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A savvy crypto trader has reportedly earned over $17 million from AI-focused tokens, with significant profits from GOAT, ai16z, Fartcoin, and ARC. Recently, the trader has shifted attention to smaller-cap memecoins, investing $202,255 in CREATE, PIPPIN, SANDY, MOLE, and FORGE, funded by selling portions of Fartcoin and Wrapped SOL.
The Virtuals Protocol has emerged as the largest AI agent creation platform, boasting a market cap of $4.6 billion, with its native token surging over 10,000% in October 2024. Meanwhile, ai16z, a decentralized hedge fund, has also seen its token skyrocket by 15,000% in just two months, highlighting the growing interest in AI-driven projects. However, concerns about the potential misuse of AI agents and the sustainability of their popularity linger as the market evolves.
A cryptocurrency whale realized over $11.5 million in unrealized profit after investing $10 million in the Virtuals Protocol (VIRTUAL) token, which surged to an all-time high of $5.07 within 19 days. The platform allows users to create and co-own AI agents, which are increasingly executing autonomous transactions on the blockchain. Despite a recent decline in the market, industry experts predict significant growth for AI-driven cryptocurrencies in 2025.
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