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Impatient Whale Lost 1.92 Million Dollars in Investment in Artificial Intelligence Altcoin! - Coin Bulletin
A crypto whale who held AI16Z tokens for three months finally gave in and had to close a large part of their position with a loss of 1.92 million dollars.
Large investors, called "whales" in the cryptocurrency market, sometimes fail in their long-term strategies. According to data shared by blockchain analytics platform Lookonchain**, a whale that invested by spending 18,000 Solana (SOL) three months ago faced a huge loss. Three months ago, the investor bought 18,000 SOL worth $3.68 million and 6.51 million AI16Z tokens at a price of $0.57.
Due to the market conditions not meeting expectations, the investor was forced to sell a portion of their tokens at a loss today. According to Lookonchain data, the whale sold 4 million AI16Z tokens at a price of 0.26 dollars, obtaining a total of 1.05 million dollars and thus incurred a loss of approximately 1.92 million dollars.
A noteworthy point is that the investor did not prefer to close all of his positions. The whale still holds 2.51 million AI16Z tokens, and the current value of these tokens is approximately 702,000 dollars.