#Whale dumps AI16z for $3.57 million profit#

Recently, on-chain analysts have monitored that a top 17 ai16z whale has sold 2.8 million tokens through a new address in the past 40 minutes, making a profit of $3.575 million. This whale had bought 12.01 million ai16z at a low price of $0.3232 a month ago. This is the second large-scale sell-off after its initial purchase. It currently holds 5.3 million tokens with an unrealized profit of $6.578 million. This sell-off has attracted market attention. Some analysts believe that this may be a profit-taking behavior of the whale, or it may indicate a short-term correction in the price of ai16z. However, other analysts believe that the whale's sell-off does not mean that the price of ai16z will fall sharply, as it still holds a large number of tokens and the fundamentals of ai16z remain strong. It is worth noting that the whale made a profit of $3.57 million by selling ai16z, while another top 5 LLM whale bought 9.49 million LLM at a low price of $0.01949 last night, currently with an unrealized profit of $670,000. This shows that there are different investment strategies in the market, with some investors choosing to take profits while others choose to continue holding or increasing their holdings.