$ai16z Whale Executes $10.68M Sale After November Profit
The post $ai16z Whale Executes $10.68M Sale After November Profit appeared on BitcoinEthereumNews.com.
A significant move by a whale in the $ai16z market has caught the attention of cryptocurrency traders. This whale, who originally purchased 10.6 million $ai16z tokens for approximately $2.27 million from November 15 to November 22, 2024, is now set to sell 5.3 million tokens, worth around $10.68 million. This transaction highlights a staggering profit of approximately $19 million from the whale’s initial investment, as the price of $ai16z has increased substantially since the November purchase. An $ai16z whale is selling 5.3M $ai16z($10.68M) via limit orders. This whale bought 10.6M $ai16z($2.27M cost) at an average price of $0.214 from Nov 15 to Nov 22, 2024, and currently has a profit of ~19M. In the past 4 hours, this whale deposited 5.3M $ai16z($10.68M) into… pic.twitter.com/7w2gSO70U3 — Lookonchain (@lookonchain) January 6, 2025 According to Lookonchain,The whale’s initial investment in $ai16z tokens occurred between November 15 and November 22, 2024, during which they accumulated a total of 10.6 million tokens at an average price of $0.214 per token. This strategic entry point, combined with the subsequent price surge, has enabled the whale to realize impressive gains. Since then, the value of $ai16z has appreciated, resulting in a current profit of nearly $19 million. This significant profit comes from both the growth in the token’s price and the whale’s ability to time their entry into the market. The whale’s acquisition of 10.6 million tokens represents a substantial position in the $ai16z market, and their decision to liquidate part of this position signals a potential shift in strategy. In the past four hours, the whale has deposited 5.3 million $ai16z tokens into the Jupiter exchange platform, signaling that they intend to sell these tokens via limit orders. At the current market price, these 5.3 million tokens represent a transaction value of approximately $10.68 million. By…
Filed under: News - @ January 7, 2025 4:25 am