Lookonchain monitoring shows that some wallets holding ai16z tokens that have not realized profits have begun selling their tokens. Two addresses have sold a total of 2.17 million ai16z tokens as follows:
Two hours ago, the CAR4F9...7XHT address sold 1.14 million ai16z tokens for 10,856 SOL (2.25 million USD) and still has 285,000 ai16z tokens (568,000 USD) remaining.
2. Nine hours ago, the 6C6bwA...MLxE address sold 1.03 million ai16z tokens for 2.49 million USDC and still has 3.42 million ai16z tokens (6.8 million USD) remaining.