According to on-chain analyst @ai_9684xtpa, the ai16z TOP17 holding whale sold 2.8 million tokens through new address 22b1D...h6WJo in the past 40 minutes, making a profit of 3.575 million dollars. Their total profit on ai16z has reached 10.862 million dollars.

This whale had already accumulated 12.01 million ai16z at a low price of 0.3232 dollars a month ago, and this is the second large-scale sell-off since then (the last was 19 days ago during a short-term correction); currently, they still hold 5.3 million tokens, with an unrealized profit of 6.578 million dollars.