Starting the new business week, Venice AI launched its cryptocurrency, $VVV, and airdropped portions of the token to the large community of venice.ai visitors and users. Following the token listing, a smart money trader aped into the market for a three-hour trade that yielded millions of dollars in profits.
一个聪明钱仅花费 3 小时就在 $VVV 上赚到 $316 万 (20.4x)。
◎他在 $VVV 上线布署后的几分钟里使用 Banana Gun 花费 48.6 ETH ($154K) 购买了 41.4 万枚 VVV，均价 $0.37。
◎然后在接下来的 3 个小时里陆续卖出换成 $331.7 万资金，出售均价 $8。
◎仅 3 个小时，$15.4 万变成 $331.7 万，20.4… pic.twitter.com/D0BtR9FzUu— 余烬 (@EmberCN) January 28, 2025
The global Artificial Intelligence (AI) adoption and integration wave has reached the crypto market, with many AI firms launching their tokens for trading in the crypto market.
From $154K to $3.31M
Within a few minutes after the $VVV launch, using the Banana Gun trading bot, this smart money trader swapped 48.6 Ethereum (ETH) worth $154,000 for 414,000 $VVV at an average price of $0.37.
He didn’t hold the position for long, as the $VVV skyrocketed thereafter. It reached a fully diluted value of about $1.65 billion, attained a market capitalization above $200 million to beat the $10 mark, and left the smart money trader with massive profits.
His holdings soared by over 2050% as he sold at an average price of $8 in exchange for $3.317 million, attaining a cool $3.16 million in profits.
This trader didn’t sell at the top as $VVV continued to soar to new highs. After a while, its price surged past $22 per token, achieving a $400 million market capitalization.
However, at press time, $VVV is about 35% down from its all-time high and trades at $13.0 per token as other investors cash out their profits.
Win for One, Loss for Another
While the smart money trader enjoyed his profits within three, Onchain Lens noted that another trader with the address 0x9AA0C1e7cDCD1bbE6E5300dEbB28F377F4488B20 lost massively within two hours.
He spent 503 $ETH worth $1.6M to buy 80,691 $VVV at an average price of $19.82 and lost about $200,000 within two hours. Calculating by the token’s current price, he had incurred over $550,000 in losses.
