- AI16Z whale sells altcoin at $1.92 million loss leaving traders confused.
- Some believe this was a very desperate decision aimed to de-risk.
- Others think is an unfortunate trade as indicators point to another price pump soon.
Altcoins continue to leave whales confused, should whales hold on longer and reap higher highs after altseason peak, or have some altcoins already hit their cycle tops? In the spotlight today is a popular Solana-based altcoins known as AI16Z, is one of the few AI altcoins known for its impressive performance and capabilities. One AI16Z whale sells altcoin at $1.92 million loss.
AI16Z Whale Sells Altcoin at $1.92 million Loss
As we can see from the post above, this whale seems to have made a desperate or unfortunate decision. To highlight, the whale, 3 months ago, spent 18,000 SOL worth $3.68 million to buy 6.51 million AI16Z tokens at $0.57 each. Now, after holding those AI16Z tokens for 3 months, this whale finally capitulated, selling part of his AI16Z holdings at a loss of $1.92 million. Specifically, today the whale sold 4 million AI16Z worth $1.05 million at $0.26 to stop loss, leaving 2.51 million AI16Z worth $702,000.
Based on CoinMarketCap analytics, the price of AI16Z is presently at $3.011 showing that the altcoin is up by almost 23% since the last 24-hour. The popular AI altcoin is also boasting a total market cap of $331,370,010.39 and a 24-hour trading volume of $153,655,474.87. Furthermore, the same analytics reveal that AI16Z is over 85% away from its previous ATH price of $2.48. Based on the responses from the post, many traders seem to think that the whale pulled a desperate move in selling during a time of loss and expect the asset to recover to much higher prices in the coming weeks ahead.
Will the Whale Regret This Sell Order?
To give light to AI16Z as a project, it is recognized as the first venture capital firm led by Al agents. The project is headed by a team of Al leaders together aiming to shape the future of Al. They work to connect Al entrepreneurs, experts, and investors, to foster growth in a rapidly evolving web3 and AI-adjacent ecosystem. The team believes that a singularity is approaching, and aims to be an entity to guide it forward.
Meanwhile, one response to the post attached above shares a forecast for AI16Z price. As we can see, this post says that AI16Z is in a high-volatility zone after its rapid run-up and exchange listing hype. Furthermore, technical indicators flashed a short-term overbought signal as whales began to take profits, denting near-term momentum. In addition, social chatter is split—bulls talk sector leadership and meme power, but skeptics hammer on fundamentals, product utility, and leadership credibility. The analysts conclude that whale flows are mixed leaving some big holders to de-risk However, transfer activity shows others still betting on another leg up.
