Trader loses US$500,000 with memecoin in less than an hour
A cryptocurrency trader lost approximately $500,000 in less than an hour by betting on the newly created memecoin ANT by Claude (ANT). The transaction took place on the Raydium platform, specialized in automated market making (AMM), specifically on the ANT/SOL trading pair.
According to analysis by the Lookonchain platform, which specializes in on-chain data, the investor acquired 14.7 million ANT tokens by using 3,396 Solana (SOL) tokens, equivalent to around US$587 thousand. However, just 40 minutes later, he sold his entire position for 773 SOL, which was worth approximately $134,000 at the time of the transaction. The sale resulted in a loss of 2,623 SOL, which corresponds to a loss of around US$454 thousand.
The ANT memecoin gained notoriety for its origins linked to artificial intelligence. The token was the first to reach the Solana blockchain through AnthropicAI's Claude tool. The solution uses generative AI technology to operate in a similar way to human use of computers.
Despite its promising start, the price of ANT fell drastically in a short period. By the time of the sale, the value of the token had plummeted, and its market value, which once reached US$25 million, had dropped to around US$4.6 million. Although there is no clear explanation for this drop, the intrinsic volatility of memecoins is often responsible for these fluctuations.
Memecoin volatility
The ANT case is not isolated. After all, another token linked to artificial intelligence, SLOP, has also gained attention recently. Interest in SLOP arose primarily due to its creation by Namshub, an AI agent developed by Glif's new bot layer under the leadership of developer Fabian Stelzer.
Memecoins have attracted investors for their potential for quick profits, although they are often associated with high risks. The ANT token came to the market through the Pump Fun platform, which facilitates the process of creating new cryptocurrencies on Solana.
However, the success of these coins depends largely on speculation and social media activity, factors that can either quickly boost or drop their prices.
Successful examples
Despite the significant losses of some investors, others manage to make large profits. The Goatseus Maximus (GOAT) token, also created by the Pump Fun platform, is an example of success among memecoins. Driven by interaction with an artificial intelligence chatbot and a strong presence on social media, GOAT has already generated great fortunes for investors who managed to maintain their positions at the right time.
However, the memecoin market is marked by stories of quick losses, such as the trader who sold his holdings too early and missed the opportunity to profit from the tokens' subsequent appreciation. The speculative nature of these currencies makes the timing of buying and selling crucial to avoid losses.