The top 17 whale in $ai16z holdings has offloaded 2.8 million tokens in the past 40 minutes through a newly created address, 22b1D…h6WJo.
This latest transaction earned the whale an impressive profit of $3.575 million. Cumulatively, this whale has now secured a total profit of $10.862 million from $ai16z trading.
A month ago, the whale initiated a position with 12.01 million $ai16z tokens at a low average price of $0.3232. This marks the second significant sell-off since entering the position, with the previous sale occurring 19 days ago during a short-term market correction. Despite the recent sale, the whale still holds 5.3 million tokens, currently reflecting a floating profit of $6.578 million.
Whales Flee as $ai16z Drops 28.7%
The broader $ai16z market has been under significant pressure, plunging 28.7% over the past three days. This steep decline has prompted multiple whales to liquidate their holdings, intensifying the downward momentum.
Conclusion
The sell-off by one of $ai16z’s largest holders highlights growing concerns over the token’s recent performance. While some whales are locking in profits, others appear to be exiting amid the ongoing market turbulence. With prices in freefall and key players retreating, the future of $ai16z remains uncertain as traders brace for further volatility.
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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