According to Lookonchain monitoring, multiple whales are increasing their holdings of ai16z:

-AVLKwK...x1Mv spent 3.71 million USDC today, buying 2.96 million ai16z at an average price of about 1.253 dollars;

-65FwXv...T4HE spent 10,000 SOL (1.88 million dollars) today, buying 1.51 million ai16z at an average price of about 1.247 dollars.