A cryptocurrency trader’s bet on Claude’s newly created ANT meme coin (ANT) ended in capitulation, with the investor losing nearly $500,000 in less than an hour.
A transaction involving Solana (SOL) was recorded on the Raydium automated market maker (AMM) platform, specifically on the ANT/SOL trading pair.
In this transaction, the trader spent 3,396 SOL, approximately $587,000, to purchase 14.7 million ANT tokens.
However, 40 minutes later, the same trader sold the entire position for just 773 SOL, worth approximately $134,000, according to data obtained by Finbold from the chain analysis platform. Lookonchain on Thursday, October 24th.
This flash sell-off resulted in a total loss of 2,623 SOLs amounting to approximately $454,000.
Catalysts for ANT Investor Interest
Due to its unique creation history, ANT initially attracted the attention of meme coin enthusiasts. The token has its roots in artificial intelligence and became the first coin to launch on Solana thanks to AnthropicAI’s latest Claude feature, which allows generative artificial intelligence technology to use a computer the way humans do.
Interestingly, this is not the only meme coin related to artificial intelligence. As reported by Finbold, the SLOP token has also seen increased interest, mainly due to the fact that the coin was initiated NamshubAn AI agent created based on the new Glyph bot layer by developer Fabian Stelzer.
The losses came at a time when ANT shares experienced a notable sell-off. While there is no specific reason for this decline, it can be concluded that the coin was trapped by the inherent volatility associated with meme coins.
Growing Interest in Meme Coins
ANT is among the millions of meme coins created on the Solana blockchain using the Pump Fun platform, which simplifies the cryptocurrency creation process.
To this end, meme coin enthusiasts have emerged, constantly seeking newly created tokens amid the growing trend of investors making millions from strategic investments.
As for Pump Fun, Goatseus Maximus (GOAT) is a standout meme coin from the platform. This rally was facilitated by activity on social networks and an artificial intelligence chatbot.
As a result, GOAT attracted millionaire investors while others missed out on windfall profits by exiting their positions too early.
