A trader dealing with cryptocurrencies made a significant mistake by purchasing approximately 24.25 million tokens of the popular AI-related meme-inspired digital currency Large Language Model (LLM), priced at around 9.17 SOL or roughly $1,800, and then selling them only two minutes later.
As per information posted by the on-chain analysis account Onchain Lens on microblogging site X (previously known as Twitter), it appears that the mentioned address acquired the newly popular AI-related token through launch platform Pump.fun soon after its debut. However, the investor later offloaded their holdings at a loss.
According to Onchain Lens, they (trade) exchanged their LLM tokens for approximately 8.27 Solana (SOL), which was equivalent to around $1,630 at the time. Unfortunately, this trade missed an opportunity as the value of LLM has significantly increased since then, leading to a potential return of over $3 million if they had held onto their initial 9.17 SOL investment.
The recently introduced token mimics the well-known ai16z token, which is a widely recognized AI-focused fund operating as an “AI-investment DAO” (Decentralized Autonomous Organization). Its main objective is to utilize AI agents for market analysis and token trading.
The AI associated with this fund, humorously named “Marc ‘AI’nderssen,” imitating Marc Andreessen from Andreessen Horowitz, will draw inspiration from ai16z. In contrast to LLM, which is a playful take on an idea without practical application, it has gained popularity more as a meme due to its strong online community.
Read More
- ALEO PREDICTION. ALEO cryptocurrency
- MUFASA: THE LION KING Trailer Tells the Tale of Mufasa and Scar as Brothers
- ATH PREDICTION. ATH cryptocurrency
- Marvel Confirms ‘Avengers: Secret Wars’ as the End of the Multiverse Saga — Here’s What Could Be Next
- Solo Leveling Season 2: Check Out The Release Date, Streaming Details, Expected Plot And More
- Shangri-La Frontier: Sunraku To Challenge Ctarnidd
- Days Of Our Lives Spoilers: Xander’s Mother Arrives To Reveal a Secret That Threatens Theresa’s Plans
- Persona 5: The Phantom X Navigator Tier List
- Save or Doom Solace Keep? The Shocking Choice in Avowed!
- POL PREDICTION. POL cryptocurrency
2025-01-09 19:36