Whale Activity Sends ai16z Price Plummeting 11.81% in 24 Hours, $7.89M Sold

In the past 24 hours, heavy sell-offs by five major wallet addresses have significantly impacted the price of ai16z tokens, causing an 11.81% decline.

These whales collectively sold $7.89 million worth of tokens, with some cashing out entirely while others retained substantial holdings. Here’s a breakdown of their activity:

1. Address GU2Gd…zsWQo

This whale unloaded $2.46 million worth of ai16z tokens, securing a profit of $96,000 in the process. Following the sale, the address fully exited its position in the token.

2. Address EUM51…qt83S

Selling $1.65 million in tokens, this address exited the market at a loss of $28,000. The complete liquidation of its position marks its departure from the ai16z ecosystem.

3. Address 852wz…BHWXh

Over the past two days, this wallet has sold a total of $2.85 million worth of ai16z, including $1.29 million in the last 24 hours. Despite these sales, it remains a significant player, holding 8.1 million tokens valued at approximately $10.85 million. This makes it the 14th largest ai16z holder.

4. Address 6rg2r…ZBCqs

Previously ranked among the top six ai16z holders, this address sold $1.29 million worth of tokens. Despite the sale, it continues to hold a hefty 11 million tokens, valued at roughly $14.63 million.

5. Address B986m…drNJS

This whale sold $1.2 million worth of tokens, pocketing a profit of $113,000 before completely exiting its position.

The recent sell-offs underscore the volatile nature of ai16z’s market dynamics, with substantial whale activity triggering sharp price fluctuations.

Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.

Will Izuchukwu: