A cryptocurrency trader has fumbled a massive trade after buying 24.25 million tokens of the hot new AI-related meme-inspired cryptocurrency Large Language Model ($LLM) for 9.17 SOL worth little over $1,800, and selling them just two minutes later.
According to data shared by on-chain analysis account Onchain Lens on the microblogging platform X (formerly known as Twitter) the address bought the hot new artificial intelligence-related token on token launch platform Pump.fun shortly after its launch, but the trader sold their funds for a loss.
Onchain Lens details that the trade sold their LLM tokens for 8.27 SOL worth around $1,630, fumbling a trade that would have seen them turn their 9.17 SOL investment into over $3 million, as the value of LLM has since skyrocketed.
Source: Onchain Lens
The newly launched token is a play on the ai16z token, a popular AI-related fund that functions as an “AI investment DAO” (decentralized autonomous organizations), whose primary goal is to leverage AI agents for market analysis and token trading.
The AI behind the fund – dubbed Marc ‘Ai’nderssen – a spoof of Andreessen Horowitz founder Marc Andreessen – will be influenced by ai16z. LLM is a parody of the concept with no real utility, but rather a meme based on a strong community.
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