Fetch.ai, the artificial intelligence (AI) token, has experienced an impressive 21% gain over the past week, signaling renewed investor interest and bullish sentiment in the market.

This positive price movement has attracted the attention of savvy traders, with one particular individual making notable moves within the Fetch.ai ecosystem.

Smart trader 0xfc9/0x30d recently deposited a substantial amount of Fetch.ai tokens, totaling 6.66 million FET, valued at $15.9 million, to Coinbase Prime at a price of $2.38.

This transaction marks the conclusion of the trader’s first Fetch.ai trade, resulting in an estimated profit of $15.81 million, representing an impressive 434% increase.

Smart trader 0xfc9 deposited 6.66M $FET ($15.9M) to #Coinbase at $2.38 ~7hrs ago, closing the FET trade with an est. profit of $15.81M (+434%)!

Overall, the trader has earned from 7 out of the 11 traded tokens with an est. total profit of $24.8M and a win rate of 64%.

Note that… https://t.co/9z4rmxezJQ pic.twitter.com/BltgdS7srl

— Spot On Chain (@spotonchain) May 7, 2024

The trader’s trading history with Fetch.ai includes previous withdrawals of 17.098 million FET from Binance and Coinbase at an average price of $0.213, costing an estimated $3.64 million, between June 1st and July 25th, 2023.

Subsequently, all tokens were deposited back to Binance and Coinbase at an average price of $1.137, totaling $19.4 million, between June 22nd, 2023, and May 7th, 2024.

Overall, the smart trader has achieved profitable outcomes from 7 out of the 11 traded tokens, resulting in an estimated total profit of $24.8 million and a commendable win rate of 64%.

Despite no longer holding Fetch.ai tokens, the trader still maintains a substantial holding of 1.186 million RNDR tokens, valued at $12.1 million, in the sub-wallet 0x30d. This holding represents a significant unrealized profit for the trader, further highlighting their astute trading strategies and success within the cryptocurrency market.

As Fetch.ai continues to demonstrate bullish momentum and attract investor attention, traders will closely monitor market dynamics for further opportunities and potential profits.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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