AI16Z whale sells 5.3 million tokens, raking in 19 million USD in profits, is a market storm approaching?
According to on-chain monitoring, an AI16Z whale has just deposited 5.3 million AI16Z (worth 10.68 million USD) into the Jupiter platform within 4 hours and precisely cleared their position through limit orders. Looking back at their operations, this whale accumulated 10.6 million tokens at an average price of 0.214 USD between November 15 and 22, 2024, with a total investment of 2.27 million USD. Now, with a single move, they have locked in an astonishing profit of about 19 million USD, yielding a return rate of 837%!
This wave of high selling has undoubtedly triggered market fluctuations, and the subsequent direction of AI16Z's price will become a focal point of attention. Is the whale's liquidation a sign of pessimism towards the current market, or are they preparing to buy back at lower levels? Or is it merely the prelude to a larger operation?
Are retail investors picking up the pieces after the whale's cut? Do you dare to chase, or will you hold steady? Follow Lao Lin, as he guides you through the market fog to uncover the truth!
