A major GRIFFAIN whale has made waves in the market, selling off a $1.5 million position to invest heavily in AI16Z tokens.
This particular whale is one of the largest AI16Z holders, with their wallet now valued at an impressive $20 million worth of these tokens.
#GRIFFAIN whale decides to dump his $1.5M position to buy #AI16Z
It's one of the biggest AI16Z holders, and #ZEROBRO now holds $20M worth of these tokens.
Whales act weird, while these tokens are 2X – 5X higher MC than #GRIFFAIN.
I'm not sure how, but my limit orders are… pic.twitter.com/sGqcjzQjPV
— 🕵️GEM DETECTER🕵️ (@gem_detecter) December 27, 2024
The move has raised eyebrows, as AI16Z’s market cap is currently two to five times higher than GRIFFAIN’s, suggesting a calculated risk despite the higher valuation. Whales often make unexpected moves, and this one appears to be no different.
Another whale has also doubled down on AI16Z, adding $1.0068 million worth of tokens to their portfolio. This comes on the heels of a similar move made by a mysterious trader who once spent 15,140.85 SOL accumulating $PNUT, $FRED, and $OPK, earning a floating profit that peaked at $30 million.
In just the past 20 minutes, the same whale purchased 1.127 million AI16Z tokens at a cost of $0.5039 each, using 5,291 SOL for the transaction. This brings their total holdings to 19.83 million AI16Z tokens, valued at a staggering $17.74 million.
大佬又加仓了 100.68 万美金的 $ai16z😳
上一个这样明牌搜哈的是「花费 15,140.85 SOL 重仓 $Pnut / $FRED / $OPK 的神秘巨鲸」，浮盈一度高达 3000 万美金
过去 20 分钟他再次花费 5,291 SOL 买入 112.7 万枚 ai16z，目前持仓增长至 1983 万枚，总价值 1774 万美金，成本 $0.5039 https://t.co/BgrYZxojpr pic.twitter.com/y9r7zx5WxH
— Ai 姨 (@ai_9684xtpa) December 27, 2024
These high-stakes trades demonstrate the influence of whales in shaping token markets. While AI16Z’s meteoric rise has captured attention, it remains to be seen whether these strategic buys will pay off or if the whales are taking on significant risk.
As the crypto market continues to evolve, moves like this highlight the unpredictable yet intriguing behavior of major players. Investors and onlookers alike will be watching closely to see how AI16Z performs in the coming weeks.
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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Image Source: peshkov/123RF // Image Effects by Colorcinch
