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Major Whale Sells 2.8 Million ai16z Tokens, Realizes $3.575 Million Profit | Flash News Detail | Blockchain.News
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1/9/2025 3:43:53 AM

Major Whale Sells 2.8 Million ai16z Tokens, Realizes $3.575 Million Profit

Major Whale Sells 2.8 Million ai16z Tokens, Realizes $3.575 Million Profit

According to Ai 姨, a major whale sold 2.8 million ai16z tokens through a new address, realizing a $3.575 million profit.

Source

Analysis

According to Ai 姨, in the past 40 minutes, a significant whale associated with the ai16z cryptocurrency has liquidated 2.8 million tokens using a new address, 22b1D...h6WJo, making a profit of $3.575 million. This whale had initially accumulated 12.01 million ai16z tokens a month ago at a price of $0.3232 each. The recent sale marks the second major liquidation following an earlier sell-off 19 days ago during a short-term market correction. As of now, the whale still retains 5.3 million ai16z tokens, with an unrealized gain of $6.578 million. The address used for holding is available for public viewing, which provides transparency into the whale's current holdings and potential future actions.

The trading implications of this move are significant. The sale occurred during a period when the ai16z token has experienced a 28.7% decline over the past three days, indicating that the whale's actions are part of a broader market trend. Such large-scale sell-offs can exert downward pressure on the token's price, as seen historically when whales exit their positions. The previous sell-off by this whale corresponded with a market correction, suggesting that these actions are timed to capitalize on short-term price fluctuations. These movements are crucial for traders to monitor as they can signal potential entry or exit points based on whale activity.

Technical indicators and volume data further support the analysis. The Relative Strength Index (RSI) for ai16z has dipped into the oversold territory, suggesting that the token might be due for a rebound. However, given the recent sell-off, traders should exercise caution as high-volume sell-offs by whales can lead to prolonged price depressions. On-chain metrics indicate a high level of token transfers related to this whale, as evidenced by the high transaction volume on the blockchain. This activity suggests increased volatility, making it essential for traders to keep an eye on market depth and order book changes. Understanding the whale's remaining holdings and monitoring any further transactions from the disclosed addresses can provide insights into future price movements and market sentiment.

Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references