An anonymous trader earned $10,800 from investing only $51 on a memecoin named NVDA AI (CRYPTO: NVDA). The memecoin was spun up after the chipmaker giant reported higher-than-expected profit and revenue figures in its fourth-quarter earnings.

The trader purchased the token only 10 minutes after deployment — a very risky strategy for a newly launched token.

An X user suggested the trader might be the developer, speculating the trade was made to boost the token's price.  

A prominent "shitcoiner and NFT collector" mentioned they could have made even more profit if they hadn't sold half their holdings so early.

Also Read: Fair Play? Traders Turn $3,694 Into $1.78 Million With Copy Of 'Dogecoin Killer' $WIF

Why It Matters: Following the reveal of OpenAI’s video-to-text model, Sora, AI-related cryptocurrencies have caught a wind.

Moreover, hype-related memecoin creations have become common in the cryptocurrency space. 

For instance, memecoins have been created following tweets of Elon Musk and Vitalik Buterin.

However, many event-related memecoins are short-lived, with few surviving long enough to become a potential "Dogecoin (CRYPTO: DOGE) killer."

Read Next: Trading Strategies For Nvidia Stock Before And After Q4 Earnings

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