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Market News

Whales’ Huge $ai16z Purchases Lead to Big Profits

The unrealized profit for this investor currently stands at $1.13 million, with an average cost of $0.68 per token.

Written By:
Dishita Malvania

Reviewed By:
Dhara Chavda

Last updated: December 26, 2024 6:14 PM
Published December 26, 2024 5:38 PM
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Last updated: December 26, 2024 6:14 PM
Published December 26, 2024 5:38 PM
$ai16z Token Surges as Whales Stack Millions in Tokens

Two major cryptocurrency investors, known as whales, have made significant purchases of the $ai16z token recently, according to data from Lookonchain.

One whale, identified by the address E9uD…Y9cf, bought 3.09 million $ai16z tokens worth $2.46 million just two hours ago. Over the past month, this whale has accumulated a total of 18.7 million $ai16z tokens valued at $15.72 million. 

2 whales bought more $ai16z today. #ai16z

E9uD…Y9cf bought 3.09M $ai16z($2.46M) 2 hours ago.

The whale has bought 18.7M $ai16z($15.72M) at ~$0.45 in the past month, with an unrealized profit of $7.36M.https://t.co/CBN4YKHWqk

6gqH…dyDo bought 1.4M $ai16z($1.27M) 15 hours… pic.twitter.com/CNuDRdzBtz

— Lookonchain (@lookonchain) December 26, 2024

This investment has already resulted in an unrealized profit of approximately $7.36 million, with the tokens purchased at an average price of around $0.45.

Another whale, 6gqH…dyDo, made a substantial purchase of 1.4 million $ai16z tokens for $1.27 million just 15 hours ago. In the past week, this whale has bought 7.2 million $ai16z tokens, totaling $6.05 million. The unrealized profit for this investor currently stands at $1.13 million, with an average cost of $0.68 per token.

These large purchases highlight the growing interest in the $ai16z token, with both whales seeing significant gains from their investments in a relatively short period.

In addition to the $ai16z tokens, A Whale recently increased its holdings in other digital assets, including 2 million GRIFFAIN and 5,680 WSOL. This investor’s total holding in $ai16z now amounts to 18.7 million tokens, worth approximately $15.83 million, making up about 1.7% of the total token supply. The whale’s average cost per token is $0.48, resulting in a floating profit of $6.9 million.

Also Read: Whale Transfers $17M ETH to Binance Amid Sell-Off Wave

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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Dishita Malvania - Senior crypto journalist at The Crypto Times
By Dishita Malvania
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Dishita Malvania is a Crypto Journalist with 3 years of experience covering the evolving landscape of blockchain, Web3, AI, finance, and B2B tech. With a background in Computer Science and Digital Media, she blends technical knowledge with sharp editorial insight. Dishita reports on key developments in the crypto world—including Litecoin, WazirX, Solana, Cardano, and broader blockchain trends—alongside interviews with notable figures in the space. Her work has been referenced by top digital media outlets like Entrepreneur.com, The Independent, The Verge, and Metro.co, especially on trending topics like Elon Musk, memecoins, Trump, and notable rug pulls.
Dhara Chavda- Crypto Research Analyst at The Crypto Times
By Dhara Chavda
Follow:
Dhara Chavda is a Content Strategist and Research Analyst with 5 years of experience in the crypto industry. She holds a Bachelor’s degree in Computer Engineering and brings a strong technical perspective to her work. Dhara specializes in DeFi, price analysis, and the core mechanics of cryptocurrencies. She also works on crypto news, including research, analysis, and assigning stories, ensuring accurate and timely coverage of key developments in the space.

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