Trader Turns $155K into $3M After Investing in This AI Token

In an interesting development, a savvy trader invested $155,000 in a newly launched AI token, turning it into $3.32 million. 

In a tweet earlier Tuesday, Lookonchain alerted the crypto community that the trader spent 48.6 Ether (worth approximately $155,000) to buy 414,845 Venice tokens (VVV).

This guy made $3.16M on $VVV in just a few hours!

He spent 48.6 $ETH($155K) to buy 414,845 $VVV and sold for $3.32M, making a profit of $3.16M in just a few hours!

Address:
0x231a35DE4D58D156c3527AD9D7B47D01138D8caa
0x423b86c642c47D9CD5e9E022509d79Dd665D1642 pic.twitter.com/05UeAzCOYM

— Lookonchain (@lookonchain) January 28, 2025

From $155K to $3M

Following an unprecedented surge in the token’s price, the trader’s $155,000 investment became $3.32 million. The trader then sold the investment for a profit, making $3.16 million in just a few hours.

Launched on January 27, VVV powers the Venice AI ecosystem. It is an access key to Venice AI’s suite of AI tools, including its API, premium features, and integrations with leading open-source large language models (LLMs) like DeepSeek R1. VVV minimizes friction and reduces costs for developers, businesses, and AI agents using Venice AI’s services.

The AI token reached a remarkable feat on its debut. Within two hours of launch, it reached a fully diluted value (FDV) of over $1 billion, which further rose to $1.7 billion at the time of reporting. The Base Chain-based token also attracted 30,000 holders and a 24-hour trading volume of $478.4 million in under 24 hours. 

Around 25 million of the total supply of 100 million VVV tokens were released into circulation at launch. Of the total supply, 50% was airdropped to Venice users and AI community on Base, 35% was allocated to Venice, 10% was set aside as an incentive fund, and 5% for liquidity development.

VVV was trading at $16.52 at press time, up 7,600% in the past 24 hours. This impressive performance has propelled its market cap to $340.34 million.

Early Investments Pay Off

Meanwhile, the latest development highlights the strategic advantage of early investments. Earlier this month, a Solana memecoin trader turned a mere $2,137 into a staggering $3.24 million within 10 hours of adopting a token dubbed HYPER.

Similarly, a savvy trader turned $66 into $3 million by investing early in the Ethereum-based Keikus Maximus (KEIKUS).