish trend line with resistance at $0.3825 on the hourly chart of the DOGE/USD pair. The pair climbed above the 50% Fib retracement level of the downward move from the $0.3986 swing high to the $0.3750 low. Dogecoin price is now trading above the $0.380 level and the 100-hourly simple moving average. Immediate resistance on the upside is near the $0.3880 level or the 61.8% Fib retracement level of the downward move from the $0.3986 swing high to the $0.3750 low. The first major resistance for the bulls could be near the $0.3920 level. The next major resistance is near the $0.40 level. A close above the $0.40 resistance might send the price toward the $0.420 resistance. Any more gains might send the price toward the $0.4380 level. The next major stop for the bulls might be $0.450. Another Decline In DOGE? If DOGE’s price fails to climb above the $0.3880 level, it could start another decline. Initial support on the downside is near the $0.380 level. The next major support is near the $0.3750 level. The main support sits at $0.3650. If there is a downside break below the $0.3650 support, the price could decline further. In the stated case, the price might decline toward the $0.350 level or even $0.3420 in the near term. Technical Indicators Hourly MACD – The MACD for DOGE/USD is now losing momentum in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for DOGE/USD is now above the 50 level. Major Support Levels – $0.380 and $0.3750. Major Resistance Levels – $0.3880 and $0.3920.
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