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.
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2025-01-09 19:36