Crypto Trader Misses Out on $3 Million Gain from Trending AI Meme Token
A trader specializing in cryptocurrencies mistakenly executed a suboptimal trade, purchasing 24.25 million units of the trending AI-themed, meme-driven digital currency named Large Language Model ($LLM). The tokens, acquired for 9.17 SOL—a sum marginally more than $1,800—were sold within just a couple of minutes.
An on-chain analytics account called Onchain Lens, presenting data on the social media site X (previously recognized as Twitter), reported that this investor procured the buzzworthy AI-centric tokens from the launch platform Pump.fun shortly after release but soon afterward disposed of the assets at a loss.
The description provided by Onchain Lens reveals the trade executing the sell of LLM tokens for 8.27 SOL (about $1,630), missing out on a potential fortune as the LLM’s value later soared, surging the initial 9.17 SOL investment to surpass the $3 million mark.
The newly minted token was inspired by the ai16z token, an AI-focused investment fund operating as a decentralized autonomous organization (DAO) that employs AI for evaluating markets and managing digital asset trades. Named for the humorous take on Andreessen Horowitz co-founder Marc Andreessen, “Marc ‘Ai’nderssen” reflects the influence of ai16z. LLM, however, stands as more of a tongue-in-cheek parody with its strong community backing over functional utility.
Featured image courtesy of Pexels.
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