Solana memecoin trader, DxjmH, bought 16,698,413 tokens of the AI-themed memecoin, Large Language Model (LLM), or $63,000 worth, just three hours after its launch. Just 21 hours later, his holdings were up 41x to a high of $2.59M.
The majority of these tokens were later sold off on 10th January for WSOL, after the tokens were transferred to another address, 9Rv4j.
The LLM coin was a memecoin launched using a fattened version of Eliza, the mascot of popular AI agent framework, ai16z. The memecoin however, was not well-received by ai16z’s creator, Shaw, who took to X to criticize the token’s creators. Interestingly, he ended up promoting a copycat token, Fatcoin, which uses the same fattened image of Eliza as its token image.
A now deleted tweet of ai16z founder, Shaw, promoting Fatcoin
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